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

News, Trending

  • Aptos shows bullish signs, approaching a golden crossover for potential gains.
  • Pyth Network’s breakout signals recovery, targeting $0.50 with momentum building.
  • Ethena’s inverted head-and-shoulders pattern suggests a breakout above $0.37.

The crypto market, excluding Bitcoin and Ethereum, recently plunged below $600 million. However, Bitcoin’s recent surge to $62,000 has sparked some relief. This rebound offers hope for altcoins showing signs of recovery.

Despite global tensions rising, some altcoins are hinting at a comeback next week. Could this be the right time to buy? Let’s take a closer look at three altcoins that deserve attention: Aptos, Pyth Network, and Ethena.

Aptos (APT)

Source: Trading View 

Aptos (APT) is gaining strength, showing a bullish reversal pattern on the daily chart. The price has moved above the 200-day EMA and remains stable above the 23.60% Fibonacci level at $8.11. 

The 50-day EMA seems ready for a golden crossover with the 200-day EMA, signaling a potential uptrend. Aptos stands firm, even with the broader market decline. The RSI line on the daily chart approaches the overbought zone, pointing to growing momentum. 

If the price continues upward, the next target will be the 38.20% Fibonacci level at $10. With a broader market recovery, a climb to $15.28 could follow.

Pyth Network (PYTH)

Source: Trading View 

Pyth Network (PYTH) is showing signs of recovery, bouncing from a key support level at $5. A triangle breakout pattern suggests a potential rally, supported by a local trendline. The RSI is also climbing from the halfway point, indicating growing momentum. 

If the recovery continues, the next target will be the 200-day EMA. Based on Fibonacci levels, the price could reach $0.50, with a possible surge to $0.67 depending on market conditions.

Ethena (ENA)

Source: Trading View 

As of writing, Ethena (ENA) is trading between $0.20 and $0.37, showing a consolidation phase. However, a shift in sentiment points to an inverted head-and-shoulders pattern, suggesting a possible breakout at the $0.37 neckline.

The right shoulder seems to be forming near the 50-day EMA, hinting at a potential price move. A breakout above the neckline could push the price to the $0.50 psychological mark. With market improvements, higher targets like $0.70 and $0.85 may also come into play.

These three altcoins—APT, PYTH, EN, show strong potential for recovery in the coming week. Accumulating now could offer a timely opportunity for gains in the week ahead.

The post APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? appeared first on Crypto News Land.

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