Crypto market experts expect altcoins’ recovery rally to culminate as an Ethereum ETF is expected to be listed this week. In addition, with Bitcoin prices breaking through $61,500 at one point, hitting a two-week high, these low-cap cryptocurrencies show great upside potential.
These altcoins are closely tied to the Ethereum blockchain and are known for amplifying bullish trends. With the approval of the Ethereum ETF, these altcoins could see a 100% surge in the next week. So, let’s take a detailed look at their price charts and identify bullish entry opportunities this weekend.
Even Justin Sun, the founder of Tron, who plays an important role in the market, has accumulated $1.1 billion worth of Ethereum. They are making such a big move in order to welcome the possible skyrocketing surge in the future.
Floki(FLOKI)
With an Ethereum ETF set to be launched next week, Ethereum-based meme tokens are a great choice for a quick surge.
FLOKI is trading at $0.00014, down 56% from its peak of $0.00032.
A sustained sideways trend after a sharp decline signals a trend reversal for the altcoin as a double bottom is likely to occur.
According to the Fibonacci levels, the bull run in FLOKI price could reach the $0.00039 mark with the listing of Ethereum ETF.
TrueFi (TRU)
$TRU token price shows that the bull cycle is gathering momentum, supported by a solid support trendline. TrueFi token price action is signaling a bottom reversal and retaking the 23.60% Fibonacci level at $0.13.
Rising 9.29% intraday, the altcoin price action formed a bullish engulfing candle, suggesting that the uptrend will continue. Moreover, a bullish crossover in the MACD indicator reinforces the bull cycle trend.
Considering that the upward trend will continue with the listing of Ethereum ETF., the TRU altcoin price may reach a peak of $0.25.
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RNDR
RNDR, short for Render Token, is a beacon of potential in today's choppy markets. The token powers OTOY's network, allowing users to rent GPU computing power to perform rendering tasks. Despite the market crash that mirrored the pattern of 2021, RNDR continues to shine. Its innovative technology helps artists and creators by reducing rendering time and costs. As the demand for digital content soars, RNDR's real-world use cases make it attractive. Many believe that it will perform strongly in this bull market and altcoin season.
