Ethereum

Bitcoin

Synthetix

Challenge

<p>The post <a href="https://coinpedia.org/price-analysis/will-the-altcoins-snx-and-ens-price-skyrocket-100-this-week/" rel="noopener noreferrer nofollow">Will The Altcoins SNX and ENS Price Skyrocket 100% This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As the Bitcoin and Ethereum price aims for a bullish week, the altcoins siphon additional momentum in the market for a quick jump. With a trend reversal anticipation in Synthetix and the bull run gaining momentum in ENS, the buyers expect a massive jump this week.</p>
<p>Following the Ethereum ETFs approvals, the altcoins are on a bullish roll as the sentiments improve to fuel trend momentum. In this recovering market, the SNX and ENS prices project a potential bullish surge for a moonshot this week.&nbsp;</p>
<p>Let’s take a technical look at their price chart and determine the chances of a surge this week.&nbsp;</p>
<h2 class="wp-block-heading" id="h-ens-price-aims-28-break-for-60-upside">ENS Price Aims $28 Break For 60% Upside</h2>
<p>With a massive jump of almost 80% last week, the ENS price jump makes a bullish engulfing candle in the 1W chart. Further, the bull run in the altcoin undermines the bearish influence noticed last month.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/d0jOMdytIXEeFlvhFtA9Tt9Cs8STmwFgNPCpOXrWJWlhydVZab6VSNXdZRSDJvRMNZEtsJe2cb1952UD0qdsAeX1z_PQA4EvntdPvpGKmx8swcI4PdJzE2wnskbfwb1hpryw4Guz91-KgK2AH6keHls" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/2i7BOn3V/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>As the Ethereum Naming Service price surpasses the 23.60% Fibonacci level, the buyers challenge the $28 supply zone. With a bullish breakout, the extended uptrend could surpass the 50% Fibonacci level at $41.58.&nbsp;</p>
<p>Optimistically, the buyers can reach the $50 psychological mark by the end of this week if the momentum is sustained.&nbsp;</p>
<h2 class="wp-block-heading" id="h-morning-star-in-snx-price-soon-to-challenge-4-zone">Morning Star in SNX Price Soon To Challenge $4 Zone</h2>
<p>Amidst the broader market bull run, the Synthetix altcoin siphons additional momentum to kickstart a recovery rally. With a 17% price jump last week, the SNX price action completes a morning star pattern in the 1W chart.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/XMg1M43NbEo2yDOk7smqdgwsYy4W4QpfEBkAklth2HUei4OVXSVeYDtcX6xHKiAaUa2W3VPtJ0olLIoNl4xsgPJVEa4_tvxldg47RGrBfLVVGNAtY6j6CKdrRHOzaJwo9bgdNf7fnTIxOhTllvfhtxM" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/knAMxPuR/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>With this recovery, the trend reversal chances in altcoin has increased significantly. An extended recovery this week will challenge the $5 supply zone for a breakout run.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-these-altcoins-explode-this-week">Will These Altcoins Explode This Week?</h2>
<p>With the increasing likelihood of a bullish breakout, the altcoin prices are ready for a massive jump beyond the critical resistances this week. Therefore, the sideline traders and the long-term HODLers can witness relief and increased demand this week.&nbsp;</p>

Will The Altcoins SNX and ENS Price Skyrocket 100% This Week?

Table of Contents

CoinPedia News

Other articles published on May 27, 2024

Here’s why Ethana price is up

Notcoin price prediction: These are the next key levels for NOT

Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

BlockDAG’s X100 Miner Drives 800% Coin Price Surge: Solana ETF Buzz & Monero Price Trends Highlig...

Mining Made Easy: BlockDAG Turns SmartPhones to Miners with X1 Mining App Amid Ripple Collaborati...

Cryptocurrency Polygon Rises More Than 4% In 24 hours

Join our free newsletter for daily crypto updates!