Altcoins
JasmyCoin, ENA and LDO Price Prediction: Suggests a Bull Run!
The leader of altcoins, Ethereum price, successfully reclaimed the $3,900 mark last weekend adding about 5% to his portfolio. With this, ETH-based tokens continued to experience a similar bullishness to the market.
Additionally, major ETH tokens such as JASMY, ENA, and LDO have seen significant attention from the cryptocurrency market, resulting in these altcoins adding 44%, 30%, and 54% to their respective valuations over the past seven days.
Will Ethereum-Based Altcoins Lead the Next AltSeason by Outperforming Major Cryptocurrencies?
The ENA token forms a channel scheme
THE Ethena Price continues to witness bullish price action adding around 2% to its portfolio with a trading volume of $315.048 Million, a jump of 12.11% in the last day and 30.21% in the last seven days, indicating the growing interest of investors in this altcoin.
TradingView: ENA/USDT
Positively, Ethena price has formed a rising channel pattern on the 1D time frame, highlighting increased buying pressure for the altcoin in the crypto space.
Furthermore, the SMA supports the price chart, suggesting a strong bullish sentiment in the cryptocurrency market. However, the RSI shows bearish convergence, suggesting mixed sentiment.
If the market pushes the ENA price Above the $0.95 resistance level, the bulls will prepare to break out of the channel pattern and test its upper $1.030 level. However, bearish price action could push the price towards its support trend line this month.
Jasmy Price shows a successful rally:
After trading within a symmetrical triangle pattern since mid-February, the Jasmy coin price successfully recorded a breakout pattern last weekend, indicating a strong bullish reversal for the ETH-based token in the cryptocurrency market.
TradingView: JASMY/USDT
The technical indicator, MACD, shows a consistent bullish trend on the chart, suggesting an increase in positive sentiment for the altcoin. Furthermore, the averages show a significant increase, indicating a bullish outlook this week.
If the bulls continue to gain momentum, Jasmy coin price will break above its resistance level and test its upper high of $0.0350. Conversely, a bearish trend reversal could lead the altcoin to fall towards its support trend line.
Lido Dao on the verge of a big breakthrough!
THE LDO price it traded in a closed range between $1,840 and $2,235 for a period, after which the bulls lost momentum and broke its important support level. However, after testing the crucial $1.50 support, the bulls regained momentum. Since then, the price has been trading positively.
TradingView: LDO/USDT
The Cross 50/200 day EMA showed a bullish crossover on its chart, suggesting increased buying/selling pressure for the altcoin.
The Relative Strength Index (RSI) is on the verge of breaking out of its overbought range, highlighting a significant increase in bullish sentiment for the Price Lido Dao in the cryptocurrency market.
If the bulls keep the price above the $2.625 support level, the LDO price will prepare to test its $3 upper resistance in the coming time. Negatively, if the bears get the better of the bulls, the price will plummet towards the lower support level of $2.235.