The crypto market has displayed a strong bullish reversal over the past few days, resulting in top altcoins successfully breaking out of their important resistance trend levels. On the other hand, the Bitcoin price has stabilized above the $100,000 mark, raising speculations about a potential Altcoin Season soon.
Furthermore, investors are curious about their investments before the Altcoin market begins. Are you one of many? In this article, we will explore multiple altcoin that have the potential to bag more gains in the shorter time frame when compared to the BTC price.
1. Virtual Protocol (VIRTUAL)
Over the past 24 hours, VIRTUAL coin price has dropped approximately 7% in valuation. With this, the market valuation of this altcoin has dropped to $1.23 billion. However, the Virtual Protocol price has surged 229.86% over the past month. This has resulted in it outperforming 197 out of the top 200 cryptocurrencies by market cap.
The Moving Average Convergence Divergence (MACD) records a constant red histogram in the daily time frame. However, the Simple Moving Average (SMA) shows a positive action in the Virtual Protocol price chart, suggesting a high possibility of a bullish reversal in the upcoming time.
Maintaining a bullish action could prepare the VIRTUAL crypto price breaching its immediate resistance of $2.26 and heading toward its upper resistance level of $3. But if the bears regain momentum, this price of Virtual Protocol token may crash toward its support of $1.44 soon.
2. Pudgy Penguin (PENGU)
Amid the ongoing market turmoil, the PENGU price has displayed a similar price action by losing a significant valuation in its portfolio. Notably, this crypto token has dropped 7% in 24 hours with a trading volume of $129.67 million. However, this altcoin is under the radar of the crypto community as its has surged around 170% in 30 days.
The Simple Moving Average (SMA) could record a bullish convergence soon, highlighting an increase in the buying pressure for this memecoin in the cryptocurrency market. However, the RSI indicator records a negative trend over the past week, suggesting an increased price volatility.
Suppose, the bulls are in favor, this could result in the Pudgy Penguins price heading toward its multi-month high of $0.021225. On the contrary, if the bears outrun the bulls, this Solana-based memecoin could crash toward its crucial low of $0.0010 this month.
3. Dogwifhat (WIF)
Despite recording a drop of just over 9% in 24 hours with a trading volume of $581 million, this meme coin has recorded a jump of 142% over the 30 days. This has resulted in it outperforming major cryptocurrencies among the page 1 of the coinmarketcap. With a market valuation of $978.52 million, it has secured the 76th position in the industry.
The Relative Strength Index (RSI) fails to breach its overbought range in the daily time frame with its average trendline acting as a strong resistance in the WIF memecoin price chart. On the other hand, the 50/200-day EMA is on the verge of a Golden Cross, suggesting a mixed price action in the crypto market.
If the bulls maintain the Dogwifhat price above the support level of $0.875, this could result in this meme coin price heading toward its upper price target of $1.50. Conversely, a bearish pullback could result in it plunging toward its crucial support of $0.30.
Also Read: Top 3 DeFi Altcoins to Invest in May 2025
