The 'Made in USA' altcoins are showing bullish signals as the crypto market enters a new cycle. Bitcoin has set a new ATH at $118,869, and altcoins are following suit.
However, concerns may arise in the form of a trade war as Trump announces new tariffs on 25 countries, including the European Union.
Let's analyze three 'Made in USA' projects with Bitcoin Magazine that may experience some volatility in the coming days.
Stellar (XLM)
Stellar (XLM) has emerged as one of the best-performing altcoins this week, with a 60% increase, bringing the price up to $0.4 at this time. This altcoin is attracting attention, and recent price volatility indicates a strong trend.
XLM is currently approaching the Golden Cross, a bullish technical indicator, which is expected to drive XLM higher, potentially reaching $0.412.
If this altcoin can maintain the support level of $0.355, a sustainable bullish momentum will emerge.
However, if market conditions fluctuate negatively, especially due to trade wars or economic instability, XLM may face downward pressure.
A drop below $0.355 would trigger a stronger downtrend, with support levels at $0.332 and $0.313. This move would invalidate the current bullish outlook and potentially reset the uptrend of this altcoin.
Bonk (BONK)
BONK has risen nearly 30% in the past week, reaching $0.00002604. This altcoin has successfully defended the support level of $0.00002272, a level it previously failed to hold, providing the necessary stability for prices to maintain their uptrend.
The growth surge has attracted inflows driven by FOMO sentiment, pushing BONK past the resistance level of $0.00002496 and peaking at $0.00002648.
If this altcoin can hold its price above the resistance level, it will reinforce the recent uptrend, setting the stage for the next breakout.
However, investors should closely monitor the overall market trend. A sudden increase in selling pressure and BONK failing to hold the support level of $0.00002272 could lead to a price drop to $0.00001996.
This would erase most of the recent gains and invalidate the bullish outlook, signaling a potential shift in market sentiment.
Helium (HNT)
HNT has increased by 37% in the past week, making it one of the best-performing altcoins. The price reached a monthly high, reclaiming the $3.00 mark.
This price increase shows that growth momentum is increasing, but the main challenge will be to maintain this level in the context of potentially volatile market conditions in the coming days.
Increased inflows, as indicated by the CMF, suggest that demand for HNT is rising. Positive cash flow may help sustain the uptrend and push prices higher.
If the trend continues, HNT could target resistance levels at $3.38 and $3.63.
However, if profit-taking accelerates or general market signals shift to a bearish trend, the uptrend could reverse. HNT may struggle to maintain the support level of $3.00 and could potentially drop back below this level.
Sliding below $2.75 could trigger a decline to $2.41, invalidating the bullish outlook.