Altcoins
With the Ethereum ETF listing, these 3 altcoins could double in value!
Cryptocurrency market gurus predict that Ethereal The ETF listing is finally coming next week. Therefore, the altcoin recovery rally is expected to become explosive. Some altcoins that are closely linked to the Ethereum blockchain and are known to fuel bullish movements are coming into the spotlight. In this context, according to analyst Sohrab Khawas, 3 altcoins could surge by 100% next week on the back of the Ethereum ETF approval. The analyst takes a closer look at the price charts and identifies bullish entry opportunities over the weekend.
Popular meme coin Floki (FLOKI) is in first place
With the Ethereum ETF coming next week, the Ethereum-based meme coin is primed for quick upward moves. Trading at $0.00014, FLOKI The price has fallen 56% from its peak of $0.00032. With a potential double bottom, the continued sideways trend after the big drop is leading to a reversal in the trend for the altcoin. Furthermore, the increasing chances of a bullish crossover on the MACD favor the bullish side. According to Fibonacci levels, the bull run in FLOKI price could reach the $0.00039 mark with the listing of the Ethereum ETF.
Source: Tradingview
TrueFi (TRU) takes second place
With a solid support trend line, the TRU token price is revealing a bullish cycle that is gaining momentum. TrueFi The token’s price action anticipates a rolling bottom reversal and retraces the 23.60% Fibonacci level to $0.13. With an intraday jump of 9.29%, the altcoin’s price action is forming a bullish engulfing candle, ensuring the continuation of the uptrend. Additionally, a bullish crossover on the MACD indicator supports the moving bull cycle. Considering the continuation of the uptrend with the listing of the Ethereum ETF, the TRU altcoin price could reach a peak of $0.25.
The Latest Altcoin That Ethereum ETF Approval Will Push Higher: Arbitrum (ARB)
With a market capitalization of $2.27 billion, Referee The 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 zone, the broader market recovery could result in an upside breakout. Furthermore, with the MACD and signal lines gradually gaining a bullish bias and alignment, the altcoin could rally almost 100% on a breakout. Currently, ARB price is trading at $0.7052 and is on the verge of breaking out of the above trend line. With the bullish trend and the Ethereum ETF listing, ARB price could reach the $2.18 level.
The opinions and forecasts contained in the article are those of the analyst and do not constitute investment advice. Kriptokoin.comWe strongly advise you to do your own research before investing.
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