Kaspa was a hot story in 2023 and for most of 2024. The KAS price stopped its high pumps earlier this year, although it’s still steady and not losing a lot of value during market downturns.
However, Kaspa already has a market cap of around $4 billion, so if you’re chasing 10-20x returns, you might want to look for lower-cap coins with strong fundamentals and use cases similar to KAS.
Tectum’s TET is a project that I’ve been following for months now. The TET price pumped 12% today and is now trading slightly below the $11 range.
What you'll learn 👉
TET Price Prediction and Analysis
TET has been one of the top gainers recently, showing a significant shift in its price trend. After a steep downtrend from early May to late August, dropping from the $30 range to below $6, the price has formed an ascending channel since mid-August, indicating a change in sentiment.
This ascending channel shows the price making higher highs and higher lows, with the lower boundary acting as support and the upper boundary as resistance. Currently, TET is trading near the lower portion of this channel, hinting at potential upward movement.
The 200-day moving average sits at approximately $12.86, still well above the current price level of $10.84. This suggests that while there’s positive momentum in the short term, the long-term trend remains bearish. A cross above the 200-day MA would likely signal a strong bullish continuation.
There’s a price target of $19 mentioned, based on the extension of the current ascending channel. However, the price might not move straight to this level but could experience some consolidation and pullbacks along the way.
The RSI on the daily timeframe is at 57, suggesting that the asset is in a neutral to slightly bullish zone. It’s not yet overbought, indicating there may still be room for upward movement.
Key levels to watch include support around the $10 mark and resistance near $12-$13, coinciding with the 200-day MA at $12.86. A break above this could trigger a rally toward the $19 target.
Read also: Tectum Wins the Best Blockchain Innovation Award, TET Price Explodes
Of course, any higher ROIs and KAS-like runs will depends on Tectum’s development activity and the broader crypto market situation. More on the former in the next section.
Top Analyst Bullish on TET
An analyst known as “ProjectW” posted a viral tweet about Tectum today. He stated, “TET should be on your watchlist if you’re still seeking solid altcoins. You should always bet on well-doing teams with a lot of updates.”
ProjectW went on to list several recent updates, including improvements to the SoftNote Wallet Mobile App, Light Node enhancements, wallet redesigns, and new partnerships with Flooz and Tilted.
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