Altcoins
Here are the best Altcoins to watch this week
The second largest token in the market, Ethereum, showed a strong northward move after suffering quiet movements for over 20 months. The merger or hard forks also did not impact the price of ETH as the new Ethereum ETF spot approval rounds hit the crypto space. With this, some other tokens are also expected to gain momentum and see considerable momentum.
Pepe (PEPE)
Pépé Prize has shown acute strength since ETH price broke above intermediate resistance levels. By forming a new ATH, the token managed to reverse the market capitalization of Uniswap and enter the top 20 tokens. The market sentiments have reversed in favor of memecoin and hence it is believed to reach higher highs in the coming days.
Ondo (ONDO)
Since its creation, the price of Ondo has maintained a strong increase and in the event of a bearish attack, the levels have remained more or less in balance. However, the recent bullish surge has helped the price move beyond the accumulation phase, which is only 10% away from its recent highs. With another bullish surge, the price could regain $1 initially, then enter the discovery phase and form a new ATH at or above $1.5.
Rendered (RNDR)
Render price had reached new highs above $13 just before the end of the first quarter of the year, which caused a massive pullback. The price is consolidating within a predefined range and the latest move has caused a sharp rise. Therefore, it is believed that the price could maintain an upward trend to reach the upper resistance zone and possibly mark a new ATH after approval.
enqAI (EnqAI)
The enqAI has just reached new highs in recent days, which were followed by a 50% decline. However, after finding a strong base, the price triggered a strong rebound and printed consecutive bullish candles and is only 13% to 15% away from testing the highs. The technical parameters are bullish and hence the price is expected to maintain a healthy rise thereafter and enter the final resistance zone. If the bulls show strength here, a breakout could lead EnqAI price to reach new highs above $0.15.
Pendle (PENDLE)
The Pendle price has seen significant developments in recent times and has attracted the attention of market participants. The trend has remained high since the start of the second quarter and after a successful rebound, the price is heading towards its previous highs again. Spot ETH ETF approval cycles provided the strength needed to maintain an upward trend and reach new highs above $8.