3 Made in USA Coins to Watch in the Fourth Week of July

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Last week was extremely positive for 'US-produced' coins, as the House of Representatives passed several important cryptocurrency regulation bills. Most notably, the GENIUS Act was signed into law by President Trump, becoming the first official cryptocurrency regulation in the country.

As the positive momentum continues, BeInCrypto analyzed three US-produced coins that may be on track to generate additional profits.

Constellation (DAG)

DAG emerged as one of the best-performing tokens this week, increasing 14% in the past 24 hours.

Trading at $0.043, DAG's impressive surge shows continued upward momentum, driven by strong market sentiment. The token's growth may continue to accelerate if the upward trend is maintained.

Parabolic SAR, located below the candles, indicates that DAG's upward trend is active. As this upward momentum continues, this altcoin is likely to challenge the resistance level of $0.045, which could push it to $0.052.

DAG price analysis.DAG price analysis. Source: TradingView

However, if bearish market conditions emerge, DAG's price may face resistance and decline. If momentum is not maintained, it could drop to $0.038. If this occurs, the price appreciation prospects will be nullified, signaling a potential reversal for the altcoin.

Helium (HNT)

HNT increased 33% this week, reaching $3.86 and marking a near two-month high. This altcoin is currently facing a critical resistance level at $4.18, which it struggled to overcome in May.

A successful breakout could push HNT to higher prices, continuing its upward trend.

The Chaikin Money Flow (CMF) indicator shows strong inflow for HNT, even stronger than in May. This indicates increasing investor confidence, which could support HNT in breaking through the $4.18 resistance level.

With continued demand, HNT could push further, potentially reaching a new high.

HNT price analysis.HNT price analysis. Source: TradingView

However, investor selling remains a significant risk. If HNT fails to maintain support at $3.83, the altcoin could drop to $3.13, the next key support level.

A decline below this price would nullify the current price appreciation prospects, signaling a potential market correction.

Pudgy Penguins (PENGU)

PENGU increased 43% this week, reaching $0.033. This US coin is now only 40.7% away from its All-Time-High (ATH) of $0.046. For the altcoin to reach this level, strong support from investors is crucial to continue pushing the price higher in the short term.

With PENGU's stable growth in recent days, it is likely to target the next resistance level at $0.040. Maintaining this level as support will be key to pushing the price to the ATH of $0.046 and sustaining the price increase momentum seen in recent trading.

PENGU price analysis.PENGU price analysis. Source: TradingView

If the price appreciation prospects fail, PENGU may face correction and consolidation above the support level of $0.029. In this case, the price increase argument will be nullified, and the price may face downward pressure, hindering further profits for the altcoin.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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