Undervalued Altcoins to Buy This Week

As the bull run of 2024 picks up pace, the search for promising altcoins intensifies. With the market showing signs of growth, finding coins that have not yet reached their potential becomes a smart strategy. This article dives into a selection of altcoins that appear undervalued and might be ripe for investment. Readers looking for insights on which coins could offer strong returns will find valuable information to guide their decisions.

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Osmosis Crypto Price Movement and Near-Term Outlook

Osmosis (OSMO) has been trading between $0.78 and $0.89 recently. It’s facing the next high bar at $0.97 with a backup if it falls to $0.75. Beyond that, $1.09 could be the next test or $0.63 might come into play if it slips. Over the last week, OSMO dipped over 10%, and it’s down nearly 20% from a month ago. However, looking back six months shows it’s up almost 36%. Averages for the past few days are around $0.81, quite near to the longer span of $0.86. Strength and momentum indicators are both more or less in the middle, neither showing clear buy nor sell signs. The tiny negative MACD reflects a mild downward movement, suggesting OSMO is in a bit of a corrective phase right now.

Ondo Price Movement: Expecting Short-Term Pullbacks

The Ondo coin has seen significant growth over six months, soaring by 2520.33%, which shows strong momentum. However, the recent week shows a 7.80% drop, signaling a possible short-term pullback within the current price range of $0.73 to $0.87. Despite this dip, the monthly view remains bullish with a 12.50% increase. The coin appears to be trading in a corrective move with the RSI at 53.44, suggesting neither overbought nor oversold conditions. Immediate resistance and support are $0.95 and $0.68, respectively. The coin is hovering around its 10-day and 100-day simple moving averages, which are close together at $0.77 and $0.80, respectively. Given the mixed signals, Ondo might experience some price fluctuations before establishing a clear trend.

Chia (XCH) Price Fluctuation and Future Prospects

Chia has been trading in a price range of $31.30 to $33.71 recently. The coin shows a small decline of 1.80% over the past week and a 4.09% drop over the last month. Yet, it has gained 20.97% over the past six months. The coin is moving in a stable manner with an RSI of 50.27, suggesting no major overbuying or overselling. The price is hesitating below the nearest resistance level of $35.02 but is still above the closest support level of $30.20. With current technical indicators, Chia appears to be in a corrective phase after its recent gains, showing no signs of an impulsive move up or down at this moment. Looking forward, if the coin can break past $35.02, it might see further growth, but if it drops below $30.20, a downward trend could reinforce.

Toncoin Price Momentum – Is the Climb Sustainable?

Toncoin has recently seen a sharp rise, currently priced between $5.97 and $7.57. In the past week, it’s up almost 24%, reflecting strong demand. Over the last month, it increased by nearly 12%, and over six months, it surged over 228%. The coin is experiencing a strong upward trend, or impulsive moves, with indicators like the RSI at 73.10 suggesting it might be getting too hot. If it breaks through the nearest resistance level at $8.18, the next target could be $9.78. However, if the momentum loses steam, it might fall back to support levels at $4.99 or even $3.39. With a Stochastic value at 91.16, the current trend might slow down soon. The 10-day average price is above the 100-day, which often means the coin could keep climbing in the short term.

Conclusion

Altcoins like OSMO, ONDO, XCH, and TON might not shoot up in value right away but could grow over time. The big star right now is BlastUP. It’s built on an interesting idea and is part of the Blast network. This gives BlastUP the edge and a strong chance to rise in value faster than the others. When looking for a coin that could do well soon, BlastUP stands out from the rest.

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