The demand for Decentralized Physical Infrastructure (DePIN) tokens in the cryptocurrency market has surged recently. Livepeer (LPT) has shown a strong bullish trend, with its portfolio growing by 87.95% since the start of the month. OriginTrail (TRAC) has reclaimed the $1 mark and formed a rounding bottom pattern, indicating increased buying pressure. As investors eagerly await the Securities and Exchange Commission’s decision on the spot ETH ETF approval, DePIN tokens have gained significant attention, leading to price volatility in the crypto space. In this article, we explore the top three DePIN tokens that have the potential for massive growth during the upcoming Altseason.
Livepeer (LPT) has exhibited a bullish momentum, resulting in an impressive 87.95% increase in its portfolio since the beginning of the month. In the past 24 hours, LPT has seen a 6.45% jump in price and a substantial 134.79% increase in trading volume, reaching $169.24 million. If the price surpasses the resistance level of $23.560, LPT could potentially test its upper resistance level of $27.50 this month. However, a trend reversal could cause a loss of momentum, with the price falling back to the support level of $20.150.
OriginTrail (TRAC) has reached a significant milestone by reclaiming the $1 mark and forming a rounding bottom pattern in its price chart. This pattern indicates growing buying pressure for the DePIN token, as seen in TRAC’s 18.50% gain over the past seven days. If the bulls successfully break out of the current pattern, TRAC’s price has the potential to rally towards its upper resistance level of $1.310 in the near term. Conversely, if bearish sentiment prevails, the token could experience a pullback, retreating to the lower support level of $0.770.
Node AI (GPU) has shown impressive growth, with a 9% increase in value in the past 24 hours and a substantial 16.94% surge in trading volume, which now stands at $2.266 million. The altcoin’s price chart has formed a symmetric triangle pattern in the 1D time frame, with the price currently hovering near the resistance trendline. If the bullish momentum continues and the price breaks above the resistance trendline, GPU could potentially rally towards its upper resistance level of $2.8050. Conversely, if bearish pressure takes hold, the price could retrace back to its support trendline.
With the anticipation of the SEC’s approval of the spot Ethereum ETF, the cryptocurrency market is experiencing heightened price volatility. This has signaled an increasingly bullish sentiment among investors, potentially leading to a rally for top altcoins.