CandleFocus

APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate?

Author: Content Editor
The crypto market, excluding Bitcoin and Ethereum, recently experienced a decline but Bitcoin's surge to $62,000 has provided some relief and hope for altcoins. Three altcoins to watch are Aptos (APT), Pyth Network (PYTH), and Ethena (ENA).

Aptos (APT) is showing a bullish reversal pattern and has moved above the 200-day EMA. The 50-day EMA is primed for a golden crossover, indicating a potential uptrend. If the price continues to rise, the next targets are $10 and $15.28.

Pyth Network (PYTH) has bounced from a support level and a triangle breakout pattern suggests a potential rally. The RSI is climbing, indicating growing momentum. If the recovery continues, the next target is the 200-day EMA, with a possibility of reaching $0.50 or $0.67.

Ethena (ENA) is currently in a consolidation phase but an inverted head-and-shoulders pattern suggests a possible breakout. A breakout above the neckline could push the price to $0.50 and higher targets like $0.70 and $0.85 could come into play.

Overall, these three altcoins show potential for recovery in the coming week, making it a good opportunity for potential gains.

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