Top 5 Cryptocurrencies You Can’t Miss: Potential Bullish Strength Explained! About to Break Out?
1: Decentraland (MANA)
One of the overlooked NFT tokens, Decentraland, once sparked a huge bullish momentum across the crypto space. Along with SAND, the price of MANA has revitalized the NFT industry and spawned many interesting tokens.
Currently, its price is tightly consolidating in a very narrow range, but it has maintained an upward trend.
2: Pyth Network (PYTH)
Pyth Network has been in a deep bearish trend and has broken below its key support area. While the bulls are showing some strength, the bears seem equally capable of limiting excessive bullish activity.
As long as the price is below $0.51, the token can be considered to be in the accumulation zone.
3: Sei (SEI)
Sei has received a lot of attention recently, with its price rising by more than 600% to reach above $1. However, the rebound once turned in favor of the bears and the token has been trading sideways.
This shows that the bulls and bears are maintaining equal strength in defending their respective resistance and support levels. After a huge compression, the price of SEI may break out and start a new uptrend.
4: Fantom (FTM)
The price of Fantom has been trading inside a widening ascending channel, and after holding the lower support zone, it triggered a new uptrend.
Despite the recent market downturn, bulls have shown vitality, indicating that a strong uptrend is likely. The price is very close to $1, and a slight bullish push may take the level above this area.
5: Ethena (ENA)
After a sharp correction from the highs, the price of Ethena is trading inside a descending wedge. After the breakout, the price has risen to some extent. However, the price is currently experiencing a small correction, which suggests that the coin is nearing the end of its correction phase. Apart from this, there may be a steady rise in the future, which may push the ENA price back to its highs.
If the coin is not selected well, the opportunity of this bull market will be greatly discounted. Leave a comment and I will help you analyze the position!
