Rally

Manta Network

Bitcoin

Helium

James

Crypto Price Prediction: This week, the cryptocurrency market experienced a respite from recent selling pressures, initiating a relief rally as the BTC price rebounded above $41,000. On January 26th, <a href="https://coingape.com/crypto-prices-today-bitcoin-nears-42k-pepe-coin-crashes-30/" rel="noopener noreferrer nofollow">Bitcoin</a> witnessed a 5% increase in value, leading to a significant $40 million liquidation of short positions. This short squeeze played a pivotal role in providing support for several major cryptocurrencies, setting the stage for a potential bullish reversal.
Amid this upward movement, BlackRock’s <a href="https://coingape.com/bitcoin-etf-google-to-start-allowing-etf-related-ads-by-the-end-of-january/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded fund</a> (ETF) achieved a notable milestone, reaching $2 billion in assets under management (AUM). This achievement positions it just ahead of Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw an influx of $1.8 billion over the past 10 days. This development underlines the growing investor interest and confidence in cryptocurrency-related investment products.
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 Yes, the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> price has pushed <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a>'s assets beyond $2 billion. This plus likely new flows today should mean it will be above $2 billion at close <a href="https://t.co/IgOmEYB3qw" rel="noopener noreferrer nofollow">https://t.co/IgOmEYB3qw</a> <a href="https://t.co/qFDZsvylo9" rel="noopener noreferrer nofollow">pic.twitter.com/qFDZsvylo9</a>
 — James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1750944975901086199?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 26, 2024</a>
</blockquote>
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With an opportunity to trigger new recovery, the crypto holder can keep a close eye on Ethereum (ETH), Helium(HNT), and Manta Network(MANTA).
<h2 id="b-fake-breakdown-sets-ethereum-eth-price-rally-for-2700-b">Fake Breakdown Sets Ethereum (ETH) Price Rally for $2700</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/1/1VIYeBSe.png" alt="Ethereum (ETH) Price" width="1815" height="836">
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 Ethereum (ETH) Price| TradingView Chart
 </figcaption>
</figure>
During the January downturn in the cryptocurrency market, <a href="https://coingape.com/blog/ethereum-facts/" rel="noopener noreferrer nofollow">Ethereum</a>, a major player in smart contracts, experienced a notable 20% decline. Its price plummeted from $2714 to $2166, breaking below the support of an ascending channel pattern.&nbsp;
This marked the end of an 11-week bullish rally, casting a bearish outlook for Ether’s future. However, in a turn of events, <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum Price</a> mirrored Bitcoin’s resilience, bouncing back from the $2200 mark mid-week.&nbsp;
Currently trading at $2269, this recovery redefines the prior drop as a deceptive bear trap. If ETH maintains this momentum above key levels, it could signal a revival, potentially climbing back to the $2700 mark, thus indicating a strong comeback and renewing investor optimism.
<h2 id="b-helium-hnt-price-consolidation-prepares-a-60-upsurge-b">Helium (HNT) Price Consolidation Prepares a 60% Upsurge</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/6/6g6yq2kC.png" alt="Helium (HNT) Price" width="1815" height="836">
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 Helium (HNT) Price| TradingView Chart
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For the past month, Helium (HNT) has experienced a stagnant price movement, oscillating within a range defined by two converging trend lines. Analyzing the daily timeframe chart reveals this phase of consolidation as a bullish <a href="https://coingape.com/education/pennant-pattern/" rel="noopener noreferrer nofollow">pennant pattern</a> formation, a structure typically associated with regaining bullish momentum for new recoveries.&nbsp;
Amid a market-wide relief rally, the <a href="https://coingape.com/price/helium/" rel="noopener noreferrer nofollow">Helium price</a> has risen from $5.5 to $7.69, marking a significant 38.7% increase in just four days. To rejoin the recovery trajectory, buyers need to break through the upper trendline of the pennant. Successfully doing so could potentially trigger a 60% rally, propelling the altcoin’s price towards $12.6.
<h2 id="b-will-manta-network-manta-price-continue-its-recovery-b">Will Manta Network (MANTA) Price Continue its Recovery</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/y/YcI5a8wV.png" alt="Manta Network (MANTA) Price" width="1815" height="836">
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 Manta Network (MANTA) Price| TradingView Chart
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</figure>
In the recent crypto market upswing, <a href="https://coingape.com/blog/is-manta-network-worth-the-hype/" rel="noopener noreferrer nofollow">Manta Network</a> has distinguished itself as a top weekly gainer. It soared from a low of $2.2 to $3.68, marking a 67% rally within four days. This impressive ascent is neatly encapsulated within a wedge pattern on the daily timeframe chart, characterized by two converging trendlines.&nbsp;
Currently, <a href="https://coingape.com/markets/manta-network-price-prediction-will-manta-lose-2/" rel="noopener noreferrer nofollow">MANTA price</a> is witnessing a 5% intraday gain, signaling an imminent retest of the pattern’s upper trendline. While this key resistance might prompt a slight retracement, the prevailing recovery trend is expected to continue, as long as the integrity of the wedge pattern is maintained.
<h3 id="related-articles">Related Articles:</h3>
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 <li><a href="https://coingape.com/bitcoin-revealed-a-cautious-pre-halving-tale-with-dips-and-recovery/" rel="noopener noreferrer nofollow">Bitcoin Revealed a Cautious Pre-Halving Tale With Dips And Recovery</a></li>
 <li><a href="https://coingape.com/markets/top-3-cryptos-to-buy-today-january-26-btc-eth-bonk/" rel="noopener noreferrer nofollow">Top 3 Cryptos To Buy Today January 26: BTC, ETH, BONK</a></li>
 <li><a href="https://coingape.com/top-analyst-predicts-bitcoin-price-to-jump-49k-heres-why/" rel="noopener noreferrer nofollow">Top Analyst Predicts Bitcoin Price To Jump $49K, Here’s Why.</a></li>
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The post <a href="https://coingape.com/markets/crypto-price-prediction-today-january-27-eth-hnt-manta/" rel="noopener noreferrer nofollow">Crypto Price Prediction For January 27: ETH, HNT, MANTA</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For January 27: ETH, HNT, MANTA

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