August began with a tricky foothold in the crypto market, especially for the “Made in Usa” coin. Trading activity has declined as investors rush to close the profits from a strong July rally. Over the past week, market caps in the global crypto era have dropped by 5%, indicating a decline in demand and a broader market cooldown.
However, amid this lull, some “Made in Usa” tokens have drawn attention to the possibility of defying trends. Three Altcoins investors will need to maintain their radar this month.
Omni Network (Omni)
Omni has grown by 72% over the past week. The broader market decline recorded in the past seven days has led to record profits. This will make it one of the Made-in-USA coins to watch the first trading week of August carry out that course.
The setup of the token moving average convergence branching (MACD) indicator on the daily chart confirms bullish bias against Altcoin. During pressing, the Omni MacD line (blue) is above the signal line (orange).
MACD indicators identify trends and momentum in price movement. This helps traders find potential purchase or sale signals through a crossover between the MACD line and the signal line.
Like the Omni, if the MACD line is above the signal line, it shows bullish momentum. Traders consider this setup to be a purchase signal.
If accumulation continues, the token can exceed $4.60.
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On the other hand, if demand drops, the token price could drop to $3.83.
Story (IP)
At a price of $5.71, IP has risen 24% over the past three weeks. This is placed as another USA coin to watch in early August.
IP/USD 1-day chart measurements reveal that Altcoin has been trading within parallel channels that have risen since July 11th. This chart pattern is formed by drawing two upward tilt trend lines that connect the asset’s high and higher and lower values, showing a sustained bullish trend.
During pressing, the IP will whirl near the underlined up channel. As this level of support is retained and accumulation increases, Altcoin can recover, potentially reaching $6.46 in the short term.
However, a critical break under the channel’s support line could disable bullish setups. This could cause a sudden decline towards the $4.92 zone.
Zebec Network (ZBCN)
ZBCN has grown nearly 30% over the past seven days, making it one of the Altcoins to watch in the first week of August.
Daily charts show a steady increase in the smart money index of tokens, highlighting the sustained support of key token holders. At the time of writing, it is 1.
Asset SMI tracks the activity of experienced or institutional investors by analyzing market behavior during the first and last hours of a transaction. If it drops, it suggests that activities from these holders will be sold, pointing to expectations of a lower price.
Conversely, similar to ZBCN, an increase in indicator indicates an increase in purchasing activity. As demand continues to increase, the token price could exceed $0.0053.
On the other hand, if the purchase pressure is flattened, the token price could drop to $0.0047.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
