Six Altcoins Break Out and Eye New Highs

The next resistance is $4.98.

Coin#1: Sui

We have a solid bag. If you are looking for short-term altcoins, wait for a retest at $3.6 and enter.

Coin#2: ETH

Another clean breakout with increasing volume. Unlike SUI, ETH has been accumulating for 60 days. Next target is $4k, and $5.3k. The best short-term entry would be a retest to $3.1k.

Coin#3: Polytrade

Polytrade has been in a downtrend since January. The long-term trend line is clearly broken now. The next target is $0.34. The current price is a safe entry.

Coin#4: Bittensor

TAO did not do a clean breakout yet. If TAO could close above $437 on a daily timeframe, it can move to $619. Since the current price is $437, it is highly likely that TAO can do a breakout soon.

Coin#5: Morpho

Morpho did a clean breakout of the long-term resistance, retested the support, and is chasing new highs. Even though the next immediate resistance is $2.4, the real resistance is $4. We can expect MORPHO to create a new All-Time-High soon, as $4 is just a 2x from the current price.

Coin#6: ONDO

We have already mentioned ONDO and MORPHO in the last report as they did clean breakouts. For ONDO, the next resistance is at $1.3. Even the current price is a good entry for ONDO.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.