8 Potential Cryptos July 2023 — Blockchain Media Indonesia

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The global crypto market has recovered slightly, with the market capitalization up 0.31% in the past 24 hours, reaching around US$1.2 trillion.

8Cryptopotential of the month

As it enters a new month, several cryptos are pointing to the potential side to make big gains in July.

Here are 8 potential cryptos to watch in July 2023, reported by Coin Edition:

Ethereum Classic (ETC)

Despite recently experiencing a price drop, Ethereum Classic (ETC) is still showing resilience. With a decline of 6.43% in the past 24 hours, ETC is currently trading at $20.27.

However, its weekly performance was still up more than 7%. The ETC price managed to outperform important technical indicators, such as the 9-, 20-, and 50-day EMA indicators.

It should be noted that the bullish crossing of the 9- and 20-day EMA lines above the 50-day EMA line indicates strong bullish sentiment. If verified, this bull flag could push ETC price up to US$26.54 in the coming weeks.

Litecoin (LTC)

Litecoin (LTC) performed impressively last week, gaining 23%. Despite losing 0.76% in the last 24 hours, LTC is still worth $110.36.

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Like ETC, LTC managed to break through the 9-, 20-, and 50-day EMA indicators, signaling a positive trend.

The key resistance level at US$116.13 is challenging LTC, and if it manages to break it, it is expected to reach US$143.99 within two weeks. Conversely, a rebound from US$116.43 can cause LTC price to drop to US$96.67.

Filecoin (FIL)

The price of Filecoin (FIL) managed to increase by 1% in the last 24 hours, at its current price of 4.02 USD. This means that the FIL is trading closer to the daily low of US$3.98 than the daily high of US$4.23.

FIL price has broken through the 9 and 20 EMA indicators on the daily chart in the past 48 hours.

Additionally, the two EMAs crossed in a bullish fashion, indicating that the FIL is in a short-term bullish cycle and the price will continue to rise in the coming days.

Investors and traders should pay attention to the resistance level around US$4.3, which is also the same level as the 50-day EMA.

If the price of FIL manages to break above this level in the next 24-48 hours, then there is a possibility that FIL will move towards the next major resistance level at $5,150 in the next few days.

Injective (INJ)

Injective (INJ) is another potential crypto on CoinMarketCap’s trending list after seeing a price increase of over 18% in the past week.

The price of INJ has also increased by 0.62% in the last 24 hours. INJ’s 24-hour trading volume also increased by 8.32%, reaching around $73 million.

INJ managed to break the resistance level at US$8,250 in the last 24 hours and turned this level into a support level.

Technical indicators suggest that INJ price is likely to continue higher over the coming week as the 9-day EMA is above the 20-day EMA and the 20-day EMA is above the 20-day EMA. 50 day EMA.

If the support buy for INJ holds, INJ will attempt to challenge the minor resistance level at US$9,294 before heading towards US$9,915 in the week ahead.

However, if INJ prices break below US$8,250, the bullish theory will likely be invalidated and INJ is likely to fall to US$7,826.

CAD Curve (CRV)

Despite a price drop of 0.02% in the last 24 hours, Curve DAO Token (CRV) remains strong, with a value of around $0.7606.

Its weekly performance is still up more than 3%. CRV managed to turn the resistance level at $0.750 into support in the last 3 days.

As a result, the price of this altcoin has the potential to hit the next major resistance level of US$0.883 over the coming week.

However, if CRV price breaks below US$0.750 in the next 48 hours, the bullish scenario will likely be invalidated and CRV could fall to US$0.710.

Synthetix (SNX)

Synthetix (SNX) is down 0.58% in the past 24 hours, currently trading at US$2.26. Its weekly performance is still in the negative zone, down 3.30%.

Since hitting an all-time high (ATH) of US$28.77 in February 2021, the price of SNX has fallen over 92%.

SNX price is at the support level around $2.27 after successfully breaking above this level in the last 48 hours. Today’s daily candle closing above this level could indicate a potential SNX advance to $2,560 in the coming week.

However, if the SNX closes below this level, it is likely to drop to US$2,079 within the next 48 hours.

Solana (SUN)

Solana (SOL) recorded a price increase of 3.57% at this time. As a result, the Ethereum Killer is trading around $19.10. Its weekly performance continues to be positive with an increase of 10.66%.

The SOL price also managed to overcome a major resistance level in the last 48 hours, as this potential crypto managed to turn the US$18.64 level into support.

As a result, SOL may challenge the next major support level at $20.18 in the coming days.

On the other hand, a daily close below US$18.64 would put the altcoin at risk to test a crucial support level. In this scenario, SOL may fall to the key support level at $17.00.

Chain link (LINK)

Chainlink (LINK) is another crypto that saw its price increase by 3 [ersen dalam 24 jam terakhir, saat ini bernilai US$6,41.

Meskipun harga LINK telah mengalami penurunan sebesar 87 persen sejak mencapai ATH pada Mei 2021, kinerja terbarunya menunjukkan tanda-tanda pemulihan.

Harga LINK berpotensi naik ke US$6,810 dalam seminggu mendatang jika berhasil melewati US$6,928 dalam 24 jam terakhir. Namun, sebelum mencapai target ini, LINK perlu melewati level resistensi minor di US$6,663 terlebih dahulu. [st]

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