The cryptocurrency market is currently exhibiting fascinating movements, with various coins showing potential for significant price increases. Notably, FET and WIF are among the cryptocurrencies that are forming bullish patterns that could result in substantial gains. Additionally, INJ has exhibited bullish activity recently, signaling potential upward momentum.
As highlighted by World Of Charts, an analyst, FET is forming a descending wedge pattern, a bullish reversal signal. The price has been consolidating within this wedge, creating lower highs and lower lows. This consolidation might end up in a breakout, leading the token to a 205% surge.
Key support levels at $1.150 and $0.950 are providing strong bases within the wedge. On the resistance side, $1.600 marks the upper boundary of the wedge, with further resistance at $1.900 and $2.800. If FET successfully breaks out, the next price target could be $3.110. It translates to a 205.70% increase from the current level.
As per the data from CoinMarketCap, the price of Artificial Superintelligence Alliance was $1.36, with a 24-hour trading volume of $206,068,937 at press time. The token rose 5.47% on Monday, indicating growing investor interest.
VeChain Shows Bullish Momentum After Key Resistance Breakout, 2x Incoming?WIF also shows promising signs of a bullish rally by breaking out from a descending wedge pattern. As further noted by World Of Charts, WIF is preparing for a 2x bullish rally, currently at approximately $1.9812.
Support levels include $1.5500, the lower boundary of the wedge, and $1.3000, the last significant low within the wedge pattern. Immediate resistance after the breakout is at $2.1000. Higher resistance levels post-breakout include $3.0000 and $4.2000, representing previous highs.
The projected target price post-breakout is around $7.5000, a potential 259.95% increase from the current price. At press time, dogwifhat was trading at $2.15, with a 24-hour trading volume of $635,373,276, and it has surged 21.06% in the last 24 hours.
The same analyst has also drawn predictions for INJ. INJ is in a strong uptrend and is currently consolidating within a falling wedge, another bullish pattern. In order to continue this upward move, INJ needs to break out of the falling wedge pattern. Recently, it has broken above the upper trendline of a long-term downward channel that started in early 2024l.
Key support levels for INJ are $18.00, $16.00, and $12.00. Immediate resistance is around $24.00, and further resistance levels are at $32.00 and $50.00. If the breakout is successful, the target price could be around $58.00, representing a 151.24% increase from the current price. During reporting, INJ was trading at $23.38, with a 24-hour trading volume of $135,883,239, up 6.57% in the last 24 hours.
