Top Altcoins Below $1 to Invest Before the Revival of a Fresh Bullish Spell
The post Top Altcoins Below $1 To Invest Before the Revival of a Fresh Bullish Spell appeared first on Coinpedia Fintech News
The crypto markets are consolidating as the Bitcoin price plunges below $61,000, circulating bearish waves within the markets. Meanwhile, altcoins have also begun to correct to some extent, which signals that the token may undergo a fresh ascending trend very soon. Here are some of the altcoins which are poised to reach $1 in the upcoming bullish spell.Â
Pyth Netwrok (PYTH)Â
Pyth Network gained huge attention as the prices soared above 400% since the start of the year which remained unaltered regardless of the bearish trend that followed
The price is trading within a descending parallel channel and is consolidating within a range from the past fortnight
The extreme consolidation suggests the bulls could soon gain dominance and elevate the levels to $0.5 initiallyÂ
As the selling pressure has intensified over time, it seems that the bulls may revamp a steep ascending trend as suggested by the bull-bear power
Once, the PYTH price sustains at these levels, then the path to $1 may be pretty clear without major hindrance
ZkSync (ZK)Â
zkSync has just begun its trading journey and hence is believed to demonstrate huge price action in the coming days
The RSI has maintained an incremental trend, due to which the price is on the verge of completing the parabolic recovery to reach the neckline
The neckline around $0.232 to $0.23 can be considered extremely crucial, as the bulls are expected to fall weak at these levels
Meanwhile, if they display some strength at these levels, then the price could trigger a fresh rise to form a new ATH above $0.3
By then, market sentiments may have turned bullish, which could trigger a fresh ascending trend, discovering new highs in the latter half of 2024
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