Altcoins
These Altcoins Are Revealing a 100% Rise
As crypto market experts anticipate the Ethereum ETF listing next week, the altcoin rally is set to go ballistic. Moreover, with the strong anticipation of BTC price rallying above $60,000, these small-cap cryptocurrencies offer massive upside potential.
Closely related to the Ethereum blockchain and known for amplifying bullish moves, these altcoins could surge 100% next week with the approval of the Ethereum ETF. So, let’s take a closer look at their price chart and determine bullish entry opportunities over the weekend.
Altcoins to Watch with Ethereum ETF Listing: Floki (FLOKI)
With the Ethereum ETF coming next week, the Ethereum-based Meme coin is a great pick for quick upside moves. Trading at $0.00014, FLOKI’s price is down 56% from its peak of $0.00032.
With a potential double bottom, the ongoing sideways trend after the massive drop hints at a trend reversal for the altcoin. Moreover, the increasing chances of a bullish crossover in the MACD reinforce the bullish side.
According to Fibonacci levels, the FLOKI price bull run could reach the $0.00039 mark with the listing of Ethereum ETF.
TrueFi (TRU)
With a strong support trendline in play, TRU token price reveals a bullish cycle that is gaining momentum. TrueFi token price action projects a reversal of the rounding bottom and reclaims the 23.60% Fibonacci level at $0.13.
With an intraday jump of 9.29%, the altcoin price forms a bullish engulfing candle and suggests a continuation of the uptrend. In addition, the bullish crossover of the MACD indicator reinforces the ongoing bullish cycle.
As the uptrend continues with the listing of Ethereum ETF, the price of TRU altcoin could reach the peak of $0.25.
Arbitration (ARB)
With a market cap of $2.27 billion, Arbitrum’s price action is poised for a bullish breakout on the daily chart. As the ARB token price forms a descending wedge pattern and approaches the bottleneck zone, the broader market recovery could lead to an upside breakout.
Moreover, the MACD and signal lines are gradually acquiring a bullish trend and alignment, the altcoin could surge by almost 100% in case of a breakout. Currently, the ARB price is trading at $0.7052 and is about to break above the upper trendline.
With a bullish breakout and the listing of the Ethereum ETF, ARB price could reach the $2.18 mark.