The possible approval of an ETH-based ETF has sparked excitement in the cryptocurrency industry. As the 2024 bull run continues to gain momentum, certain cryptocurrencies are poised to benefit greatly from this development. Investors are eager to find out which cryptocurrencies will trend up next to the second-largest cryptocurrency by market cap. By delving into the details, this article offers valuable information for those who want to benefit from emerging market movements.
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Polygon Price Movement and Future Forecast
Polygon (MATIC) has been showing some volatility, with its price recently fluctuating between $0.64 and $0.72. Despite the positive change of 8.62% last week, MATIC has experienced a slight decline in the last month and a more significant decline in the six months. The coin is close to the lower support level at $0.60 and has the potential to face resistance near $0.76. The short-term moving average is slightly above the long-term moving average, which gives mixed signals. Low RSI and Stochastic values indicate that MATIC may be under pressure at the moment. The general trend suggests that MATIC may be in a correction phase and cautious optimism is needed for near-term movements.
Sui Analysis: Price Trends and Forecasts
Sui coin is currently trading between $0.91 and $1.13. Last week its price increased by 21.51%. It decreased by 20.74 percent last month, but increased by 85.08 percent in the last six months. The coin’s movements suggest that the price may be in a correction phase as it is below the 10-day and 100-day averages of $1.12 and $1.10 respectively. The RSI shows that it is not in the overbought or oversold zone. The cryptocurrency may face difficulties climbing above $1.23 and may find support around $0.78. If it declines, the next important support will be $0.56. A negative MACD level indicates that the price may not be ready to start a sudden move yet.
Sei Price Analysis and Future Outlook
Sei (SEI) has recorded a significant increase in the last six months with a price increase of 172.39%. Its current price varies between $0.45 and $0.59. In the short term, Sei fell 7.45% in a month but recovered 19.72% last week. Considering the RSI of 33.53 and the stochastic value of 16.74, the coin appears to be in a correction phase. The cryptocurrency faces immediate resistance at $0.67 and finds initial support at $0.37. If it falls below, the next important support level is $0.23, while a break above this could lead to the resistance level of $0.81. Thanks to the close alignment between the 10-day and 100-day moving averages, Sei may be preparing for its next move.
Starknet Price Struggles: What Will Be the Next Move?
Starknet (STRK) is trading between $0.99 and $1.17. It was up about 2.45% last week but is down 9.99% this month. There was a huge jump of 486.49% in six months. The price is below the 10-day average ($1.21) but near the 100-day average ($1.15). If the RSI is below 40, it may indicate that the price is not too hot right now. Levels to watch are $1.28 on the top and $0.93 on the bottom. This move looks like a correction rather than a major leap forward.
Conclusion
Approval of an ETH ETF will likely result in an increase in the price of certain cryptocurrencies. While MATIC, SUI, SEI and STRK may see some growth, their short-term potential appears limited. But BlastUP stands out as having the highest potential for big profits. The strength of this project lies in its innovative concept and integration with the Blast ecosystem, offering a promising outlook for its valuation.
- Site: https://blastup.io/
- Twitter: https://twitter.com/Blastup_io
- Discord: https://discord.gg/5Kc3nDhqVW
- Telegram: https://t.me/blastup_io
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