• NEO’s overbought scenario might trigger its worth to fall, whereas LTO’s worth might stay between $0.23 and $0.25.
• TON worth might fall to $6.11, however Fibonacci indicators recommend an increase to $9.56.
• ENA might soar to $1.50 as shopping for momentum and capital flows improve.

Up to now 24 hours, the market capitalization of cryptocurrencies rose by 3.59% to a staggering $2.68 trillion. As anticipated, the costs of many cryptocurrencies rose. Nevertheless, one notable commentary was what number of altcoins rose impressively throughout the similar interval.

For instance, NEO (NEO) soared 38.36%. Toncoin (TON) has reversed Cardano (ADA) to turn out to be the ninth most dear cryptocurrency after its worth elevated by 27.92%.

LTO Community (LTO) worth rose by 7.24% whereas buying and selling quantity soared, indicating excessive curiosity within the token. Etena (ENA), which was lately launched, was additionally a rising token, with its worth growing by 16.34%. From a technical perspective, right here's what led to the rally and the way far the worth can transfer.

neo

On the time of writing, the worth of NEO was 21.47. On the 4-hour chart, a bullish candlestick appeared when the worth was at $15.09, indicating that the bears don’t have any say within the worth motion. In the meantime, the Bollinger Bands (BB) confirmed excessive volatility across the token, with the higher band tapping NEO because it approached $22.

This case means that NEO is overbought. Due to this fact, a retracement could possibly be subsequent. In a really bearish case, NEO worth can fall to $17.87. Nevertheless, indicators from Superior Oscillator (AO) revealed that the token’s upward momentum is gaining momentum.

If this momentum additional strengthens, NEO might defy the bearish bias and rise to $25 within the brief time period.

tons

The 4-hour chart of TON/USD illustrated how the bulls supported the $4.85 fundamentals and reversed the resistance at $5.89. After that, costs rose. Nevertheless, though the Relative Power Index (RSI) confirmed that the token is overbought, it appears the bulls will not be able to let their guard down simply but.

Moreover, the Fibonacci degree at $0.786 is $6.11, indicating that TON might expertise a nominal rebound. On a optimistic notice, the Fib degree confirmed that TON might develop to $9.56 within the brief time period.

LTO

In keeping with the Supertrend indicator, LTO issued a purchase sign on April eighth at $0.23. Shortly after, the worth skyrocketed to $0.27. Nevertheless, this rise didn’t final lengthy and the worth fell to $0.25.

This development may make you suppose that LTO worth will increase could be negated. This was additionally supported by the Transferring Common Convergence Divergence (MACD). Though the MACD studying was optimistic, his EMAs on the twelfth and twenty sixth are following the identical route, indicating that sellers are cautious of patrons.

If this example continues, LTO worth might fall to $0.23 or commerce sideways. Nevertheless, if bullish momentum reappears, the worth of the token might rise to $0.30.

Ena

ENA has been among the best performing belongings over the previous few days. Up to now 7 days, the worth of the token has elevated by 98.15%.

From April seventh to eighth, ENA worth fell from $1.26 to $1.11, erasing a few of the positive factors. Nevertheless, the bulls sensed the sellers have been drying up and have been capable of make the most of this and push the worth as much as $1.37.

Regardless of the rise, the RSI confirmed that the bulls keep their shopping for momentum and ENA shouldn’t be overbought but. On this case, it signifies that the worth can proceed to rise and will attain $1.50 within the brief time period.

The Cash Movement Index (MFI) on the hourly chart additionally strengthened its RSI sign. On the time of writing, the MFI was 75.11, indicating a gradual circulation of funds into cryptocurrencies. So long as liquidity continues to circulation into ENA, worth appreciation appears doubtless.