Crypto industry experts called July "not too good" for the digital asset industry. This is especially true of the main crypto-coin — Bitcoin, which did not break through the $31 level on the morning of July 30. The main digital asset is trading within $000.
However, analysts suggest that August may turn out to be more positive for the crypto market, at least for altcoins. Experts have singled out several virtual coins that could demonstrate a sustained bullish trend next month.
OKB (OKB)
For a year now, crypto experts have been recording the rapid growth of OKB — the cryptocurrency chart shows a five-wave upward movement. Currently, the asset is in its fourth wave.
If the analysts' interpretation is correct, the price of OKB will head towards the next resistance level at $72,10, setting a new all-time high. Currently, the crypto-asset is trading at an average price of $42.66 with a market capitalization of $12,7 million. Traders executed daily trade agreements for an amount slightly more than $1 million.
Maker (MKR)
In July, MKR experienced two major bullish events at once: the asset price broke above the 790-day descending resistance line and broke through the horizontal support zone at $1000. The next important resistance level for Maker is $2100. This would represent a 70% upside from current levels. indicators.
At the time of writing, the cryptocurrency is available for purchase at $1,271. The market capitalization amounted to $1,2 billion, and traders executed daily trade agreements in the amount of $101 million.
TomoChain (TOMO)
TOMO price is also showing clear bullish signs. Market analysts explain: the main reason for this is the 450% upward movement that has been ongoing since the beginning of the year. During the rally, the asset price returned to the $0,95 resistance area. This is a very important level as it is the last horizontal resistance before the all-time high of $3,90.
The wave chart suggests that TOMO is in the fifth, last wave of growth. If the calculation is correct, then a continuous rebound to the area of $0,95 (on the chart it is marked with a green icon) will mean the end of the fourth wave and the beginning of the fifth wave. An upward movement to the all-time high would represent a 160% increase from the current price of $1.54 with a market capitalization of $154,2 million. TOMO's daily trading volume exceeded $22,8 million.
Ocean Protocol (OCEAN)
OCEAN has been below the descending resistance line since reaching the all-time high of $1,94 in April 2023. This line has been in place for 829 days, and the asset has so far made six failed breakout attempts (marked with red icons on the chart). Crypto experts are sure that as the resistance becomes weaker and weaker, its breakthrough is only a matter of time.
As of this moment, the asset is available for purchase for $0.35. The total supply of coins circulating on the market is $ 495,7 million. Traders executed daily trade agreements in the amount of $ 16,7 million.
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