Last week was an extremely positive week for Made in USA coins, as the US House of Representatives passed a series of important cryptocurrency regulation bills. Notably, the GENIUS Act was signed into law by President Donald Trump, becoming the first official regulation on cryptocurrency in this country.
As the positive trend continues, this article will analyze 3 Made in USA coins that have the potential for continued growth.
Constellation (DAG)
Constellation (DAG) is one of the best-performing tokens this week, rising 14% in just the past 24 hours. Currently trading at $0.044, DAG's impressive upward trend indicates that bullish momentum is still ongoing, driven by positive market sentiment. Accordingly, the growth of this token could be further strengthened if the upward trend is maintained.
The Parabolic SAR indicator is currently below the candles, indicating that the upward trend of DAG is still active. As bullish momentum continues, this altcoin has the potential to test the resistance level of $0.045. If it breaks through, it could aim for the milestone of $0.052.
However, if the market falls into negative conditions, the price of DAG may encounter resistance and decline. Not maintaining the upward momentum could lead to a drop to $0.038. If this occurs, the bullish outlook will be invalidated, signaling a risk of trend reversal.
Helium (HNT)
Helium (HNT) surged 23% this week, reaching $3.78 – near the highest level in the past two months. This altcoin is currently facing significant resistance at $4.18 – a level it failed to surpass in May.
If it successfully breaks through this level, HNT will continue its upward momentum and reach even higher price levels.
The Chaikin Money Flow (CMF) indicator shows that the money flow into HNT is very strong, even stronger than in May. Thus, investor confidence is increasing, which may support HNT in breaking through the resistance level of $4.18.
If demand continues to be sustained, HNT could go even further and potentially reach new price peaks.
However, profit-taking by investors remains a significant risk. If HNT regains the $3.83 level as support, this altcoin could drop to the next important support level of $3.13.
If the price falls below this level, the current bullish outlook will be invalidated, signaling the risk of a market correction.
Pudgy Penguins (PENGU)
Pudgy Penguins (PENGU) surged 35% this week, reaching $0.03. This 'Made in USA' coin is now approximately 40.7% away from its all-time high (ATH) of $0.046. For this altcoin to reach that milestone, strong support from investors is needed to continue pushing the price up in the short term.
With a steady upward trend over the past few days, PENGU is likely to head towards the next resistance level at $0.04. Establishing this level as support will be key to pushing the price closer to ATH of $0.046 and maintaining the upward momentum seen in recent trading sessions.
If the bullish outlook does not materialize, PENGU may face a correction and consolidation around the support level of $0.029. In this scenario, the bullish argument will be invalidated, and the price may come under downward pressure, hindering the potential for further growth of this altcoin.