Date: Fri, Dec 13, 2024, 04:38 PM GMT
In the cryptocurrency market today, major altcoins are continuing their upside rallies. Alongside this, WazirX (WRX) and Polyhedra Network (ZKJ) have come into the spotlight with noticeable gains. WRX has surged by almost 30%, while ZKJ is up by nearly 6%, following key technical breakouts.
WazirX (WRX):
WazirX, the cryptocurrency exchange that previously faced hacking controversies, is now gaining significant attention as its native token, WRX, has jumped by an impressive 135% in the last 30 days.
Today’s rally marked a critical breakout from a descending triangle pattern, which had been capping prices since 2022. WRX successfully breached its upper resistance at $0.24, propelling it to the current level of $0.29.
If bullish momentum persists, WRX is likely to target the next resistance at $0.40, a potential 36% gain from its current price.
Polyhedra Network (ZKJ):
Polyhedra Network’s ZKJ token has also been on a notable uptrend, rallying 68% in the last 30 days. From a monthly low of $1.23, ZKJ has climbed to its current price of $2.00.
The token broke out of its critical resistance zone at $1.92 today. If the price holds above this breakout level, a retest could consolidate support, paving the way for an upside target at $3.01, representing a potential 56% gain from the breakout level.
Are More Gains on the Horizon?
Both WRX and ZKJ are exhibiting strong bullish patterns after key breakouts. With Bitcoin dominance in decline, altcoins like these are gaining traction. If market conditions remain favorable, further rallies could be on the horizon for these tokens in the coming weeks.
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