The markets have been under storm as of late, but these three mid-cap altcoins are rock-solid picks to pay attention to once the skies clear. Covered: VeChain (VET) Near Protocol (NEAR) Oasis Network (ROSE) RECOMMENDED: THERE IS ONE BIG BLOW-OFF TOP FOR BITCOIN, SAYS ANALYST VeChain (VET) Kicking off this week’s list is the decentralized […] The post Three Mid-Cap Altcoins To Watch For The Week Of March 7th appeared first on CryptosRus.

Three Mid-Cap Altcoins To Watch For The Week Of March 7th

The markets have been under storm as of late, but these three mid-cap altcoins are rock-solid picks to pay attention to once the skies clear.

Covered:

  • VeChain (VET)
  • Near Protocol (NEAR)
  • Oasis Network (ROSE)

RECOMMENDED: THERE IS ONE BIG BLOW-OFF TOP FOR BITCOIN, SAYS ANALYST

VeChain (VET)

Kicking off this week’s list is the decentralized supply chain network VeChain (VET). VET had a hot start in 2021, ascending towards the top of the charts before getting overextended at $0.28. Despite the downtrend that VET has found itself in, however, the protocol’s quickly growing ecosystem is a bright shining light for the token’s future. The project has even grabbed attention from major crypto asset management firm Grayscale.

At the time of writing, VET is trading just under $0.05.

Looking at the weekly timeframe, VET has dropped down below the 50 and 100-day estimated moving averages (EMAs). As you can see, the last time VET traded under these moving averages was during its recovery from the March 2020 pandemic crash.

While bearish price action doesn’t look pretty, times like these present the greatest opportunity for when the crypto markets do turn around again. Assuming Bitcoin is close to finding its bottom, it may be a great time to start dollar-cost averaging into VeChain if you’re bullish on its long-term future.

Near Protocol (NEAR)

The next mid-cap altcoin is NEAR Protocol (NEAR). NEAR is a relatively overlooked layer-1 blockchain that had a terrific run-up to $20 in late 2021 while Bitcoin was setting new lows. It appears that big money sees a lot of potential in this blockchain, too, as it kicked off 2022 with a $150 million funding round led by some of the biggest investors in crypto, like Three-Arrows Capital, a16z, and others.

Its recent strength in the markets has since run dry, but its momentum may indicate that NEAR could have a quick recovery once the crypto markets turn around again.

At the time of writing, NEAR is trading at $10.03.

As you can see from the charts, NEAR had a strong breakout from this bullish falling wedge pattern after the capitulation that followed the onset of the Russian invasion of Ukraine. It’s found itself butting up against resistance from the 50 and 100-day EMAs, and while it’s not out of the woods yet, a reclaim above those moving averages could mark the start of another bullish wave higher.

For now, however, pay attention to that top trend line of the falling wedge. A confirmed retest of that upper trend line would bode well for the “NEAR” future and offer cheaper prices to find an entry before moving higher.

RECOMMENDED: STUDY SHOWS NEARLY 25% OF INVESTORS DUMPING STOCKS FOR CRYPTO

Oasis (ROSE)

Finally on this week’s list of three mid-cap altcoins is Oasis Network (ROSE). Oasis is a privacy-focused blockchain that’s been gaining momentum behind the scenes throughout 2021. In November, Oasis launched a $160 million Ecosystem Fund to develop DeFi, NFTs, Metaverse, data tokenization, and more on the platform. And to kick off 2022, Oasis capped off its funding round with a massive $40 million investment from none other than one of the largest crypto exchanges in the world, Binance.

At the time of writing, ROSE is trading at $0.23.

The ROSE chart seems to move relatively in-tandem with NEAR, interestingly enough. The protocol also had a hot run-up in later 2021, topping out around $0.58 before retracing to current levels.

Like NEAR, ROSE also formed a falling wedge pattern. However, unlike NEAR, ROSE has yet to break out from the pattern. Its most recent run got rejected at the upper trend line of this wedge, so it wouldn’t be a surprise to see it drop down to retest the bottom trend line as support.

That’s all for this week’s list of three mid-cap altcoins. While it may not feel fun, bearish markets present the most opportunity, so be sure to tune in next week to get a fresh set of altcoins to look into while prices are discounted.

The post Three Mid-Cap Altcoins To Watch For The Week Of March 7th appeared first on CryptosRus.