Top 3 Ethereum-Based Altcoins (OM, ENS, KAS) Price Action and Possible Price Targets

With Ethereum price reclaiming the $2,500 mark, top altcoins have displayed a significant uptrend in their respective portfolios.

As Ethereum price continues its rally, top altcoins have shown a strong uptrend in their respective portfolios. In particular, Ethereum-based altcoins have displayed a remarkable price action by breaking out of their resistance levels.

This strong performance by altcoins has sparked interest among investors, leading to questions about the potential for further gains. In this article, we will uncover the market sentiments, price action, and possible price targets of the top 3 Ethereum-based altcoins that could record a massive uptrend in their respective portfolios during the upcoming time.

Top 3 ETH-Based Altcoins Set for Massive Rally

Mantra (OM) Price Action

The OM price has shown a neutral trend with a change of less than 1% in its portfolio over the past week. However, this altcoin has surged approximately 1,500% this year alone despite recording a correction of 22.68% during the past month.

The Moving Average Convergence Divergence (MACD) has recorded a constant flatline with a similar trend in its averages. This indicates a weak buying and selling pressure for the altcoin in the crypto market.

If the bulls regain momentum, the Mantra price will prepare to test its resistance level of $1.050 in the coming time. Conversely, if the bears regain momentum, this altcoin will plunge toward its low of $0.790.

Ethereum Name Service (ENS) Price Action

Amid ongoing market turmoil, the ENS price has dropped 4.48% in the past week and 32.85% over the past month. Notably, with a YTD return of +84.85% and a market capitalization of $621.58 Million, this altcoin has secured the 93rd position in the global crypto list.

The EMA 50/200-day has experienced a constant decline in the 1D time frame. On the other hand, the RSI indicator is on the verge of recording a bullish convergence. This indicates a mixed price sentiment for the altcoin in the market.

Assuming a bullish reversal, the Ethereum Name Service price will retest its resistance level of $20.50 during the upcoming weeks. On the flip side, a bearish action could pull this ETH-based altcoin toward its low of $16.50.

Kaspa (KAS) Price Action

The KAS price has added 2.33% to its portfolio in the past day and 4.53% over the past week. Moreover, it has recorded a YTD return of 48.49%. This indicates a long-term bullish sentiment for the altcoin in the crypto market.

The Simple Moving Average (SMA) has recorded a bullish convergence in the 1D time frame. Further, the MACD shows a bullish rise in its green histogram. This indicates that the Kaspa price will continue gaining value in the coming time.

If the market continues trading under a bullish sentiment, the KAS price will head toward its resistance level of $0.175. Negatively, a trend reversal could pull the price of the Kaspa token toward its low of $0149 during the upcoming weeks.

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