The cryptocurrency market is often filled with tokens lost in the volatility's chaos. However, over the past month, several altcoins have gained attention on social media platforms. Their performance reflects their growing importance and is positioning them as assets that investors should carefully observe.
Therefore, BeInCrypto analyzed three hidden gem-like altcoins that investors might be missing.
XPR Network (XPR)
XPR has emerged as one of the best-performing tokens this month, rising 60% and trading at $0.00481. Despite its strong performance, the altcoin has entered a correction over the past two weeks, remaining below the $0.00505 resistance level. This correction emphasizes short-term market uncertainty.
The Bollinger Bands are currently converging, indicating that XPR is preparing for a significant volatility breakout. This pattern suggests the token may experience a sharp movement within the next few days. If the market maintains its bullish trend, XPR could break through $0.00505 and $0.00524, advancing to $0.00600.
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However, if market conditions turn bearish, XPR's price could fall below the $0.00473 support level. In such a case, the altcoin might decline to $0.00428, invalidating the bullish outlook and causing a retreat in the asset.
Telcoin (TEL)
TEL recorded a remarkable 82% surge early this month, reaching $0.0069, but subsequently dropped to $0.0048. Despite this retreat, the altcoin has risen 24% over the past month, demonstrating strong performance in a volatile market and highlighting its potential recovery when demand returns.
TEL has established itself as one of CoinMarketCap's hidden gems, indicating increasing investor interest. If TEL secures support at $0.0049, it could begin recovering recent losses. Rebounding above $0.0049 could allow the altcoin to advance to $0.0061, reaffirming its upward momentum.
However, if investors continue selling, TEL could fall below the critical $0.0043 support. Further decline would pull the altcoin to $0.0037, invalidating the bullish logic. This would represent a significant reversal and put pressure on future growth prospects.
ZORA (ZORA)
ZORA has shown outstanding performance in the cryptocurrency market this month, recording an impressive 748% rally over the past five weeks. This surge has positioned ZORA as one of July's top-performing tokens, drawing attention as an altcoin with potential future gains in a volatile market.
After reaching a new all-time high (ATH) of $0.105, ZORA is currently trading at $0.071, down 44.7% from its peak. The altcoin is receiving bullish support in the market, and if continuous demand exists, ZORA could break through $0.105 and set a new ATH, continuing its impressive growth.
However, if investors begin selling their holdings, ZORA may struggle to maintain momentum. Passing through the critical $0.052 support could see the price drop to $0.038 or lower, potentially invalidating the bullish outlook and suggesting an imminent correction in the altcoin.
