Ethereum

Cardano

Polkadot

Resistance

Captain

<ul class="news-points">
 <li>Ethereum eyes $4,000 after breaking out from descending channel, targeting 16.21% increase if bullish momentum holds. </li>
 <li>Cardano projects 72.84% surge to $0.71 post breakout from descending wedge, signaling strong bullish reversal. </li>
 <li>Polkadot targets $12.00, anticipating 83.65% rise as it breaks out from descending wedge, indicating potential trend reversal. </li>
</ul>
Ethereum (<a href="https://coinedition.com/can-ethereum-transactions-get-faster-vitalik-buterin-thinks-so/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">ETH</a>) has broken out from a descending channel on the 4-hour chart, according to analyst Captain Faibik. This move above the upper trendline suggests a potential trend reversal. ETH is currently <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">trading at</a> $3,444.97, with a 24-hour trading volume of $10.3 billion, down 0.72% in the last 24 hours. Bulls are now targeting $4,000, representing a 16.21% increase from the breakout point near $3,450.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeBkOJBzfoDgSF_bE9od1ZaPAs3NavwZ2kjonbrGmu75cGDCPomgMjrO_IjOb-YKiE5OMqcbucUylwupv6mQPcVt57mk6S_jx7otQaVaG-HOwQYmXbtOVeT6vOK71gc-7xb733ZssYpXaTmgyvQlB8C97Y?key=FkJZtxmYhNBblRa7iexUvw" alt="">
 <figcaption class="wp-element-caption">
 Ethereum/USD&nbsp; 4-hour price chart, Source: <a href="https://x.com/CryptoFaibik/status/1807980211461672974" target="_blank" rel="noopener noreferrer nofollow">Captain Faibik</a>
 </figcaption>
 </figure>
</div>
Key support levels for ETH include the recent breakout point around $3,450 and the lower channel line at $3,000. Resistance levels are at previous highs within the channel, approximately $3,800 to $3,900.
Cardano (<a href="https://coinedition.com/polkadot-and-cardano-the-next-big-crypto-partnership/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">ADA</a>) has also confirmed a breakout from a descending wedge pattern on the daily timeframe, according to Captain Faibik. This recent su…
The post <a href="https://coinedition.com/4-altcoins-shaking-off-the-slump-bullish-reversals-in-sight/" rel="noopener noreferrer nofollow">4 Altcoins Shaking Off the Slump: Bullish Reversals in Sight?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

4 Altcoins Shaking Off the Slump: Bullish Reversals in Sight?

Coin Edition

Alte articole publicate pe 2 iul. 2024

Over the weekend, Bitcoin trading hit a new low.

Over $620M Liquidated: A Week of Shockwaves and Surprises in the Crypto

Switzerland’s Crypto Valley Grows: PostFinance Welcomes Ripple, Cardano, and More

Polkadot ecosystem turns into a mean fraternity – sorority, Web3 responds

Polkadot’s multi-million marketing expenses spark fury in blockchain community

Cryptocurrency Internet Computer Decreases More Than 3% Within 24 hours

Join our free newsletter for daily crypto updates!