A recent market behavior analysis highlights three American cryptocurrencies with bullish potential that are showing remarkable resilience. Despite a recent market downturn, the assets Horizen (ZEN), Basic Attention Token (BAT), and SUPRA (SUPRA) are displaying technical indicators that, according to TradingView data, suggest buying momentum and growing investor demand.
The value of Horizen (ZEN) has demonstrated significant strength. In fact, its price has registered an increase of almost 15% since the widespread market dip. This asset, native to a privacy-focused Blockchain, is currently trading at $14.37. Technical indicators, such as the MACD, are showing a bullish crossover. This suggests that buying momentum is outpacing selling pressure. If this positive trend continues, ZEN’s price could soon break the $15 barrier.
Which assets are leading the recovery?
On the other hand, the Basic Attention Token (BAT) has also experienced an impressive recovery. After an initial 23% drop, the utility token of the Brave browser recovered by 63%. It reached an eight-month high, trading at $0.2102. The token’s price has managed to position itself above its 20-day Exponential Moving Average, which now acts as key support. Trading above this average usually indicates strong bullish momentum in the digital economy.
Finally, SUPRA, the native token of the first blockchain designed for automated decentralized finance, shows clear signs of accumulation. Its price has risen steadily after a slight 10% dip. Furthermore, the Chaikin Money Flow (CMF) indicator is on an upward trend, which indicates an increase in capital inflow to the asset. This behavior reflects growing confidence from traders, who see a short-term growth opportunity.
A resilient market with new opportunities
The resilience of these three American cryptocurrencies with bullish potential demonstrates the growing maturity of the sector. Although volatility is an inherent characteristic, the ability of certain projects to recover quickly and show solid technical fundamentals is a key indicator for investors. The technology behind these assets solves specific problems, which gives them intrinsic value beyond speculation.
The performance of ZEN, BAT, and SUPRA could set a precedent for other American-based assets. The strength shown in an adverse market environment suggests that projects with solid technological foundations are more attractive for long-term capital. Investors will be closely watching the evolution of these tokens, as their future performance could confirm a new phase of leadership for cryptocurrency projects developed in the United States.
