The cryptocurrency market is witnessing interesting developments as tariff announcements approach. Investors are once again paying attention to ALGO and ENA Coin.
ALGO Coin Chart Analysis
ALGO Coin gained attention in 2021, but subsequent bear markets affected its valuation. Despite this, the coin survived the recent cryptocurrency winter but has not yet returned to desired levels.
Analyst Ali Martinez presented an updated chart of ALGO:
ALGO appears to be forming a double-bottom pattern with a neckline between 0.25-0.26 dollars. Recent price movements have validated this support level.
ENA Coin Price Prediction
To gauge if investors in altcoins are exhausted, it is worth observing the status of the ETH funding rate. Analyst Mister Crypto provided insights regarding the current situation, illustrating that the funding rate does not signal an extreme condition. According to him, the rally is just starting.
ENA Coin remains a favorite among preferred altcoins, though the analyst highlights the presence of large sell-offs on exchanges. "A significant amount of ENA has been sold by an individual in recent days, indicating a potential further price drop. I am looking to enter at around 0.47 dollars. Overall, I remain optimistic about this coin."
Impact of Market Volatility
The sale of ENA Coin is not unusual, as it has consistently reached new highs and is now retreating. The point previously marked by the analyst served as a support level. If this level fails, it may test 0.376 and 0.3 dollars.
Currently, investor attention is focused on ALGO and ENA Coin. Expected changes in market volatility could lead to price shifts, and expert analyses highlight the need for caution in trading.
