Top 3 Little-Known Cryptocurrencies That Could Make Potential Profits in May
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The volatility of the cryptocurrency market in April caused Bitcoin and many altcoins to experience considerable growth.
However, some altcoins missed this opportunity but are preparing to do so in May. BeInCrypto has put together this analysis to put the spotlight on lesser-known coins that are poised to make gains in the coming month.
Focus is on Theta Network (THETA)
The price of Theta (THETA) has done nothing but fall throughout the month of April. The altcoin fell from $3.4 to $1.9, representing a 42% correction. Consequently, the altcoin fell into a downward widening pattern known to be bearish.
However, the MACD (Moving Average Convergence Divergence) indicator suggests otherwise. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. It helps identify possible buy and sell signals based on crossovers and divergences between these moving averages.
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The indicator has only observed a bearish trend over the past month, which reversed this week when the MACD witnessed a bullish crossover.
