Altcoins
JasmyCoin, ENA and LDO price prediction: portends a bull run!
The leader of altcoins, Ethereum Price, managed to reclaim the $3,900 mark over the past weekend by adding around 5% to its portfolio. With this, ETH-based tokens continued to record a market-like bullish situation.
Additionally, major ETH tokens such as JASMY, ENA, and LDO have received considerable attention from the crypto market, resulting in these altcoins adding 44%, 30%, and 54% to their respective valuations over the past seven days.
Will Ethereum-based altcoins lead the next AltSeason by outperforming major cryptocurrencies?
ENA token forms channel pattern
THE Ethena Price continues to see bullish price action by adding around 2% to its portfolio with a trading volume of $315.048 million, a jump of 12.11% over the past day and 30.21% in the over the past seven days, indicating growing investor interest in this altcoin. .
TradingView: ENA/USDT
Positively, Ethena price formed an ascending channel trend during the 1D timeframe, highlighting increased buying pressure for the altcoin in the crypto space.
Additionally, the SMA supports the price chart, hinting at strong bullish sentiment in the crypto market. However, the RSI shows bearish convergence, suggesting mixed sentiment.
If the market pushes ENA Prize above the resistance level of $0.95, the bulls will prepare to break out of the channel and test its upper level of $1.030. However, bearish price action could pull the price towards its support trendline this month.
Jasmy Price displays breakout rally:
After trading in a symmetrical triangle pattern since mid-February, the Jasmy coin price managed to register a breakout trend over the past weekend, indicating a strong bullish reversal for the ETH-based token in the crypto market.
TradingView: JASMY/USDT
The MACD technical indicator shows a consistent uptrend in the chart, suggesting increased positive sentiment for the altcoin. Additionally, the averages are showing a significant rise, indicating a bullish outlook this week.
If the bulls continue to gain momentum, Jasmy coin price will surpass its resistance level and test its high of $0.0350. Conversely, a bearish trend reversal could cause the altcoin to decline towards its support trendline.
Lido Dao on the verge of a major breakout!
THE LDO Price traded in a closed range between $1.840 and $2.235 for a period, after which the bulls lost momentum and broke its important support level. However, after testing its crucial support of $1.50, the bulls regained momentum. Since then, the price has evolved positively.
TradingView: LDO/USDT
The 50/200-day Cross EMA displayed a bullish crossover in its chart, suggesting an increase in buying-on-selling pressure for the altcoin.
The Relative Strength Index (RSI) is on the verge of breaking out of its overbought range, highlighting a significant increase in bullish sentiment for the market. Lido Dao price in the crypto market.
If the bulls sustain the price above the $2.625 support level, LDO price will prepare to test its upper resistance of $3 in the coming times. Negatively, if the bears overpower the bulls, the price would plunge towards its lower support level of $2.235.