The post Top Altcoins Below $1 To Invest Before the Revival of a Fresh Bullish Spell appeared first on Coinpedia Fintech News
The crypto markets are consolidating as the Bitcoin price 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.
Pyth Netwrok (PYTH)
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
The price is trading within a descending parallel channel and is consolidating within a range from the past fortnight
The extreme consolidation suggests the bulls could soon gain dominance and elevate the levels to $0.5 initially
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
Once, the PYTH price sustains at these levels, then the path to $1 may be pretty clear without major hindrance
ZkSync (ZK)
zkSync has just begun its trading journey and hence is believed to demonstrate huge price action in the coming days
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
The neckline around $0.232 to $0.23 can be considered extremely crucial, as the bulls are expected to fall weak at these levels
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
By then, market sentiments may have turned bullish, which could trigger a fresh ascending trend, discovering new highs in the latter half of 2024
Conflux (CFX)
The recent pullback appeared to be the end of the bullish trend as the price dropped after forming a mountain
However, the possibility of a trend reversal emerges as the RSI is again testing the average range, aiming to surpass the levels
Unfortunately, the bears have dominated the markets and as a result, the price may also face a minor pullback
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
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
Ethena (ENA)
The Ethena price has been stuck within a steep descending trend ever since it started its trading journey and formed the highs
The price formed new highs close to $1.5 and after marking the bottoms, the token is trying hard to rebound
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
The RSI which has bottomed, may trigger a rebound, validating the bullish trajectory, and aiming to reach the upper threshold
Therefore, the ENA price is expected to sustain above $0.8, which may pave the way to reaching $1 in the next few months
Mantle (MNT)
MNT price has dropped below the crucial ascending trend line and marked the bottoms along the support zone just below $0.8
The price is consolidating heavily within the support zone, which is expected to result in a massive outbreak very soon
As the RSI has reached the lower threshold, a rebound may be expected, reviving a fresh ascending trend above 50
This move may cause the price to rise above $1 but it may also reach the upper resistance close to $1.5.