Ethereum, Solana, Cardano and many more cryptocurrencies have been caught in the middle of meme coin domination. Investors risk overlooking some cryptocurrencies during this period. Therefore, some cryptocurrencies that may not be the first to come to mind for investors could make a significant impact in the coming weeks.
Aptos (APT) Gears Up for Growth
The recent price rally in Aptos has taken the market by surprise, pushing it towards surpassing its previous all-time high (ATH) of $20.4. As of writing, APT appears less than 12.5% away from breaking the ATH and moving to new highs.
The rising trend in APT is gaining momentum, as reflected by the Average Directional Index (ADX). The indicator being above the 25.0 level could emphasize a strengthening active trend, which could be interpreted as a bullish trend for APT.
However, if the Aptos price cannot secure the $18.32 region as a support base, it could fall below $16, invalidating the bullish thesis.
Will Gala (GALA) Price Ascend?
After leaving behind the $0.080 level at the beginning of March, the Gala price showed a downtrend and was almost losing the $0.050 support level. However, in the past few days, the cryptocurrency managed to break the downtrend and rose further to test the $0.065 level as support.
Today, the Gala price is approximately 26% below the year’s highest level. On the other hand, the Relative Strength Index (RSI) seems to indicate a certain rise. The RSI is a momentum indicator that shows overbought and oversold conditions.
Looking at the RSI indicator, this suggests that GALA has the potential to continue rallying, which could take it to the $0.084 level. However, if the altcoin loses the $0.065 support, the Gala price could fall to $0.060, invalidating the bullish outlook.
Will Kaspa Price Surge?
Kaspa, which made notable price movements last month, had been moving in a descending channel and gained a positive outlook after breaking out of the channel. The altcoin broke this channel about a week ago and is currently testing the $0.131 support level, trading at $0.135.
The recent price action has resulted in a bullish flag formation. This flag formation is defined as a model where the price consolidates in a narrow range temporarily after a sharp upward price movement.
According to the emerging formation, KAS has a 66% growth potential, targeting the $0.235 level. Nevertheless, if the $0.131 support level is lost, the bullish outlook could be invalidated, and KAS could drop below $0.120.
