Decision on Ethereum Spot ETF Approval On the Horizon: Here are the Top Altcoins to Watch This Week
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The second-largest token in the market, Ethereum, displayed a strong move towards the north after undergoing silent moves for over 20 months. The merger or the hard forks also did not have an impact on the ETH price as the fresh rounds of spot Ethereum ETF approval knocked into the crypto space. With this, some other tokens are also expected to gain momentum and surge with huge momentum.
Pepe (PEPE)
Pepe price has displayed acute strength ever since the ETH price advanced beyond the interim resistance levels. By forming a new ATH, the token has managed to flip the market capitalisation of Uniswap and enter the top 20 tokens. The market sentiments have flipped in favour of the memecoin and hence it is believed to reach greater heights in the coming days.
Ondo (ONDO)
Ever since its inception, the Ondo price has maintained a steep upswing and in the event of a bearish attack, the levels remained more or less at equilibrium. However, the recent bullish push has helped the price rise above the accumulation phase, which is just 10% away from its recent highs. With another bullish push, the price may regain $1 initially and later enter the discovery phase and form a new ATH at or above $1.5.
Render (RNDR)
The Render price had formed new highs above $13 just before the end of the first quarter of the year, which caused a massive pullback. The price is consolidating within a pre-defined range and the latest move has caused a strong upside move. Therefore, it is believed that the price may maintain an ascending trend to reach the upper resistance zone and eventually mark a new ATH after approval.
enqAI (EnqAI)
The enqAI just marked new highs in the last few days, which was followed by a 50% pullback. However, after finding a strong base, the price triggered a strong rebound and printed consecutive bullish candles and it is just 13% to 15% away from testing the highs. The technicals are bullish and hence the price is believed to maintain a healthy upswing hereafter and enter the final resistance zone. If the bulls display strength here, a breakout may cause the EnqAI price to find new highs above $0.15.
Pendle (PENDLE)
Pendle price has been making significant moves in recent times and gaining attention from market participants. The trend has remained elevated since the start of the second quarter and after a successful rebound, the price is again heading towards its previous highs. The rounds of Spot ETH ETF approval has offered the required strength to maintain an ascending trend and form new highs above $8.
