Top Small-Cap Altcoins That Recorded Massive Gains; Will Bitcoin & Ethereum Price Follow?

The crypto markets appear to have risen above the bearish influence to some extent as the star crypto, Bitcoin, along with the major altcoins, have been making a huge move. While the top 10 altcoins have been recording decent gains, three altcoins have surged with flying colours. Among them are Band Protocol (BAND), Stratis (STRAX), & WazirX (WRX), which have surged by more than 35% to 40% in the past 24 hours. 

Band Protocol (BAND)

• The Band Protocol price broke above the descending trend within the falling wedge; it traded since the beginning of the year

• With a jump of more than 100% since the last trading day, the token seems to be under extreme bullish control, which is believed to prevail for a long time.

• The DMI is bullish as the ADX has triggered a bullish rebound while the +DI line has risen above the -DI, indicating the rise of a fine upswing

• Although the BAND price faced an interim pullback, a rebound from the lower support at $1.35 could trigger a flip, enabling the price to reach the higher targets mentioned in the above chart.

Also Read: Why Loom Network (LOOM) Price is Up by 250%-Will It Hit $1 in October 2023?

Stratis (STRAX)

• The STRAX price has been trading under extreme bearish conditions for over a year, ever since it failed to rise above the crucial resistance zone

• Ever since the beginning of the year, the price has failed to rise above $0.844 until the latest upswing

• The price faced rejection from the resistance zone just below $1.3, while the trend continued to remain elevated

• As the RSI has reached overbought levels, a minor pullback may drag the price slightly below $1, followed by a bullish rebound back above those levels

Also Read: Bitcoin Surges Above $27,000-Here What It Indicates About the Next Impending Trend!

WazirX (WRX)

• The WazirX token has witnessed a massive fall after a minor upswing in the first few days of the year. However, the recent upswing appears to have broken the barrier

• The price soared above the pivotal resistance zone between $0.1166 and $0.1192 and reached interim highs above $1.368

• Although the price faced an interim pullback, a flip appears to be imminent as it is defending the resistance-turned-to-support zone firmly

• Moreover, the super trend is closer to triggering bullish signals with a huge influx of buying volume, indicating the upswing will prevail for a long time.