Top Altcoins Of The Week With Huge Potential: QNT, OM, And TON

• QNT leads the pack with a weekly rise of over 28%.
• At press time, the global crypto market cap rose 1.94% to $2.09 Trillion.

After a significant consolidation in the crypto market since mid-August, signs of positive developments have been reflected. Among the top 100 crypto altcoins, few have validated their strength and are poised to resume their gains ahead.

Quant (QNT), MANTRA (OM), and Toncoin (TON) were some of the altcoins that reflected promising signs of upward movement. This upward movement could positively boost their gains in the coming sessions.

Here’s a detailed analysis of these top altcoins of the week with huge potential to watch out for.

Quant (QNT) Breaks Out: Will It Approach $100 Mark?

Quant stayed at the top of the weekly gainers list and reflected massive potential on the chart. With a confirmed trend reversal and a falling channel pattern breakout, QNT crypto is set to glorify the uptrend.

The significant surge is primarily due to the validation of the staking on the Overledger platform on the Quant ecosystem, which fueled the positive sentiment among the investors.

The QNT price was trading at $74.88 at press time. It attained a weekly surge of over 28%, representing signs of accumulation.

MANTRA (OM) Gained Traction: Will It Revisit Its ATH Mark?

MANTRA emerged as the second-top altcoin of the week with huge potential and has escaped the monthly consolidation zone. With a bullish streak of five days, the OM crypto price has gained by over 23%. Also, the price has crossed the $1 mark with a substantial volume surge.

Moreover, a golden crossover was exhibited, which signals a short-term upward movement is intact. Following this, the altcoin could resume its uptrend.

MANTRA was trading at $1.09 at press time. It boasted a market cap of $1 Billion and a circulating supply of 919.93 Million.

The RSI line represented a vertical rise and reached the overbought zone per the technical indicators. This conveyed cues of buying momentum. Similarly, the CMF reading was at 0.13, representing the increased capital inflows in the market. It might resume the bullish rally.

In case of rejection, the immediate support was around the $1 mark. At the same time, the next barrier on the upside was close to $1.250.

Toncoin (TON) Bulls Show Resilience

The Toncoin price was gliding at gains again as the positive cues reverted. This week was like a daydream for the TON holders, as the altcoin has registered a massive reversal from the bottom.

Recovering over 24% in a week from the channel lower region, the TON price has crossed the 200-day EMA level. It aims to crack the trendline hurdle of $6.

With a volume surge of over 56%, the TON crypto is a strong contender to watch for a breakout in the coming sessions. A daily close above the $6 mark would validate the breakout, and the altcoin could register a rally ahead.

At press time, TON was trading at $5.69, with an intraday rise of over 2.39%. It has a market cap of $14.42 Billion and is positioned as the 9th largest crypto among the top 100.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.