Altcoins

CHR, DGB, OGN, CELO, and AR Price To Rejuvenate The Altseason!

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Dec 6, 2021

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Highlights

    The global crypto market undergoes a record break correction. Yet this might be an opportunity to look into low cap gems that would bring gains in the immediate bull cycle.

    CHR, DGB, OGN, CELO, and AR price manifests to rejuvenate the altsesason.

The crypto space undergoes a classical correction, and it is likely that we are in due course with five low cap gems that would explode soon. Whilst, total altcoin market cap plummets to multi-month lows, CHR, DGB, OGN, CELO, and AR are on the brink of a massive breakout. 

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Chromia (CHR) Price Analysis: 

Chromia has seen an epic move since the start of the quarter. The recent boom in the Metaverse section has boomed the CHR price by more than 700%. However, owing to the recent market crash, the asset has faced rejection at $0.887. As the asset is under the reign of bearish dominance, a number of holders strive hard to maintain the price action well above 200 days MA. As RSI favors bullish momentum the price would break from its present support at $0.5969 in order to head on towards $1. On the contrary, in the case of a surge in the sell orders, the altcoin would easily plummet below 200 days MA of $0.4219. 

Digibyte (DGB) Price Analysis: 

Digibyte’s (DGB) price has been under the bearish trap over the past month. It has lost approximately 50% of its gains dropping from $0.06 to $0.03 within just two weeks. The price is trading beneath 200 days MA, which has become a cause of worry amongst traders to buy the asset. However, as RSI indicates an increase in sell orders, the asset would retest $0.025 before it jumps to new highs. The altcoin could even jump to $0.07 if it quickly gains momentum. 

Origin Protocol (OGN) Price Analysis: 

Origin Protocol attempts to introduce DeFi and NFTs to the masses. Notably, OGN price has managed to enjoy significant profits for the month of October and November. The recent market crash appears to have heavily impacted the asset. As its 200 days, MA showcases a steady fall from the past couple of days, it would drop by another 20% from $0.69 to $0.4. If buyers come up in massive numbers in the next couple of weeks, the protocol would surpass $1. 

Celo (CELO) Price Analysis: 

After two massive leg ups since the start of the quarter, the recent market crash plummeted the CELO price by more than 50%. The major support for the token lies around $2.99 if it continues to fall. On the other hand, as it has been making attempts to strengthen the platform with new integrations, it would soon trigger the price action. The protocol has the substantial potential to clinch a newer high above $5 if it quickly regains the momentum. 

Arweave (AR) Price Analysis: 

The Arweave has managed to generate consequent higher lows, yet the recent market crash hurt its price action to plummet below 3 month low. The AR price has faced a heavy rejection at $60.81 thereby falling to support of $42.94. If it gains substantial strength around the same price level, the protocol would immediately break the resistance of $60. On the contrary, if the price undergoes a heavy correction, it would accumulate support of around $29. 

Collectively, the aforementioned low cap altcoins hold the substantial momentum to quickly move with a pace of global market cap in case of the trend reversal to a bullish move. The altcoins which are residing under the top 10 such as Solana, Polkadot, and more were low cap altcoins during early 2021. Like, how these coins made their way under the top 10, CHR, DGB, OGN, CELO, and AR hold the strength to make a similar move.

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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