The crypto market is heading for a new month, and the same is a explosion of volatility, and altcoins are currently facing. To add to this, next week is important for the crypto market due to Trump’s tariff war.
Therefore, Beincrypto analyzed three tokens this week that could benefit from volatility and other reasons.
Immutable (IMX)
The IMX price is $0.502, reflecting trends in the broader bear market. Nonetheless, Altcoin may find support for $0.497 and may recover. If support is retained, IMX can attempt to rise to $0.548, providing traders with the opportunity to capitalize on potential profits.
Future token unlocking of 2,452 million IMX worth $12.4 million could have an impact on the market. Unlocking tokens usually leads to bearish price movements, but the relatively low price on IMX can attract buyers. This demand could offset the negative impact of additional supply, giving IMX an opportunity to recover.
About Token TA and Market Updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s daily crypto newsletter.
However, if investor sentiment is uncertain and demand does not materialize, IMX could face continuous sales pressure. In such a scenario, the price could fall below $0.497 and below $0.470. This will disable bullish outlook and show you more negative responsives for AltCoin.
MBG by Multibank Group (MBG)
MBG, a recently launched cryptocurrency, has attracted a lot of attention from investors. Within less than two weeks, MBG’s market capitalization reached $212 million, showing rapid growth.
As stated in the CMF, capital inflows into MBG are a positive indicator, suggesting investor trust. Continuing demand could potentially revisit MBG’s highest ever-growing $3.09. Ensuring a support level of $2.45 is important to maintaining upward momentum and reaching new heights.
However, if sales pressures intensify from skeptical investors, MBG could face a halt on its upward trajectory. We were unable to retain $2.45 in support, so we could push MBG down below $1.99. Losing this level of support will invalidate Altcoin’s bullish papers.
BNB
BNB formed a new all-time high (ATH) in late July, reaching $861, but then dropped to $736. Despite this set-off, bull market signals suggest that BNB is showing signs of recovery and is currently trading at $759. Altcoin stays within its previous highs if it maintains momentum.
Currently, BNB is 13.5% below the $816 ATH. If BNB can break through major resistance levels at $793 and $823, it could potentially approach ATH again. Ensuring a support level of $766 is important to maintaining upward momentum and achieving further profits in the short term.
However, if BNB cannot maintain the $766 level, you may experience an even more downside. If you fall below this support, you could push BNB back below $736. Such a move negates the current bullish outlook and suggests a potential bearish reversal.
Post 3 altcoins to watch in the first week of August 2025 first appeared on Beincrypto.
