Ethereum and Bitcoin stumble through a historically harsh September, facing significant price dips. However, excitement brews as the much-anticipated Bull Run and altcoin season are expected to spark any day now. The crypto market remains calm, hovering in anticipation while altcoins sit at their lows, poised to explode at any moment. This article reveals key insights pointing towards the upcoming recovery and discusses which coins are ready for growth. Readers will uncover which altcoins are on the brink of major upward movement, providing a hopeful outlook for investors looking to capitalize on the awaited market surge.
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Ethereum Steady: Bulls Ready to Roar?
Ethereum is trading between $2300 and $2660. Bulls could be gearing up, even though ETH has seen a decline of over 6% in the past week. The nearest resistance of $2900 may soon be tested. If this barrier breaks, ETH could eye $3250, marking an approximate 22% potential rise. Over the last six months, ETH dropped by nearly 40%, but with the RSI at 45.21, there’s room for growth. The current positioning indicates that bears aren’t pushing hard, and with favorable conditions, a rally toward the $2900 and then $3250 levels seems plausible. Now could be the time for the bulls to take the reins.
Bitcoin Bulls Stand Tall Despite Recent Slump
Bitcoin (BTC) shows resilience in the current price range of about $55,000 to $62,000. Bulls are pushing hard, keeping the coin near its 10-day Simple Moving Average of around $56,000. The nearest resistance level is just below $67,000, and a break above this could see BTC soaring to $74,000. Though down by nearly 6% this week, and 18% over six months, its potential for growth remains strong. If bulls take charge, Bitcoin could rise by over 20% from current levels.
Conclusion
ETH and BTC experienced a tough September. However, signs of recovery are now appearing. The ongoing bull run in 2024 offers a promising outlook. DOGEN, the meme token for alpha males, is gaining attention. Designed for luxury and success seekers, it has high growth potential. With expected gains of 700% by the presale’s end and even higher returns in this altcoin season, DOGEN follows the success of tokens like BONK, WIF, and Popcat. This token is not only high in potential but also builds a community of market leaders. Early adopters enjoy exclusive benefits and campaigns. DOGEN stands out with real value and a perspective worth noting.
Site: https://dogen.meme/
Twitter: https://x.com/dogenmeme
Telegram: https://t.me/Dogen_Portal
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
