DeFi
Altcoins hit hard but poised to become market leaders
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Altcoins have been facing significant challenges, recording steep declines. However, the trend may soon reverse. Many of these digital currencies are on the verge of recovery and are ready to dominate the market. This article takes a look at the altcoins that have the potential to rise from the ashes and become major players. Find out which cryptocurrencies are poised for impressive growth.
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Starknet (STRK) Hovering Near Support, Bulls Hoping for a Bounce
Starknet (STRK) is trading between $0.56 and $0.66. The bulls appear weak, with the coin having dropped nearly seven percent in the past week and over twenty-six percent this month. Yet, it is still up over one hundred and sixty-four percent in six months. The closest support level is at $0.51, while resistance is at $0.70. The RSI is just above the average range, near fifty-eight. The stochastic is high at ninety-six, suggesting a potential overbought condition. If bullish momentum resumes, STRK could climb to the second resistance at $0.80, a potential increase of around twenty percent from the current range.
Ethena (ENA) Price Evolution Shows Mixed Signals Despite Long-Term Growth
Ethena (ENA) is currently trading between $0.42 and $0.54. Despite a negative one-month performance (-21.72%), it has a long-term gain of over 52% over the past six months. The bears seem to be dominating in the short term, as indicated by a recent 8% decline over the past week. Nevertheless, with its stochastic indicator at 97.02, a potential price rebound could push ENA towards its nearest resistance at $0.58, and eventually to $0.70, marking potential gains of 35-66% from the lower end of its current range.
Ondo (ONDO) Shows Signs of Potential Rebound, Bulls and Bears Face Off
Ondo price is currently trading between $1.01 and $1.15, indicating a cautious market mood. Despite recent declines – with a one-week decline of around 6.5% and a monthly decline of close to 20% – Ondo has shown significant growth over the past six months, up over 270%. The RSI of 65.51 suggests it is bordering on overbought territory, while a high stochastic level near 96 indicates possible price corrections. Support is found at $0.94, with stronger resistance at $1.21. If the bulls regain control, Ondo could push as high as $1.35, targeting a 17% increase from current levels. The market tug-of-war is keeping traders on their toes.
Conclusion
STRK, ENA, and ONDO might show less potential in the short term. However, CYBRO, a technologically advanced DeFi platform, presents exceptional opportunities. Its AI-powered yield aggregation on the Blast blockchain maximizes gains. Users benefit from features such as lucrative staking rewards, exclusive airdrops, and cashback on purchases. The platform ensures a seamless experience with easy deposits and withdrawals. CYBRO also emphasizes transparency, compliance, and quality. The strong interest from crypto whales and influencers further increases its promise. It stands out as a notable project in the current market.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
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Telegram: https://t.me/cybro_io