DOGE Surges By 28%, BRETT & SUI by 12%, ENA by 15%—Is This the Beginning of an Altseason?
The post DOGE Surges By 28%, BRETT & SUI by 12%, ENA by 15%—Is This the Beginning of an Altseason? appeared first on Coinpedia Fintech News
In a surprising move, the Bitcoin price closed the daily trade above $71,400 and woke up the bulls within the market. The Dogecoin price was on its way to hit $0.15 but now it’s attempting to clear the major resistance above $0.16. Meanwhile, the other altcoins like BRETT, BSV, etc and a few more have been displaying acute strength and hence are believed to revive a strong altseason soon.
Dogecoin (DOGE) Primed for a ‘Golden Cross’
The Dogecoin price volatility has risen ever since the token flipped from its monthly lows close to $0.1. Since then, the volume has maintained a notable rise, suggesting enough involvement of bulls and market participants. Therefore, now that the market sentiments have flipped, the DOGE price is primed for another 25% jump that could occur anytime from now.
The recent upswing has helped the price to test the initial barrier in reaching $0.2. The bulls seem to be well in position, which suggests a continued upswing could be imminent. Moreover, the token is primed for a ‘Golden Cross’ while the OBV is about to end the multi-month consolidation. Therefore, a daily close above $0.165 may pave the way for the token to reach $0.185, which may in turn push the price above $0.2.
Brett (BRETT) Price Aims for a Bullish Close
The Brett price broke out from the decisive symmetrical triangle and after a small retest, the token appears to be ready for a fresh upswing. The latest rise has enabled the price to reclaim $0.1 and if the bulls manage to hold these levels, then the BRETT price may surpass the crucial resistance zone to achieve the pivotal levels around $0.12.
The RSI has been maintaining a consolidated ascending trend since the beginning and with the latest upswing, the levels may reach the upper threshold. Besides, the OBV, which has been maintaining an ascending trend, has risen above the ascending support. Therefore, the BRETT price is now believed to surpass the resistance zone between $0.103 and $0.105, which may push the prices beyond $0.12 in the first few days of November.
Ethena (ENA) Price to Hit $0.5 Soon
Ethena price has maintained an incremental trend for over a period and hence the bulls have held a strong dominance over the rally. The technicals remain within the positive range and hence it is believed to trigger a breakout beyond the range in the coming days.
As seen in the above chart, the price is heading towards the upper resistance of the decisive symmetrical triangle, which collides with one of the pivotal resistance zones between $0.41 and $0.43. The MACD shows a drop in the selling pressure and the levels are heading for a bullish crossover while the RSI has triggered a bullish divergence. Therefore, the ENA price is primed to surpass the resistance and reach $0.5 soon.
