With the price of Bitcoin dropping below its $98k mark, the Ethereum price has plunged ~5% in 24 hours with a trading volume of $64.92 billion. However, top ETH-based tokens have defied all odds and have maintained bullish price action this week.
With the rising uncertainty in the cryptocurrency market, will Ethereum-based altcoins lead the charge and dominate the crypto bull rally this month? In this article, we have covered the market sentiment and price analysis of Beam (BEAM), Curve Dao (CRV), and Ondo (ONDO) crypto tokens.
Beam (BEAM)
Despite recording a drop of ~2% in 24 hours with a trading volume of $171.52 million, the Beam price has jumped ~12% over the last seven days and 56.36% during the last 30 days. Moreover, with a market cap of $1.61 billion, it has secured the 71st position.
The Relative Strength Index (RSI) continues hovering close to its overbought range in the daily time frame. Further, with its SMA indicator constantly supporting the Beam price chart, this altcoin may continue gaining value during the upcoming time.
If the bulls regain momentum, the Beam price could breach its important resistance level of $0.036 and head toward its 52-week high of $0.044390. Conversely, a bearish action could pull the price of this altcoin toward its low of $0.0250.
Will Beam Price Hit $1? Read CoinPedia’s Beam Price Prediction to uncover possible long-term price mysteries!
Curve Dao (CRV)
The CRV price has defied all odds by adding 7.24% to its valuation in 24 hours with a trading volume of $1.13 billion, a change of +76.39%. Moreover, this altcoin has rallied over 300% in 30 days, making it one of the best performers in the Ethereum ecosystem.
The EMA 50/200-day has displayed a Golden Cross in the 1D price chart. However, the Moving Average Convergence Divergence (MACD) shows a steady drop in the positive histogram. This highlights a mixed price action for the Curve Dao price this week.
Maintaining its bullish price sentiment could set the stage for it to retest its $1.35 mark. On the flip side, if the bears outrun the bulls, the CRV price could plunge toward its lower support level of $0.8650 in the upcoming time.
To find out if the CRV price will hit $10? Read our Curve Dao Price Prediction!
Ondo (ONDO)
The Ondo crypto token has recorded a neutral price action over the last seven days. However, this altcoin has soared ~100% in 30 days. This has resulted in this altcoin securing the 61st position in the business with a market cap of $2.21 billion.
The Simple Moving Average (SMA) is on the verge of experiencing a bearish convergence in the Ondo price chart. Moreover, the RSI indicator has experienced a similar price action, highlighting uncertainty in the short-term price targets.
If the bulls successfully retest its support level of $1.49, the Ondo price will prepare to retest its resistance trendline of $1.80. On the contrary, if the bears dominate the market, this altcoin could hit a low of $1.165.
Wondering if Ondo is a good investment for this altcoin season? Read CoinPedia’s Ondo Price Prediction!
FAQs
With an intraday drop of ~1%, this altcoin is presently exchanging hands at $0.033308.
If the adoption process intensifies, the CRV price could reach a maximum price of $2 in 2025.
For this altcoin to achieve this price target, it will require a rally of 6,229.11% in its valuation. This makes it highly unlikely for this altcoin to achieve this mark.
