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July 18, 2024
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Top Altcoins Under $1 Other Than XRP & ADA to Look at Before the Next Bullish Wave

The post Top Altcoins Under $1 Other Than XRP & ADA to Look at Before the Next Bullish Wave appeared first on Coinpedia Fintech News

The markets seem to remain stuck within a bearish trend, while some altcoins do carry hidden bullish divergence. These are expected to trigger as soon as the Bitcoin price displays some strength and breaches above the current ATH to reach $75,000. However, until then, the markets may witness a brief upswing, which may be a good time to accumulate some of them. 

Decentraland (MANA) 

Decentraland is among the lost NFT tokens, which once sparked massive bullish momentum within the entire crypto space. The MANA price, together with SAND, has revitalized the NFT space, which has bloomed many intriguing coins. Currently, the price is closely consolidating within a very narrow range but has maintained an ascending trend. The levels around $0.5 appear to be crucial and a rise beyond these levels may trigger a fresh upswing ahead. 

Pyth Network (PYTH) 

Pyth Network has been draining within a deep bearish trend and has reached below the crucial support zone. Although the bulls are displaying some strength, the bears appear to be equally capable of restricting excessive bullish activity. Hence, as long as the prices trade below $0.51, the token can be considered to be in an accumulating zone. Once these levels are crossed, the PYTH price may begin with a fresh upswing. 

Sei (SEI) 

Sei also gained enough attention in recent times, which elevated the prices by more than 600% to reach above $1. However, the rally turned in favour of the bears for a while and continued to trade sideways for a while. This has been an indication of the bulls and bears maintaining equal strength as they continue to defend their respective resistance and support levels. After undergoing extreme compression, the SEI price may break out again and begin with a fresh upswing soon. 

Fantom (FTM) 

Fantom price has been trading within an expanding rising channel and after defending the lower support zone, it triggered a fresh rise. Although the price has dropped to some extent, the bulls have been demonstrating some strength, due to which the probability of a healthy upswing continues to prevail. However, the price is very close to $1 and a minor bullish push could elevate the levels beyond the range. 

Ethena (ENA) 

Soon after facing a huge pullback from the highs, the ENA price traded within a falling wedge and after a breakout, the levels elevated to some extent. However, the price is undergoing a small pullback, which suggests the token is approaching the end of the retracement phase. Beyond this, a fine rise may be on the horizon, which may lift the ENA price back towards its highs.

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