As August started, the crypto market faced some challenges, particularly for the “Made in USA” coin. Trading volumes dropped as investors looked to cash in on the profits from a robust July. In fact, over the past week, the global crypto market cap decreased by 5%, suggesting a dip in demand and a general cooling off across the board.
Yet, despite this slowdown, certain “Made in USA” tokens are attracting attention for their potential to buck the trend. Here are three altcoins worth keeping an eye on this month.
Omni Network (Omni)
Omni has seen a 72% increase in just a week. Even with the overall market’s decline, it has reached impressive profits, positioning it as a notable coin in the first week of August.
The daily chart’s MACD indicator for Omni shows a bullish trend—right now, the MACD line (blue) is above the signal line (orange).
MACD helps traders detect price movement trends and can signal potential buy or sell opportunities based on crossovers between the MACD line and the signal line. When the MACD line is above the signal line, it typically suggests positive momentum and is seen as a buying opportunity.
Should accumulation continue, the token could surpass $4.60. However, if demand wanes, its price might drop to around $3.83.
Story (IP)
Currently priced at $5.71, Story has increased by 24% over the last three weeks, making it another intriguing USA coin to watch this August.
Looking at the IP/USD daily chart reveals it has been trading within rising parallel channels since July 11th. This pattern consists of two upward sloping trend lines, illustrating a consistent bullish trend.
If it maintains support near the bottom of this channel and accumulation continues, the altcoin could rebound to approximately $6.46. However, if it breaks below this support level, we might see a decline to around $4.92.
Zebec Network (ZBCN)
ZBCN has surged nearly 30% over the past week, making it stand out among altcoins during early August.
Daily charts indicate a stable rise in the smart money index for this token, highlighting strong backing from key holders. Currently, the SMI stands at 1.
This index measures the actions of experienced investors by analyzing behavior during the transaction day’s initial and final hours. A decrease could suggest these holders are selling off, indicating expectations of a price drop. Conversely, an increase in the index may signal rising buying activity. If demand keeps up, ZBCN could exceed $0.0053, but if buying pressure softens, its price might dip to $0.0047.
