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A renowned expert in technical analysis has projected astonishing 100-fold returns for certain DeFi tokens in the forthcoming market surge. Signs are emerging that suggest significant growth potential in decentralized finance assets. Enthusiasts and investors alike are keen to discover which coins might lead the charge in the anticipated bull run, sparking excitement across the crypto community.
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The Graph (GRT) Ready to Break Out as Altcoin Season Nears
The Graph (GRT) trades between $0.17 and $0.19, just below resistance at $0.19. The Relative Strength Index is low, nearing oversold levels. This suggests potential for a bullish reversal. The Stochastic oscillator is very low, which often leads to upward momentum. The 10-day Simple Moving Average is $0.16 and the 100-day SMA is $0.17. This positions GRT for a breakout. If it surpasses $0.19, the next target is $0.21, offering potential gains over 10%. With altcoin season approaching, GRT could rise and recover from recent declines.
MANTRA (OM) Set to Bounce Back as Oversold Signals Point to Uptrend
MANTRA (OM) has dipped nearly 19% in the past week, settling between $1.42 and $1.60. Technical indicators like the Relative Strength Index at 23 and Stochastic at 9 suggest the coin is oversold. This opens the door for a potential price rebound. The current price sits just above the 100-day Simple Moving Average of $1.41, indicating strong support. If momentum shifts upward, MANTRA could test the nearest resistance at $1.70, marking a possible 10% gain. Breaking through this level may propel the price toward the second resistance at $1.88, offering an increase of over 20%. The recent decline might present a timely opportunity for those anticipating a bullish move.
Ethena (ENA) Eyes Breakout Amid Monthly Gain
Ethena (ENA) has risen over 14% in the past month, trading between $0.35 and $0.47. Despite a small dip this week, technical indicators point to a possible upward move. The RSI at 36.82 suggests the coin is nearing oversold territory, and the low Stochastic value of 6.22 reinforces this outlook. If ENA breaks above the resistance at $0.52, it could target $0.64, offering a substantial increase from current levels. The 10-day and 100-day simple moving averages are converging, indicating potential momentum. Conversely, dropping below the support at $0.29 might signal further declines.
Wormhole (W) Poised for Growth Amid Bullish Altcoin Momentum
Wormhole (W) is trading between $0.28 and $0.33, hovering near its 100-day simple moving average of $0.28. After a positive monthly gain of 4.04%, W shows signs of upward momentum. The Relative Strength Index (RSI) is at 40.17, suggesting room for growth before reaching overbought conditions. A break above the nearest resistance at $0.36 could pave the way to the next target at $0.41, offering substantial potential gains. With the anticipated altcoin season and a global crypto bull run on the horizon, Wormhole might experience significant growth. The support level at $0.25 provides a strong foundation for this potential upward move.
Conclusion
While GRT, OM, ENA, W, and W have limited short-term potential, ZircuitDEX offers 500X capital efficiency, fast transactions, and zero slippage. The ZDEX Token presale offers a 70% discount. Holding ZDEX Tokens provides benefits like early access to meme coins, reduced fees, governance rights, and revenue shares. Early adopters can shape the platform’s future.
Source: https://finbold.com/leading-technical-analyst-predicts-massive-100x-gains-for-these-defi-coins-in-the-upcoming-bull-run/