(22 May 2024, 19:39 PM IST): The cryptocurrency market is going through a bullish rally after the positivity created from US SEC regarding Ethereum Spot ETF approval. the rally pushed Bitcoin to $71K and Ethereum to $3,800 respectively.
In this article we are going to see the top cryptocurrencies which are trading in breakout zones and can make significant gains in coming days.
1. Gala (GALA) Price Analysis:
Gala, the top gaming token, has recently broken out of a symmetrical triangle pattern, but the recent hack has irrupted the rally for a while. the recent recovery by Gala after the hack incident, signaling potential bullish momentum. If it maintains this bullishness, we can see the Gala token making impressive gains.
- Current Price: $0.0463
- Market Cap: $1.64 Billion
2. Beam (BEAM) Price Analysis:
Beam has successfully given a breakout from the resistance trendline at $0.02644. and is currently retesting its breakout. A pullback from the resistance trendline could trigger a strong upward movement for BEAM.
- Current Price: $0.02736
- Market Cap: $1.35 Billion
3. Render (RNDR) Price Analysis:
Render, the AI token seems to be unstoppable as it surged from $2.63 to its current price of $11.19 in the last year. As of now, the RNDR token is trying to cross the resistance line of $11.91. Above this, we can witness a good rally in the RNDR token.
- Current Price: $11.19
- Market Cap: $4.37 Billion
4. Dogwifhat (WIF) Price Analysis:
Dogwifhat (WIF), one of the trending memecoin in 2024, has taken support from the $2.45 level and is currently trading at the $2.88 price mark. If some bullish momentum arrives, the WIF coin will record an impressive rally.
- Current Price: $2.88
- Market Cap: $2.89 Billion
5. Blur (BLUR) Price Analysis:
Blur token hasalso breakout from the downtrend resistance trendline. and also retesting, done by touching resistance. Meanwhile, Blur token is trying to go above a small resistance zone at $0.4433; if it manages to pass this line, we can have a good rally in Blur token.
- Current Price: $0.4028
- Market Cap: $651 Million
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and speculative, and past performance is not indicative of future results.