- SNX, LDO, 1INCH, and SUSHI exhibit bullish signals, poised for potential significant gains.
- Strong support levels and resistance points play crucial roles in chart analysis.
- Breakouts from chart patterns signal potential reversals and bullish momentum.
Synthetix (SNX), Lido DAO (LDO), 1inch Network (1INCH), and SushiSwap (SUSHI) are exhibiting unique patterns and bullish signals in their respective charts.
As highlighted by World Of Charts, a top analyst, Synthetix (SNX) has recently broken multiple consolidations and is on the verge of completing a retest, signaling the potential for a 3-4x bullish wave in the midterm. With a current price of $2.92 and a 24-hour trading volume of $34,491,590, SNX is up 4.92% in the last 24 hours.
Key support levels at $1.65 and $2.50 have proven robust, while resistance at $4.30 and $10.00 presents significant challenges. However, a potential price target of $15.00, representing a 466.97% increase, suggests substantial upside potential if the bullish breakout materializes.
Meanwhile, Lido DAO (LDO) has seen a remarkable turnaround, running almost 45% in profit since its first entry and breaking a bullish flag, with expectations of another 50%+ bullish wave upon a successful breakout. Priced at $2.56 with a 24-hour trading volume of $321,610,831, LDO is up 15.34% in the last 24 hours.
Key support levels at $1.33 and $1.75 have held firm, while resistance at $2.80 and $4.50 remains formidable. A potential price target of $6.13, indicating a 248.72% increase, underscores the bullish sentiment surrounding LDO.
In the case of 1inch Network (1INCH), the token has broken out of a descending trendline pattern, suggesting a potential reversal and bullish momentum. Priced at $0.428968 with a 24-hour trading volume of $32,449,849, 1INCH is up 6.41% in the last 24 hours.
Support levels at $0.28 and $0.40 have held steady, while resistance at $0.50 and $1.00 looms ahead. A potential price target of $1.76, representing a 440.91% increase, highlights the optimistic outlook for 1INCH.
SushiSwap (SUSHI) has broken out of a symmetrical triangle pattern, confirming a bullish reversal and signaling expectations of a massive bullish wave towards $5. Currently priced at $1.25 with a 24-hour trading volume of $49,073,375, SUSHI is up 5.93% in the last 24 hours.
Key support levels at $0.85 and $1.20 have shown resilience, while resistance at $1.50 and $2.50 presents significant hurdles. A potential price target of $3.35, representing a 289.21% increase, underscores the potential for significant gains in SUSHI.
