Ethereum

Rally

Resistance

Ethena

Pyth Network

<p>The post <a href="https://coinpedia.org/price-analysis/altseason-alert-these-altcoins-to-lead-rally-amid-ethereum-eth-price-surge/">AltSeason Alert: These Altcoins To Lead Rally Amid Ethereum (ETH) Price Surge?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the altcoin leader, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price</a>, reclaiming the $3,800 mark, top tokens in the crypto market have experienced a significant bullish price action within the past few hours.</p> 
<p>Moreover, the ETH-based tokens have recorded the highest gains, indicating an increase in the buying-over-selling pressure in the crypto market. With the currency market sentiments, is this the right time to invest in altcoins? As the market shows a high possibility of a price rally this week.</p> 
<h2 class="wp-block-heading" id="h-ethena-ena-price-displays-bullish-rebound">Ethena (ENA) Price Displays Bullish Rebound:</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/ethena-price-prediction-2024-2030-will-ena-price-cross-10/" target="_blank" rel="noreferrer noopener">Ethena price</a> has recorded a significant jump of 17.83% with an 182.63% surge in its trading volume within the past day. Further, after hovering close to its support/resistance level of $0.750, the bulls have successfully recorded a bounceback within the consolidated range.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/lVhldl6TgiMndvHb9p_zhlEsFHCpY1B5dZcAn4xsrMca3Xvy_fJD3SqOxKzjgOJTqaEQXkXAi_a9Cc_VO-Q1QQ6uMcz8S3AzBheeGrlkvgA61r5hgoUItZN2gdbM1zxBgXJUz2-zaPmK6GAmP5_VFLA" alt="Ethena Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ENA/USDT
 </figcaption>
</figure> 
<p>Positively, with a trading price of ENA stands at $0.834, a market cap of $1.297 Billion, and a circulating supply of 1,520,312,500 ENA tokens, it has successfully claimed the 72nd spot on the global crypto market list.</p> 
<p>Moreover, the SMA shows a bullish curve, suggesting a positive outlook for the altcoin in the coming time. On the other hand, the RSI has recorded a sharp plunge after surpassing the over-bought range, with its average displaying an upward trend.</p> 
<p>If the market continues to gain momentum, the <a href="https://markets.coinpedia.org/ethena/" target="_blank" rel="noreferrer noopener">ENA coin price</a> will prepare to retest its $1 mark by the coming weekend. However, if the bearish trend intensifies, the Ethena price will plunge toward its support level of $0.750 this month.</p> 
<h2 class="wp-block-heading" id="h-ldo-price-breaks-out-of-its-important-resistance-level">LDO Price Breaks Out Of Its Important Resistance Level!</h2> 
<p>After recording a new yearly low of around $1.50, the <a href="https://coinpedia.org/price-prediction/lido-dao-ldo-price-prediction/" target="_blank" rel="noreferrer noopener">LDO price</a> has displayed a massive surge of 30.81% within the past 24 hours with a trading volume of $449.57 Million, a jump of 419.55%. Moreover, its intraday gains stand at +10.312%, suggesting a rising bullish sentiment for the altcoin.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/mXGJWTQQApXsMfAaTTprUp4xUNs7QrGm9qwNXKukneoowwcvl_sdAM9IlYaF5MYTUomCfrPw_8BL0sC3dYHtSzRBx0tQB_LxcjW91S7iUf7bY7IT-bHiTI8_kXZgV9ZwwozDsgIV6MkNQhN6NMzNbUQ" alt="Lido Dao Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: LDO/USDT
 </figcaption>
</figure> 
<p>The Cross EMA 50/200-day shows a bullish price convergence, suggesting a positive trend reversal in the crypto space. Moreover, the RSI displays a bullish sentiment by comfortably surpassing the mid-point with its head aligned toward the over-bought range.</p> 
<p>With this, if the market holds the <a href="https://markets.coinpedia.org/lido-dao/" target="_blank" rel="noreferrer noopener">Lido Dao price</a> above the support level of $2.235, the bulls will prepare to retest its upper resistance level of $3 during the upcoming week. Conversely, if the rally fades, the Lido token will record a bearish reversal in the chart and head toward its support of $1.84.</p> 
<h2 class="wp-block-heading" id="h-pyth-network-pyth-price-hints-a-bullish-breakout">Pyth Network (PYTH) Price Hints A Bullish Breakout:</h2> 
<p>Following the cross-border market rally, the <a href="https://coinpedia.org/price-prediction/pyth-price-prediction/" target="_blank" rel="noreferrer noopener">PYTH price</a> has displayed a jump of 10.25% with a change of +27.38% in its trading volume over the past day. Furthermore, the PYTH token has added approximately 50%, this year suggesting a positive outlook for this crypto token during the upcoming weeks.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/kXsaQvfbABzujrYTPitAAFZgefTQkomdYTdX34D50nEwhw3NHUVgxuJMgFfXZg7NQGryTohNGZ0U3zXtI_FvK-3e1mSXcLiePtMASeURYZnFjhTsheVwT6JsDzYLq6f5blUrsO8dxk3X6TowQghT3Ls" alt="Pyth Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: PYTH/USDT
 </figcaption>
</figure> 
<p>Despite trading in a descending channel pattern in the 1D time frame, the Pyth price has managed to hold its value above the support level of $0.4225, highlighting an increase in the bullish sentiment for the altcoin in the crypto space.</p> 
<p>Positively, the Simple Moving Average (SMA) displays a bullish crossover in the 1D time frame, suggesting a positive outlook for the altcoin in the coming time. Furthermore, the RSI successfully retested its oversold range, resulting in a strong bullish jump in the chart.</p> 
<p>If the market sentiments favor the bulls, the PYTH price will prepare to retest its upper resistance level of $0.7650 during the upcoming week. However, a bearish sentiment could result in the altcoin breaking down its crucial support level.</p> 
<h2 class="wp-block-heading" id="h-will-ethereum-based-tokens-ignite-an-altcoin-rally">Will Ethereum-based Tokens Ignite An Altcoin Rally?</h2> 
<p>The altcoin leader, Ethereum price, is on the verge of testing its upper resistance level of the $3,800 mark, highlighting a constant rise in the buying pressure and increased bullish sentiment within the crypto space.</p> 
<p>Suppose, the Ethereum spot ETF gets approved by the SEC, this could result in the Ethereum price surging towards its target price of $5,000 soon. Further, this could result in a possible altcoin season.</p>

AltSeason Alert: These Altcoins To Lead Rally Amid Ethereum (ETH) Price Surge?

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