Pyth Network (PYTH)
Pyth Network has gained a lot of attention as its price has surged by more than 400% since the beginning of the year and has remained unchanged regardless of the subsequent bearish trend.
The price is trading within a descending parallel channel and has been consolidating in a range for the past two weeks.
The extreme consolidation suggests that bulls may soon take control and initially push the price to $0.5.
As selling pressure intensifies over time, bulls appear likely to reshape the steep uptrend, as suggested by the bull-bear power
Once PYTH price maintains these levels, then the path to $1 may be quite clear without major obstacles. Join the community group and add +V: BTC4390
ZkSync（ZK）
zkSync has just started its trading journey, so I believe there will be huge price action in the coming days.
The RSI maintains the incremental trend, so the price is about to complete the parabolic rebound and reach the neckline
The neckline around $0.232 to $0.23 can be considered extremely critical as bulls are expected to decline at these levels
Meanwhile, if they show some strength above these levels, the price could spark a fresh increase to form new highs above $0.3.
By then, the sentiment may have turned bullish, which could spark a new uptrend and set new highs in the second half of 2024.
Conflux（CFX）
The recent pullback appears to be the end of the bullish trend as prices declined after forming a peak
However, as the RSI is testing the average range again and trying to surpass the level, the possibility of a trend reversal has emerged
Unfortunately, bears are dominating the market, hence the price may face a minor correction as well.
After a minor decline of nearly 18% to 20%, CFX price is expected to start a new increase and maintain a sharp uptrend to reach the upper resistance zone of $0.21
In the final quarter, the market is expected to become more optimistic, which could trigger a new upward trend and reach $1 in the last weeks of 2024.
ENA
Ethereum price has been in a sharp downtrend since it started trading and formed highs
The price hit a new high close to $1.5 and the coin is struggling to rebound after hitting the bottom
Therefore, expect the price to return to $0.50 any time from now and could go above $0.65 by the end of the month
The RSI has bottomed out and could trigger a rebound, validating the bullish trajectory and aiming for the upper limit
Therefore, the ENA price is expected to remain above $0.8 and may reach $1 in the coming months
Mantle (MNT)
The MNT price has broken below a key ascending trendline and bottomed out below the support area at $0.8
The price is consolidating sharply in the support area and a massive breakout is expected soon
As the RSI has reached its lower limit, a rebound is expected to resume a new uptrend above 50
Such a move could lead the price above $1, but it could also hit the overhead resistance near $1.5.
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