Three altcoins to watch this week
in price, which sets it apart from other cryptocurrencies that are struggling to sustain important support levels.
With solid support at $5.65, OM is less than 5% away from reaching its all-time high of $6.48. If it manages to break through this barrier, the cryptocurrency could set a new all-time high (ATH) later this week. An increase in buying pressure and a favorable market scenario could boost this movement, attracting more investors.
On the other hand, if AVAX fails to break through the resistance of $26.95, the market could react negatively. If the token unlocking does not attract buyers in sufficient volume, the cryptocurrency's price could fall back to $22.70.
A depreciation below this support could intensify losses, generating a feeling of greater caution among investors. This scenario could delay a recovery in the short term and increase selling pressure in the market.
Mantra (OM)
OM has shown resilience even in bearish market scenarios, avoiding sharp drops. Currently trading at US$6.15, the altcoin maintains strong price stability, which sets it apart from other cryptocurrencies that struggle to sustain important support levels.
With solid support at US$5.65, OM is less than 5% away from reaching its all-time high of US$6.48. If it manages to break through this barrier, the cryptocurrency could set a new all-time high (ATH) later this week. An increase in buying pressure and a favorable market scenario could boost this movement, attracting more investors.