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Following Bitcoin’s halving, many people are hopeful of a major increase in crypto prices. Some experts even think Bitcoin could reach $500,000. In times like these, there is a lot of attention on major cryptocurrencies. It is wondered whether some crypto currencies may also be affected by this volatility.
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Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
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Pyth Network’s Performance: Growth and Outlook
Pyth Network’s latest performance shows a significant one-month growth of 67.78% and a strong half-year growth of 145.55%. Its current price is $0.94, just below the nearest resistance at $0.92 and well below the second resistance at $1.18, with room for growth. If the price breaks these resistances, we could see a move towards the all-time high of $1.16443976. However, with mixed signals from indicators like MACD forcing selling and a neutral stance from RSI and Stochastic, investors may remain cautious.
Long-term forecasts require a careful look at past performance and current trends. Pyth Network’s all-time change is negligible, but given the significant six-month increase, the long-term trend could be positive if the momentum continues. Still, notable support levels at $0.38 and $0.12 suggest that any reversal could lead to significant declines. Traders need to watch for sustained breaks of these critical levels to confirm the long-term direction. The current price’s close proximity to the 10-day simple moving average indicates a possible turning point that could determine the next big move.
Jupiter’s Price Rising With Potential Corrections Ahead
Having recorded a staggering growth of 161.77% in one month and 4239.33% in six months, Jupiter’s momentum is quite strong and is currently priced at $1.30. If the trend continues, the next target could realistically be the second resistance level at $0.81. The positive movement shows that buyers are confident and can push prices even above recent highs; However, breaking through the nearest resistance at $0.68 may be difficult without solid support.
Jupiter’s rapid rise brings excitement as well as risk. If market sentiment changes, the current support at $0.42 could be tested. If it falls below this, prices may slide to the second support at $0.30. In the long run, the large increase in value indicates caution as such meteoric rises may be followed by corrections. Traders should watch the 10-day simple moving average at $1.28 to gauge overall trend strength.
Mantle’s Strong Uptrend: 224.45% Growth in 6 Months
Mantle’s recent rise has set a strong uptrend, with a monthly increase of 44.93% and a staggering 224.45% increase in six months. The current price of $1.28 is just above the second resistance level at $1.27, showing strong bullish momentum. Considering the nearest support level is $0.63, there is a considerable buffer in the event of a pullback. However, the 10-day Simple Moving Average (SMA) is at $0.88 and the 100-day SMA is at $0.75, both below the current price, suggesting that Mantle could stabilize around these averages if a correction occurs.
Over the long term, Mantle’s all-time high and dramatic price change suggest significant growth potential. Current support levels at $0.63 and $0.37 could provide potential reversal points. Although the recent price increase fuels optimism, one should be aware of natural market cycles that can lead to corrections. Therefore, although bullish trends continue, it is crucial to watch Mantle closely as the second support and SMA levels may come into play.
21% Monthly Increase in DOT Points to Upward Momentum
Last month, we saw a 21.21% increase in DOT, indicating increased interest. Currently at $9.60 and above both the 10-day and 100-day averages, if this trend continues, it could see a move past the nearest resistance level at $9.96 and towards the second resistance level at $10.25 and we can increase the bullish momentum. Growth over the last six months has also been impressive. However, a break below the moving averages could signal a short-term pullback before further rises.
Looking at the big picture, a huge jump of 135.29% in six months highlights strong optimism. Given this move and the all-time high of $56.22, long-term potential remains if the trend continues. Buyers need to watch for a possible slide to the $6.91 or even $5.55 support levels, which could indicate a trend reversal and warrant a more cautious outlook.
Conclusion
While promising coins such as Pyth Network, Jupiter, Mantle and DOT offer interesting prospects, one wonders whether BlastUP will be able to survive among its peers. Its unique position within the Live Blast ecosystem lends credence to the concept’s promise of increasing confidence in its orbit.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before making any transaction!
