Weighed down by Bitcoin’s decline, the crypto market has stumbled into the new week with a lackluster performance. The slowdown has spilled over into altcoins, dragging broader market sentiment lower.
Despite this prevailing headwind, some U.S.-based projects are emerging as bright spots, capturing the attention of investors in search of opportunities. Below, we explore three noteworthy “Made in USA” coins worth monitoring this week.
Zebec Network (ZBCN)
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In a remarkable turn of events, Zebec Network (ZBCN) has defied the recent downturn, achieving a noteworthy 23% increase in just 24 hours. This surge is complemented by a significant uptick in trading volume, which has risen by 136%, bringing it to $33.38 million.
This dual increase in price and trading activity indicates robust trader interest, suggesting that investors are placing their bets on ZBCN amidst broader market weakness. When both price and volume rise simultaneously, this often signifies strong conviction, underscoring that the rally in ZBCN’s price is backed by tangible demand.
Should this trend of accumulation persist, ZBCN may head towards a critical resistance level at $0.005028. However, if the momentum dissipates and buying pressure wanes, there’s a possibility the price could fall back to $0.004507, with more profit-taking driving it further down to around $0.0041.
Bertram The Pomeranian (BERT)
Another crypto asset attracting attention is Bertram The Pomeranian (BERT), a meme coin that has also managed to rise against the tide, posting gains of 7% over the past week. The upbeat momentum can be seen in technical indicators, particularly the Relative Strength Index (RSI), which has crossed above the neutral line at 50 and continues to rise. Currently, the RSI is registered at 52.92, signaling increasing buying momentum.
The RSI is a vital tool that indicates market conditions, with readings above 70 suggesting overbought conditions, while values below 30 indicate oversold scenarios. BERT’s current RSI levels strongly suggest that market participants are favoring accumulation, a positive signal for potential price appreciation.
Should buying interest persist, BERT could rally towards the $0.0757 mark. Conversely, if demand begins to weaken, traders may see the price dip below $0.0651, prompting fewer buyers to enter the market.
Avalanche (AVAX)
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Avalanche (AVAX) has also managed to stand out during this week, climbing 10% in the face of broader market sluggishness. An analysis of the Elder-Ray Index for AVAX indicates a favorable sentiment, signaling that buying interest is gaining ground following previous sell-off periods.
The positive readings suggest that buyers are increasingly regaining control, hinting at further potential for price appreciation. If this buying pressure continues, AVAX may have the capacity to breach the $35 price barrier, paving the way for additional upward movement.
However, if buying interest diminishes, the token could face pressure, potentially slipping back towards support levels around $30.23.
