The crypto market is under immense pressure due to a sharp drop in Bitcoin’s price. Despite the current downturn, a bull run is eagerly anticipated. Altcoins, currently languishing at low levels, hold the potential to surge at any moment. As Bitcoin and the market at large experience a downturn, the stage is set for a significant recovery. This article explores the key 2021 patterns and the top cryptocurrencies poised for growth. Discover which coins are primed to break out and lead the next wave of market gains. Readers are invited to delve into the details and uncover the potential winners in the upcoming bull market.
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Ethereum Shows Strength Despite Recent Dips: Bull Run Imminent?
Ethereum is currently trading between around $3290 and $3533. Despite the recent dump, the coin has potential for growth. The nearest resistance level is at roughly $3632, and if ETH breaks through, it could see another rise towards $3876. Strong support at about $3144 and $2900 means the downside is limited. The six-month price change is positive at over 27%, showing long-term growth potential. With a low RSI of around 23, ETH is considered oversold, suggesting a bounce back might be near. The upcoming altcoin season could push Ethereum prices up significantly, possibly by 10% or more in the short term. The bullish patterns from 2021 add to the optimistic outlook.
Sei (SEI) Shows Signs of Rebound Amid Market Volatility
Sei (SEI) is holding its ground between $0.32 and $0.38 despite recent market dips. With the RSI at a low 29.52, the coin seems oversold, suggesting a buying opportunity. Currently facing resistance at $0.41, breaking this could propel SEI up to the $0.47 mark, a potential 20% rise. The 10-day SMA at $0.26 below the 100-day SMA at $0.32 hints at a possible trend reversal. If the upward momentum gains strength, SEI could rally further, mirroring bullish patterns from 2021. Keep an eye on support levels at $0.29 and $0.23 to gauge market stability.
Sui (SUI) Prepares for a Rebound in a Potential Altcoin Season
Sui (SUI) has seen rough times lately with a current price range between $0.76 and $0.89. Bears seem stronger for now, but this might soon change. The strong support at $0.70 can serve as a launchpad for a rally. The nearest resistance is at $0.97, followed by a more significant barrier at $1.10. These levels are well within reach if bulls gain momentum. An upward surge could imply a potential growth of up to 50% from current levels. With the right market conditions, Sui might just be gearing up for an impressive comeback.
Turning Point for Pyth Network (PYTH) Amidst Crypto Turbulence
Pyth Network (PYTH) is seeing a mix of movements between $0.29 and $0.34. The bulls are testing the nearest resistance at $0.37, while support sits at $0.27. Despite a significant monthly dip of almost 44%, there’s potential for an upward trend. Breaking past $0.37 can push PYTH to $0.41, marking a potential 20% rise. If the market embraces a bullish altcoin season, PYTH could even reach higher resistance levels. The simple moving averages and MACD suggest a tentative recovery is on the horizon.
Conclusion
The market remains poised for a potential bullish surge amid current lows. Coins like ETH, SEI, SUI, PYTH have less short-term potential. The focus is on CYBRO, a highly advanced DeFi platform. It maximizes investor earnings using AI-driven yield aggregation on the Blast blockchain. CYBRO offers great features such as high staking rewards, exclusive airdrops, and cashback on purchases. It provides a seamless user experience with easy deposits and withdrawals. Transparency, compliance, and quality are key elements, making CYBRO a standout project. Crypto whales and influencers show strong interest.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
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Telegram: https://t.me/cybro_io
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