Top 5 Cryptocurrencies: Potential Bullish Strength Explained! About to Break Out?

Decentraland (MANA)

One of the overlooked NFT tokens that sparked one of the huge bullish momentum in the entire crypto space, Decentraland. Along with SAND, the price of MANA has revitalized the NFT industry and spawned a number of interesting tokens. Currently, its price is tightly consolidating in a very narrow range, but it has maintained an upward trend.

Pyth Network (PYTH)

Pyth Network has been in a deep bearish trend and has broken below its key support area. Although 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 coin can be considered to be in the accumulation zone.

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 coin 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 is likely to break out and start a new uptrend.

Fantom (FTM)

The price of Fantom has been trading inside a widening ascending channel and after holding the lower support zone, it has triggered a fresh uptrend. Despite the recent downturn in the market, bulls have shown vigour, indicating a strong uptrend is likely. The price is very close to $1 and a slight bullish push could take the level above this area.

Ethena (ENA)

The ENA price is trading inside a descending wedge after a sharp correction from the highs. After the breakout, the price has increased to some extent. However, currently the price is experiencing a minor correction, which suggests that the coin is nearing the end of its correction phase. Apart from this, a steady uptrend is likely in the future that could potentially push the ENA price back to its highs.

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