With the broader market shaping an up move and the Bitcoin price back above $67,000, the altcoins are hitting the pedal to the metal. Amidst these altcoins, Ether.Fi and Jupiter are high-potential candidates, with market participants anticipating a bull run.
These altcoins are gaining momentum and are ready to break above resistance and scale new heights. Further, with the market preparing a bounce back and Bitcoin halving next month, ETHFI and JUP prices are ready to skyrocket.
So, let’s examine the price chart and price action analysis of ETHFI and JUP more closely.
Will ETHFI Price Perform The Best Among Altcoins?
With a 40% jump overnight, the ETHFI price skyrocketed as the early bullish momentum for the altcoin continued to grow. Crossing the $4 mark, the 225% surge in the 24-hour trading volume supported the bull run in Ether.Fi.
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As per the 4H chart, the altcoin is sustaining above the 50% Fibonacci level and entering a consolidation range below $4.30. Currently, the ETHFI price trades at $4.22 and takes a short pause following last night’s bull run.
Considering the uptrend sustains the momentum, the ETHFI could give a bullish breakout of the ongoing consolidation. In such a case, the altcoin price could sky-high to the $6.818 mark.
JUP Reversal Rally Aims New Surge To $2
With a bullish reversal from the $1.10 mark, the JUP price is preparing another surge as it sustains dominance over the psychological mark of $1. This reversal concludes the short-term pullback of 24% and reverts the altcoin price to a bullish trend.
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Currently, the JUP price trades at $1.33 and projects an intraday move of 1.69%, reflecting a short pause following last night’s jump. Further, the bullish crossover in the MACD and signal lines support the bullish reversal in the altcoin.
Therefore, if the buyers regain the uptrend, the JUP price can break $1.45 to $1.71. Optimistically, the bull run could reach the $2 mark.
Also Read: Altcoins Regain Momentum As RUNE And STX Price Surge! What’s Next?
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