Altcoins
These Altcoins Reveal 100% Upside
With cryptocurrency market pundits predicting that the Ethereum ETF listing will finally happen next week, the recovery rally in altcoins is expected to be explosive. Moreover, with high expectations of BTC prices rising above $60,000, these small-cap cryptocurrencies offer huge upside potential.
Tightly connected to the Ethereum blockchain and known to amplify bullish movements, these altcoins could surge by 100% next week with the approval of the Ethereum ETF. So, let’s take a closer look at their price chart and determine the bullish entry opportunities over the weekend.
Altcoins to Watch with Ethereum ETF Price: Floki (FLOKI)
With the Ethereum ETF coming next week, the Ethereum-based meme coin is a great choice for quick upward moves. At $0.00014, FLOKI price is down 56% from its peak of $0.00032.
With a potential double bottom, the ongoing sideways trend after the massive decline teases a reversal for the altcoin. Furthermore, the increasing chances of a bullish crossover in the MACD strengthen the bullish side.
Based on Fibonacci levels, the FLOKI price rally could reach $0.00039 with the listing of the Ethereum ETF.
TrueFi (TRU)
With a solid support trend line in play, TRU token price reveals a bullish cycle that is gaining momentum. TrueFi token price action is predicting a reversal of the rounded bottom and reclaiming the 23.60% Fibonacci level at $0.13.
With an intraday jump of 9.29%, the altcoin’s price action creates a bullish engulfing candle and teases the continuation of the uptrend. Furthermore, the bullish crossover in the MACD indicator reinforces the moving bull cycle.
Considering that the bullish trend continues with the listing of the Ethereum ETF, the price of the altcoin TRU could reach the peak of $0.25.
Referee (ARB)
With a market cap of $2.27 billion, Arbitrum’s price trend is on the verge of a bullish breakout on the daily chart. As the ARB token price forms a falling wedge pattern and approaches the bottleneck area, the broader market recovery could result in a breakout to the upside.
In addition, the MACD and signal lines are gradually gaining an uptrend and alignment, the altcoin could rally almost 100% if it breaks. Currently, ARB price is trading at $0.7052 and is on the verge of crossing above the overhead trend line.
With a bullish breakout and the listing of the Ethereum ETF, ARB price could reach the $2.18 mark.