Altcoins
Top Small-Cap Altcoins Poised for 10x Rally Ahead of Ethereum ETF Approval
As the crypto market goes ballistic overnight, the bull run begins for Bitcoin and altcoins. Additionally, altcoins are seeing a sharp increase in uptrend momentum as discussions around the Ethereum ETF become heated.
With the growing possibility that the Ethereum ETF will be approved, smart money is looking for altcoins that could see direct bullish influence.
To make it easier for you, we have selected the best small-cap altcoins to buy. So let’s take a closer look at the price analysis of these altcoins to detect potential targets and entry points.
Manta Network (MANTA)
With a market cap of $418 million, the MANTA token price shows a bullish reversal overnight. The trend reversal leads to a 17% uptrend in the last 24 hours with an increase in trading volume.
The bullish reversal of the altcoin shows a breakout of the descending channel in the 4H chart. This increases the likelihood of a continuation of the uptrend. Trading at $1.67, the underlying potential suggests an uptrend beyond $5 if momentum maintains.
Loop (LRC)
As a key player in the Ethereum layer 2 sector, the LRC token presents a lucrative entry opportunity for fringe traders. The bullish reversal from the 23.60% Fibonacci level sends the altcoin price up 16% in 48 hours.
As the bull run gains momentum with an increase in trading volume, LRC price takes off for a moonshot. Additionally, Fibonacci levels project an uptrend target of $0.7731 if the Ethereum ETF is approved.
Métis (METIS)
As the market turns bullish, the METIS token breaks above the short-term resistance trendline. The rally gained momentum as the price of ETH surged last night, with the ETF’s decision trending.
With a market capitalization of $434 million, METIS stock is trading at $76.83 and challenging the 50% Fibonacci level. The recovery suggests a potential increase in the coming days.
According to Fibonacci retracement levels, the altcoin could reach the $200 mark if the ETH ETF gets approval.
Bitrock (BROCK)
Bitrock is an Ethereum sidechain that runs on the Proof of Authority (PoA) blockchain to provide near-zero gas fees. After days of consolidation, BROCK price is preparing a trend reversal from the psychological support level of $0.10.
The altcoin is showing a rounding reversal that is gaining momentum as the chances of Ethereum ETF approval improve. With a 16.92% bullish candle last night, the BROCK token is expecting a massive jump this week.
Depending on the Fibonacci level, the altcoin could reach the $0.30 mark. With some optimism, post-ETF approval could push the price of BROCK to $1.
Myria (MYRIA)
Myria, another layer 2 scaling solution for Ethereum, is showing immense potential this week. With the idea of scaling NFTs, games and more, the project shines in Ethereum’s list of layer 2 solutions with a 21% jump last night.
With a breakout of the trendline, the MYRIA token shows a successful post-retest jump. This corresponds with last night’s jump and the intensification of discussions around Ethereum ETFs.
As the altcoin signals a strong possibility of a trend reversal, Fibonacci levels project the MYRIA token’s target at $0.013 this week.
Conclusion
As the bullish trend begins to accelerate across the market, these altcoins are projecting bullish price action. With the upcoming Ethereum ETF catalyst, increased volumes can lead to a massive increase in the mentioned altcoins.