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Traditionally, July is associated with solid gains. Thus, it is necessary to select high quality crypto projects that have more prospects for delivery in a bear market and beyond.
In this article, three hot picks, namely KAS, ENS and BRETT, have been shared to watch out for this month.
Kaspa (KAS) Stays at the Top: What’s Next?
KAS made a rounding bottom formation and recorded a fresh breakout, leading to a new ATH mark of $0.198 this week. Amidst the volatile market, the token failed to attain follow-on gains and stayed at the highs.
The uptrend is intact and the token is poised to carry forward the bullish moves ahead. Until the downside mark of $0.1700 was secured by the mighty bulls, the token remained positive.
Source: TradingView
At press time, Kaspa token was trading at $0.1860 with an intraday gain of 4.01% signifies bullishness on the charts. The token has a market cap of $4.47 billion and has a total supply of 24.08 billion.
In terms of market cap, KAS was ranked 26 and its on-chain metrics reflected bullishness. Analysts reflected a positive outlook. KAS might reach a high of $0.2500 mark in the next few weeks.
Could Ethereum Name Service (ENS) Reach the $50 Mark this Month?
After four months of consolidation, Ethereum Name Service (ENS) bulls breached the crucial hurdle of $30 and are set to ascend to the $50 mark.
Buyers have gained traction and look confident about making long positions. Sellers on the other hand, looked trapped and covered their short positions.
Source: TradingView
At press time, Ethereum Name Service (ENS) token was trading at $32.20 with an intraday gain of 2.32 %, reflecting strong buying momentum on the chart.
In terms of market cap, ENS was ranked 82, and had a market cap of $1.02 Billion. Moreover, analysts reflected bullishness and suggested that the token might extend the rise toward the $50 mark soon.
Could Brett (BRETT) Resume the Bull Rally Beyond the $0.2000 Mark?
The memecoin based on the Base Network, BRETT looked bullish and decisively held gains. After May 2024, BRETT gained traction rose over 400% to its All-time-high (ATH) mark of $0.1939 this month.
The price action revealed a massive higher high formation and a bullish flag pattern was observed on the chart.
Source: TradingView
At press time, BRETT was trading at $0.1649 with an intraday gain of 3.28% reflecting buying momentum on the charts. In terms of market cap, BRETT was ranked at 60, and had a market cap of $1.64 Billion.
If the memecoin closes above the trendline barrier of $0.1750, the buying momentum could take it toward the $0.2000 mark.
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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
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