Altcoins
Top altcoins under $1 other than XRP and ADA to consider before the next bull wave
Markets appear to be stuck in a downtrend, while some altcoins carry a hidden bullish divergence. These are expected to activate as soon as the Bitcoin price shows some strength and surpasses the current ATH to reach $75,000. However, until then, the markets could see a brief recovery, which could be a good time to accumulate some.
Decentralized (MANA)
Decentraland is among the lost NFT tokens, which once triggered massive bullish momentum in the entire crypto space. MANA price, along with SAND, has revitalized the NFT space, where many intriguing coins have blossomed. Currently, the price is consolidating in a very narrow range, but has maintained an ascending trend. Levels around $0.5 appear to be crucial and a rise beyond these levels could trigger a new recovery in the future.
Pyth Network (PYTH)
Pyth Network has dried up inside a deep downtrend and has reached the lower level of the crucial support zone. Although the bulls are showing some strength, the bears appear to be equally capable of limiting excessive bullish activity. Therefore, as long as prices are trading below $0.51, the token can be considered to be in an accumulation zone. Once these levels are broken, PYTH price can begin a new recovery.
Six (SIX)
Sei has also gained enough attention lately, so much so that prices have increased by more than 600% to above $1. However, the rally turned in the bears’ favor for a while and continued to move sideways for a while. This was an indication that the bulls and bears maintained equal strength as they continue to defend their respective resistance and support levels. After undergoing an extreme squeeze, the SEI price may break out again and soon begin a new recovery.
Fantom (FTM)
Fantom price was trading inside an expanding ascending channel and after defending the lower support zone, it triggered a new increase. Even though the price has fallen to some extent, the bulls have shown some strength, so the probability of a healthy recovery continues to prevail. However, the price is very close to $1 and a slight bullish push could lift the levels above the range.
Ethena (ENA)
Soon after facing a huge pullback from the highs, ENA price traded inside a descending wedge and after a breakout, the levels moved higher to some extent. However, the price is experiencing a small pullback, which suggests that the token is nearing the end of the retracement phase. Beyond that, a nice rally could be on the horizon, which could bring the ENA price back towards its highs.