2024

Bitcoin

Ethena

Pyth Network

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoins-below-1-to-invest-before-the-revival-of-a-fresh-bullish-spell/" rel="noopener noreferrer nofollow">Top Altcoins Below $1 To Invest Before the Revival of a Fresh Bullish Spell</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto markets are consolidating as the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> plunges below $61,000, circulating bearish waves within the markets. Meanwhile, altcoins have also begun to correct to some extent, which signals that the token may undergo a fresh ascending trend very soon. Here are some of the altcoins which are poised to reach $1 in the upcoming bullish spell.&nbsp;</p>
<h2 class="wp-block-heading" id="h-pyth-netwrok-pyth-nbsp">Pyth Netwrok (PYTH)&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc1PuOxYWiCqipL2aoPSfkuOwQApqJp0Sa9CmHNyPxwfMxqp52W-gjrDx-WGw3SNguUQNkto7d_GIWiDaHp1Og_Tf08zN_ad8Fwkgx3XkVkTyzij8HSjrXXDMrdyfKbQINaAWnQ39Aj2tjHvL5Izgt1wM3K?key=mThD77pyc_vnPnPYIyOhVQ" alt="">
</figure>
<ul>
 <li>Pyth Network gained huge attention as the prices soared above 400% since the start of the year which remained unaltered regardless of the bearish trend that followed</li>
</ul>
<ul>
 <li>The price is trading within a descending parallel channel and is consolidating within a range from the past fortnight</li>
</ul>
<ul>
 <li>The extreme consolidation suggests the bulls could soon gain dominance and elevate the levels to $0.5 initially&nbsp;</li>
</ul>
<ul>
 <li>As the selling pressure has intensified over time, it seems that the bulls may revamp a steep ascending trend as suggested by the bull-bear power</li>
</ul>
<ul>
 <li>Once, the PYTH price sustains at these levels, then the path to $1 may be pretty clear without major hindrance</li>
</ul>
<h3 class="wp-block-heading" id="h-zksync-zk-nbsp">ZkSync (ZK)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc7C1Kl8ael3v4LhS3Fa0FT-gtRhFNDyDSrnB2-xMFdz7hwRKohZNwEWKVF0Gxlj_MROUQF29i-rb6rTEWy3BvmyGQtmND8N7JvNssz3eDu_3ljiU21rgQYz3WupJTLzseGhMqD8hd_mjyp0nhcaML-Zbh3?key=mThD77pyc_vnPnPYIyOhVQ" alt="">
</figure>
<ul>
 <li>zkSync has just begun its trading journey and hence is believed to demonstrate huge price action in the coming days</li>
</ul>
<ul>
 <li>The RSI has maintained an incremental trend, due to which the price is on the verge of completing the parabolic recovery to reach the neckline</li>
</ul>
<ul>
 <li>The neckline around $0.232 to $0.23 can be considered extremely crucial, as the bulls are expected to fall weak at these levels</li>
</ul>
<ul>
 <li>Meanwhile, if they display some strength at these levels, then the price could trigger a fresh rise to form a new ATH above $0.3</li>
</ul>
<ul>
 <li>By then, market sentiments may have turned bullish, which could trigger a fresh ascending trend, discovering new highs in the latter half of 2024</li>
</ul>
<h3 class="wp-block-heading" id="h-conflux-cfx-nbsp">Conflux (CFX)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe0hP9CjKyYQGQvV0p7GqRrQxcSNMJ6CJEsxGSS49aUvua6zxp0XGOgHZwhVcfDHeSl9UjkpP3lqlQoe5rlQlQT6q4lFVaI-74m2Xz1BrJRVyoC1Hnng2ebxVpg-Lfyk_lvupFZklYd3JKwNqUmffD5oBYk?key=mThD77pyc_vnPnPYIyOhVQ" alt="">
</figure>
<ul>
 <li>The recent pullback appeared to be the end of the bullish trend as the price dropped after forming a mountain&nbsp;</li>
</ul>
<ul>
 <li>However, the possibility of a trend reversal emerges as the RSI is again testing the average range, aiming to surpass the levels</li>
</ul>
<ul>
 <li>Unfortunately, the bears have dominated the markets and as a result, the price may also face a minor pullback&nbsp;</li>
</ul>
<ul>
 <li>After undergoing a small drop of nearly 18% to 20%, the CFX price is expected to initiate a fresh upswing and maintain a steep ascending trend to reach the upper resistance zone at $0.21</li>
</ul>
<ul>
 <li>During the last quarter, the markets are expected to become more optimistic, which may trigger a fresh ascending trend to reach $1 in the last few weeks of 2024</li>
</ul>
<h3 class="wp-block-heading" id="h-ethena-ena-nbsp">Ethena (ENA)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXev6b-NV9c0X-DUPNJ5AX9lC9JK_styaE8cbEVJkfJncQBvJ8xk9ZMD5TCXpP917pG7O_67kUadOdil6D3IRAadD0NP_p9-o4BUS-i--XuhroyIUo1Nj2o4ATp4PD5lwptIEK6vSlvc9idpSFXIClmgqzs?key=mThD77pyc_vnPnPYIyOhVQ" alt="">
</figure>
<ul>
 <li>The Ethena price has been stuck within a steep descending trend ever since it started its trading journey and formed the highs</li>
</ul>
<ul>
 <li>The price formed new highs close to $1.5 and after marking the bottoms, the token is trying hard to rebound&nbsp;</li>
</ul>
<ul>
 <li>Therefore, the price is expected to regain $0.5 anytime from now, which could elevate the levels above $0.65 by the end of the month</li>
</ul>
<ul>
 <li>The RSI which has bottomed, may trigger a rebound, validating the bullish trajectory, and aiming to reach the upper threshold</li>
</ul>
<ul>
 <li>Therefore, the ENA price is expected to sustain above $0.8, which may pave the way to reaching $1 in the next few months</li>
</ul>
<h3 class="wp-block-heading" id="h-mantle-mnt-nbsp">Mantle (MNT)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfNvhY4LELh2vvQIS7-vMGSujcmDiIBWr2YCr2kcZXLmtJqqF3HHY_dvBoNx0OsOObjtpQ6x_4ul0mezIQ8DJ3E8MyezMZCnnsE7c9KCxKQTc53ff-E-iwZgcpV_8ZkKByo33qpezo-jIFNlzBV_r1k8gbe?key=mThD77pyc_vnPnPYIyOhVQ" alt="">
</figure>
<ul>
 <li>MNT price has dropped below the crucial ascending trend line and marked the bottoms along the support zone just below $0.8</li>
</ul>
<ul>
 <li>The price is consolidating heavily within the support zone, which is expected to result in a massive outbreak very soon</li>
</ul>
<ul>
 <li>As the RSI has reached the lower threshold, a rebound may be expected, reviving a fresh ascending trend above 50</li>
</ul>
<ul>
 <li>This move may cause the price to rise above $1 but it may also reach the upper resistance close to $1.5.&nbsp;</li>
</ul>

Top Altcoins Below $1 To Invest Before the Revival of a Fresh Bullish Spell

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