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Most Undervalued Cryptocurrencies Page 3 For Huge Profits
With Ethereum and Bitcoin price action teasing a bullish jump ahead, the altcoin market is eyeing a massive rally in the coming week. Amid the recovery rally, the low-cap cryptocurrency on page 3 of Coinmarketcap is known for its massive jumps and sometimes even reaches the top 100.
So let’s take a closer look at the best small-cap cryptocurrencies that we have selected for a significant leap forward.
Small Cap Cryptocurrencies to Watch: Taiko (TAIKO)
Amid the current market rally, Taiko has been showing a steady upside with four bullish candles on the daily chart. This reversal has pushed the altcoin from a low of $1.95 to its current price of $2.39, marking a 22% increase. As a result, the cryptocurrency’s market cap has risen to $158.1 million.
Going into technical details, the rising price of Taiko reveals the formation of an inverted head and shoulders pattern. This chart configuration is often considered a sign of bottom formation and offers cryptocurrency buyers a new breakout opportunity.
Under the influence of this pattern, the cryptocurrency could rise by another 5% before challenging the key resistance at $2.5. A potential breakout will accelerate the bullish momentum and push the price rally to $3.3.
Aethir (ATH)
For almost a month, Aethir coin has been projecting a boring sideways action, hovering above the horizontal support of $5.9. Despite the recent market correction, the strong resilience of ATH price indicates that buyers have not abandoned this cryptocurrency.
A bullish reversal from the $5.9 support on July 5 lifted $0.76, representing a 36% weekly gain. In the midst of the recovery, the cryptocurrency experienced a bullish breakout from the descending trend line that has seen a sustainable recovery in ATH since mid-June.
If the breakout holds, the cryptocurrency could witness a prolonged rally to $0.086, followed by $0.102.
True (TRU)
With an intraday gain of 5%, the price of TRU token is trading at $0.1283 with an ongoing bullish trend. The recent recovery represents a 35% price jump in the last five days.
According to Fibonacci levels, the cryptocurrency has managed to take off from the 78.60% Fibonacci level and is heading towards the 50% level. With a V-reversal, the altcoin is heading towards another potential breakout.
If the bullish momentum of the reversal rally continues, the price of the cryptocurrency could skyrocket to the $0.20 mark.