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Rewrite of Top Altcoins Under $1 Other Than XRP & ADA

May 30, 2024

The markets appear to be stuck in a bearish trend, but certain altcoins display hidden bullish divergence, awaiting a surge following Bitcoin's strength surpassing the $75,000 all-time high. Until then, a temporary market uptick could present opportunities for accumulation.

Decentraland (MANA)

Decentraland, prominent in the NFT sector, previously sparked bullish momentum. Alongside SAND, MANA has rejuvenated the NFT space, fostering various new coins. Currently, the price consolidates within a tight range, showing an upward trajectory. Breaking the $0.5 barrier could signal a new uptrend.

Pyth Network (PYTH)

Pyth Network faces a deep bearish trend, breaching crucial supports. Despite some bullish strength, bears maintain control below $0.51. Trading in an accumulation zone, a breakout above this level may initiate an upward movement.

Sei (SEI)

SEI gained attention with a surge exceeding 600%, reaching over $1. Although a temporary bearish phase ensued, the market's sideways movement reflects balanced forces between bulls and bears. A breakout post-consolidation may lead to a fresh upswing.

Fantom (FTM)

Fantom trades in an expanding rising channel, bouncing back after defending key support levels. Despite minor fluctuations, bullish momentum persists, potentially pushing the price above $1.

Ethena (ENA)

ENA faced a notable pullback, trading in a falling wedge pattern. Following a breakout and partial recovery, a possible uptrend is anticipated, marking the end of the retracement phase.

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