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    Home - News - Market Downturn Won’t Last: Bullish Trends on the Horizon
    News

    Market Downturn Won’t Last: Bullish Trends on the Horizon

    Praveen JadhavBy Praveen JadhavJuly 5, 2024Updated:July 5, 20245 Mins Read
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    Market Downturn Won't Last Bullish Trends on the Horizon
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    The crypto market is currently under immense pressure due to a significant drop in Bitcoin’s price, causing widespread panic among investors. Altcoins are still at their lowest points, yet poised to surge at any given moment. Despite the recent Bitcoin and market downturn, experts predict a bullish trend on the horizon. This article offers an in-depth look at which coins are primed for growth amid the turmoil. Discover the hidden gems that could lead the next market rally and why now might be the perfect time to take note. Curious about which cryptocurrencies are ready to break out? This piece will provide the insights needed to navigate the unfolding events.

    BlastUP Releases Blastbox V2: a Treasure Trove Full of Perks

    Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

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    Discover the Full Potential of Blastbox V2

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    Polygon (MATIC) on the Brink of a Major Breakout Despite Recent Lull

    Polygon (MATIC) is currently trading between $0.54 and $0.58. Despite a recent drop of nearly 22% in just one week and a staggering 38% over the past month, the coin shows signs of a potential breakout. With the nearest resistance level at $0.60, bulls might set their sights on the next resistance of $0.64, marking an increase of around 10%. The simple moving averages indicate strong support, and the low Relative Strength Index (RSI) suggests it’s oversold. Once momentum builds, MATIC could potentially rise by up to 15% in the short term, pushing it to new heights.

    Blur (BLUR) Poised for Growth Amid Market Rebound?

    Blur (BLUR) has been in a downward trend, but its recent price range of $0.1810-$0.2429 could hint at a reversal. The bulls seem weak right now, highlighted by a -28.98% drop in the past week and -63.81% over the month. However, the Relative Strength Index at 26.20 and Stochastic at 24.16 suggest it’s oversold and due for a bounce. If it could break through the nearest resistance level of $0.2812, BLUR might head towards the second resistance level of $0.3431, which would be about a 90% increase. The simple moving averages indicate the coin is undervalued, offering potential for significant growth.

    Jupiter (JUP) Eyes Recovery After Recent Dip: Is a Bullish Breakout Ahead?

    Jupiter (JUP) is showing signs of resilience despite recent declines. Trading between $0.70 and $0.91, bulls seem ready to challenge the $1.01 resistance level soon. The current Relative Strength Index (RSI) at around thirty-three suggests it’s underbought, and with a six-month price increase of over two thousand percent, the potential for growth is strong. If JUP breaks past $1.01, the next target could be $1.22, marking a rise of about fifty percent from its current range. Although bears have had the upper hand recently, the bullish outlook remains promising as historical patterns hint at another surge.

    Turning Point for Pyth Network (PYTH) Amidst Crypto Turbulence

    Pyth Network (PYTH) is seeing a mix of movements between $0.29 and $0.34. The bulls are testing the nearest resistance at $0.37, while support sits at $0.27. Despite a significant monthly dip of almost 44%, there’s potential for an upward trend. Breaking past $0.37 can push PYTH to $0.41, marking a potential 20% rise. If the market embraces a bullish altcoin season, PYTH could even reach higher resistance levels. The simple moving averages and MACD suggest a tentative recovery is on the horizon.

    Conclusion

    MATIC, BLUR, JUP, and PYTH show limited potential in the short term. However, BLASTUP stands out with the highest potential. The reason lies in its innovative concept and its place in the Blast ecosystem. Confidence in the project’s future performance remains strong. BLASTUP’s position in the overall market could drive considerable interest and growth.

    Site: https://blastup.io/

    Twitter: https://twitter.com/Blastup_io

    Discord: https://discord.gg/5Kc3nDhqVW

    Telegram: https://t.me/blastup_io

    Also Read: Analyst Predicts Bitcoin Targeting $30k Price, How to Save Money On Current Market?

    Disclaimer and Risk Warning

    This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.

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    Praveen Jadhav
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    Praveen got into the world of cryptocurrency in 2017 by trading and investing. With a wealth of experience managing various crypto-related projects, Praveen is deeply passionate about all aspects of cryptocurrency, blockchain, Metaverse, and NFTs.

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