Will a Bitcoin Price Rally Trigger Gains in Altcoins? Analysts Point to 4 Altcoins With 2x to 4x Potential

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As Bitcoin hints at a possible upswing, focus shifts to other digital coins that might ride the wave. Analysts have spotlighted four altcoins with the potential to increase in value by two to four times. This piece delves into these promising tokens and examines what could propel their impressive gains in the near future.

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Ethereum Nears Key Resistance After Recent Gains

Ethereum is trading between $2359.53 and $2548.75, rising 10.19% in the past week and 12.08% over the month. The Relative Strength Index is at 52.63, indicating neutral momentum. The price is approaching the nearest resistance level at $2628.82. A break above this could see Ethereum move toward the second resistance at $2818.03, an increase of around 10%. The MACD level of 4.62 suggests bullish momentum. However, the price remains below the 10-day and 100-day Simple Moving Averages, both above $2600. Ethereum’s recent gains may continue if it surpasses these resistance levels.

Solana’s Upward Trend Hints at Approaching $162 Resistance Level

Solana (SOL) is currently trading between $138 and $154, showing signs of upward momentum. Over the past month, its price has increased by more than 16%. The next resistance level is at $162, and if the current trend continues, SOL could reach this level soon. The Relative Strength Index sits around 56, indicating that the asset is neither overbought nor oversold. However, the Stochastic indicator is high at 86, which might suggest a possible slowdown. If Solana breaks past $162, the next target could be $179, marking an additional gain of about 10%. On the downside, if momentum fades, the price may test the support level at $128.

Ethena (ENA) Gains 76% in a Month, Eyes Resistance at $0.44

Ethena (ENA) has seen a strong rebound, rising 76% in the past month and 47% in the last week. The current price ranges between $0.29 and $0.40. The nearest resistance level is $0.44. If ENA breaks above this point, it could target the next resistance at $0.55, a potential gain of over 30% from current prices. The Relative Strength Index is 55.81, suggesting room for more growth before hitting overbought territory. The MACD is positive at 0.00059, indicating bullish momentum. However, the price remains below the 100-day simple moving average of $0.41, so traders are watching for a move above this level to confirm a sustained upward trend.

Conclusion

While Ethereum (ETH), Solana (SOL), and Enjin Coin (ENJ) maintain their market positions, their short-term growth potential appears limited. In contrast, CYBRO emerges as a standout opportunity. This technologically advanced DeFi platform offers investors unparalleled chances to maximize earnings through AI-powered yield aggregation on the Blast blockchain. With lucrative staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience with seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO is attracting strong interest from crypto whales and influencers, positioning itself as a promising project in the current bull run.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Source: https://coinedition.com/will-a-bitcoin-price-rally-trigger-gains-in-altcoins-analysts-point-to-4-altcoins-with-2x-to-4x-potential/