Amidst a prevailing bearish trend in the markets, certain cryptocurrencies are quietly revealing their potential for a bullish divergence.
Decentraland (MANA) is currently consolidating within a narrow range but maintaining an upward trend. The levels around $0.5 are crucial as they could potentially trigger an upswing.
Pyth Network (PYTH), Sei (SEI), Fantom (FTM), and Ethena (ENA) are all exhibiting signs of potential bullish breakouts.
Although the cryptocurrency markets seem to be trapped in a bearish trend, these specific altcoins are demonstrating hidden bullish divergence.
In the meantime, there may be a brief upswing in the markets, presenting an opportunity to accumulate these promising cryptocurrencies.
Decentraland (MANA), one of the often overlooked NFT tokens, previously sparked a significant bullish momentum in the crypto space. Alongside SAND, the MANA price revitalized the NFT sector and led to the emergence of intriguing coins.
Currently, the price of MANA is consolidating within a very narrow range while maintaining an ascending trend.
Pyth Network (PYTH) has been struggling through a deep bearish trend, reaching below its crucial support zone. Although the bulls are showing some strength, the bears are equally capable of limiting excessive bullish activity.
As long as the prices remain below $0.51, the token can be considered to be in an accumulation zone.
Sei (SEI) has recently gained significant attention, experiencing a price surge of over 600% to surpass $1. However, the rally temporarily favored the bears, and the token has been trading sideways.
This indicates that both bulls and bears are exhibiting equal strength as they defend their respective resistance and support levels. Following significant compression, the price of SEI may break out and initiate a new uptrend soon.
Fantom (FTM) has been trading within an expanding rising channel, defending the lower support zone and triggering a fresh rise.
Despite a recent downturn, the bulls have shown resilience, suggesting the possibility of a substantial upswing. The price is approaching $1, and a slight bullish push could propel it beyond this region.
After experiencing a significant pullback from its highs, the price of Ethena (ENA) traded within a falling wedge. Following a breakout, the levels have seen some increase. However, the price is currently undergoing a minor pullback, indicating that the token is nearing the end of its retracement phase. Beyond this, a steady rise may be on the horizon, potentially bringing the ENA price back towards its previous highs.
While the overall sentiment in the crypto market remains bearish, these five altcoins are displaying signs of hidden bullish potential. Decentraland (MANA), Pyth Network (PYTH), Sei (SEI), Fantom (FTM), and Ethena (ENA) are all exhibiting specific price patterns and levels that could signify the beginning of a fresh upswing.