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- 1 Synthetix Network (SNX) token noted a rebound and is sprinting toward the $5 mark.
- 2 Decentraland (MANA) chart reflects massive recuperation.
- 3 Neo coin (NEO) represented a double bottom formation along with a rebound.
Synthetix Network (SNX), Decentraland token (MANA) and Neo coin (NEO) marked a sharp jump, highlighting bullish momentum on the charts. These crypto assets have glimpsed bullish sentiments and have begun a bull run. Investors must watch out for these cryptocurrencies to add to their portfolio to gain big in 2024.
Synthetic Network (SNX) Displays Rebound, Can SNX Surpass $5 Mark?
Synthetix Network (SNX) token price marked a pullback from the 50-Day EMA and climbed the 100-Day EMA hurdle, reflecting buying momentum. Moreover, the token looks ready to surpass the immediate high of $5. The token has ended the correction phase and witnessed buyers’ accumulation in the last few sessions.
The Synthetix token (SNX) price was $4.33 at press time, with an intraday gain of 1.21%, showing bullishness on the charts. Moreover, the trading volume increased by 7.67% to $87.66 Million, and the market cap rose to $1.42 Billion. Analysts are bullish and suggest that the SNX token will persist in lifting the up move and may cross $5 soon.
Decentraland Exhibits Breakout, Can MANA Reach $1 Mark?
MANA depicted a descending triangle pattern breakout and has topped the 100-Day EMA mark, signifying a sharp rise in the last few sessions. Moreover, the token has jumped over 40% this month reflecting bullish dominance on the charts.
MANA price was $0.6461 at press time, with an intraday gain of 8.75%, showing bullishness on the charts. Moreover, the trading volume increased by 34.77% to $250.77 Million, and the market cap rose to $1.42 Billion. Analysts are bullish and suggest that the MANA token will reach the $1 mark in the following sessions.
Neo Glimpse Double Bottom Formation, Can NEO Cross $20 Mark?
The Neo coin (NEO) noted a double bottom formation and is on the verge to register a breakout above the neckline of $17. A sharp bull run is expected above $17 in the following sessions. If the trend is intact and above the 200-Day EMA mark; the coin may hit the $30 mark soon. Buyers have gained strength and are looking to initiate a breakout.
The Neo coin (NEO) price was $15.89 at press time, with an intraday gain of 9.45%, showing bullishness on the charts. Moreover, the trading volume increased by 10.90% to $134.89 Million, and the market cap rose to $1.12 Billion. Analysts are bullish and suggest that the Neo coin registers a breakout, it may hit the $25 mark soon.
Summary
Synthetix token (SNX), Decentraland token(MANA), and Neo coin (NEO) cryptos are looking bullish and witnessing buying momentum. Furthermore, these crypto assets have just triggered the breakout and will continue to uphold the gains. Investors must look out for these cryptocurrencies and mark the levels given below for their portfolio in 2024.
Technical Levels
Support Levels of SNX:$4 and $3
Support Levels of MANA: $0.6300 and $0.6000
Support Levels of NEO: $14 and $12
Resistance Levels of SNX: $5 and $5.90
Resistance Levels of MANA: $0.6800 and $0.7000
Resistance Levels of NEO: $17 and $20
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
