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May 22, 2024
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Top Altcoins To That Are Poised To Breakout Soon

The post Top Altcoins To That Are Poised To Breakout Soon appeared first on Coinpedia Fintech News

In their most recent video, crypto analyst and YouTuber, CryptoBusy, has identified five coins that are currently breaking out and could provide investors with significant gains. 

Ethereum (ETH)

CryptoBusy highlights that Ethereum is in a very interesting position currently, having broken through a level of support in March and subsequently pushing up significantly higher to almost $2000. Ethereum is currently testing a level of resistance, which if broken, could see the coin reach around $2028. He suggests setting a stop loss below the 1820 level and targeting $2028. At press time, Ether was trading at $1,872.

NEAR Protocol (NEAR)

NEAR Protocol has been on CryptoBusy’s radar for a while now, with the analyst highlighting a retest of an imbalance area on the daily chart and a move toward the coin’s highs. If the $2.10 level is taken out, The analyst expects the coin to move up higher and take out $2.20, with another target at $2.58. NEAR was valued $2.08 at the time of writing this article.

Conflux (CFX)

CFX has had a massive run-up recently and is currently in a continuation of an up-trend. A break and retest of the previous high at $0.44 could easily take the coin to $0.48, and CryptoBusy thinks that a two-fold increase could happen in a matter of days or weeks. CFX is currently exchanging hands for $0.34.

Internet Computer (ICP)

ICP has broken out of a downtrend, with CryptoBusy highlighting the $4.70 level as a significant level of support and resistance. If this level is broken, the analyst suggests targeting around $5.80 for a 13% gain. At press time, ICP was worth $5.2.

Filecoin (FIL)

believes that Filecoin is a great project and could provide investors with significant gains. Having broken a downtrend, the analyst suggests targeting $7.50 and then the previous high of $9.00. Right now, FIL is valued at $5.90.

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