This past week has been quite positive for “made in America” coins, especially with the House moving forward on several significant pieces of cryptocurrency legislation. A key development was the recent signing of a bill by President Trump, marking the first official regulation for cryptography in the nation.
With this upbeat trend continuing, Beincrypto took a look at three US coins that might be set to gain more traction financially.
Constellations (DAG)
DAG emerged this week as one of the top-performing tokens, with a 14% increase in just the last 24 hours.
Now trading at $0.043, DAG shows strong upward momentum fueled by robust market sentiment. If this bullish trend persists, there might be even more growth ahead for the token.
The Parabolic SAR positioned under the candlesticks suggests that DAG is in an active uptrend. Should this momentum continue, it could test the resistance level at $0.045, potentially pushing towards $0.052.
However, there’s a chance that if the market turns bearish, DAG’s price might struggle. If it loses momentum, it could drop to around $0.038, which would undermine the optimistic outlook and signal a potential shift for this Altcoin.
Helium (HNT)
This week, HNT soared by 33% to reach $3.86, marking a high not seen in nearly two months. It’s currently encountering significant resistance at $4.18, which it has had difficulty breaking through since May.
If HNT can overcome this barrier, it could pave the way for further price increases and maintain its upward trajectory.
The Chaikin Money Flow (CMF) indicator hints at stronger buying activity compared to May, suggesting increased investor confidence, which might support HNT surpassing its resistance.
Ongoing demand could propel HNT even higher, possibly leading to new price peaks.
Yet, it’s worth noting that ongoing sales from investors pose a risk. Without solid support at $3.83, HNT could decline to its next support level of $3.13. Falling below this could invalidate the current bullish projections and indicate a market correction.
A Stocky Penguin (Pengu)
This week, Pengu surged 43% to $0.033, and it’s currently just 40.7% below its all-time high of $0.046. Strong support from investors will be crucial for this Altcoin to regain that level, as maintaining upward momentum in the short term is important.
Given Pengu’s steady rise over the last few days, it may be on track to target the next resistance at $0.040. Achieving and holding this level will be key to climbing back up to an all-time high of $0.046, sustaining the positive trend observed in recent trading.
If the bullish outlook falters, though, Pengu could face consolidation beyond the $0.029 support level. In such a scenario, the optimistic trends might become invalid, leading to downward pressure that could hinder further gains for the Altcoin.
