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2024-06-09 09:46:52
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Besides, the SUI price has been printing massive bullish candles ever since the token triggered a rebound in mid-August. The price is consolidating within a narrow range but from a wider perspective, the price is in the last phase of a bullish pattern and hence a breakout from this range may assist the token to form a new ATH. The weekly price action of SUI suggests the token is about to form a double-bottom pattern and rise above the pivotal range. Currently, the weekly RSI has triggered a bearish divergence before entering the upper threshold, while the MACD shows a massive accumulation of buying pressure. Therefore, the SUI price is believed to initiate a fresh ascending trend with the beginning of the fresh quarter, which may assist the price to rise to new highs. $SUI
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Ethena (ENA) Price Analysis The Ethena price has been trading within a strong descending parallel channel and the recent upswing has pushed the price to the resistance The price is facing some bearish pressure and as a result, the price may face a small pullback However. The technicals remain in bullish favour as the RSI enters the upper threshold and the OBV rebounded from the lows and heads towards the upper threshold Therefore, the ENA price is believed to break out of the channel and trigger a 65% upswing to reach $0.7 in the next few weeks. $ENA
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Bittensor (TAO) Price Analysis After breaking above the expanding channel, the TAO price triggered a massive 80% upswing but failed to rise above $600 The price has broken above the consolidation zone between $590 and $520 and is trying to close the day’s trade above $600, validating a rise from the bearish influence The RSI remains stuck within the upper threshold, suggesting a breakout from the bull flag at the earliest With this, the Bittensor price is believed to trigger a huge bull run and mark a 4-digit figure before the end of the year.$TAO
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#Altcoins👀🚀 With yesterday's weekly close, we've probably seen the most important weekly close for Altcoins in 8 months. Looks like very strong resistance turns into support.👀🔥$ALT $TAO $ENA
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