Best Altcoins Under $1 To Invest In Before New Bull Run Resumes

Cryptocurrency markets consolidate as Bitcoin Price Bitcoin token is falling below $61,000, causing bearish waves in the markets. Meanwhile, altcoins have also started correcting to some extent, indicating that the token could see a new upward trend very soon. Here are some of the altcoins that are on the verge of hitting $1 in the next bullish period.

Pyth Network (PYTH)

• Pyth Network has garnered considerable attention as prices have surged over 400% year-to-date and remained unchanged regardless of the bearish trend that followed.

• The price is moving in a descending parallel channel and consolidating in a range for the last fifteen days.

• Extreme consolidation suggests bulls could soon gain dominance and push levels to $0.5 initially

• As selling pressure has intensified over time, it appears that the bulls could restart a strong uptrend, as suggested by the bullish-bearish power.

• Once PYTH price holds at these levels, the path to $1 could be quite clear without any major obstacles.

Zk Synchronization (ZK)

• zkSync has just started its trading journey and hence should see huge price action in the coming days

• The RSI has maintained an incremental trend, due to which the price is about to complete 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 drop to these levels.

• Meanwhile, if they show some strength at these levels, the price could then trigger a fresh rise to form a new ATH above $0.3.

• By then, market sentiments may have turned bullish, which could trigger a new uptrend, reaching new highs in the second half of 2024.

Conflux (CFX)

• The recent pullback appears to be the end of the uptrend as price fell after forming a mountain

• However, the possibility of a trend reversal is emerging as the RSI retests the average range, aiming to break above the levels

• Unfortunately, bears have dominated the markets and hence the price might also face a slight pullback.

• After suffering a small decline of almost 18% to 20%, CFX price is expected to initiate a fresh rise and maintain a strong uptrend to reach the upper resistance zone at $0.21.

• Over the last quarter, markets are expected to become more optimistic, which could trigger a new uptrend to reach $1 in the last weeks of 2024.

Ethena (ENA)

• Ethena price has been stuck in a strong downtrend since it started its trading journey and formed the highs

• The price has reached new highs near $1.5 and after marking the lows, the token is trying to bounce back

• Therefore, the price is likely to regain $0.5 anytime from now, which could push the levels above $0.65 by the end of the month.

• The RSI which has touched the bottom, can trigger a rebound, validating the bullish trajectory, and aiming to reach the upper threshold

• Therefore, ENA price is expected to hold above $0.8, which could pave the way to $1 in the coming months.

Coat (MNT)

• MNT price fell below the crucial ascending trendline and marked the lows along the support zone just below $0.8

• Price is consolidating strongly in the support zone, which is expected to lead to a massive outbreak very soon

• With the RSI having reached the lower threshold, a rebound can be expected, restarting a new upward trend above 50.

• This move could lead the price to rise above $1, but it could also hit the upper resistance near $1.5.

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