Discover the top cryptocurrencies that are expected to make waves this week, including Manta Network (MANTA), Shiba Inu (SHIB), and FTX Token (FTT). Stay ahead of the game and keep an eye on these promising digital assets!
Manta Network Makes a Splash
With a new all-time high (ATH) under its belt, the Manta Network’s native token, MANTA, has demonstrated an extraordinary performance since its recent launch. The token’s introduction at a mere $0.05 set the stage for a staggering surge, culminating in a 6,559% rise to an ATH of $3.33. Despite experiencing a significant drop, MANTA showcased resilience, ending its debut day with gains still in the quadruple digits. The following days were a mix of ups and downs, but the token maintained an overall uptrend, securing yet another ATH at $3.89. With eight intraday gains in just over a week, MANTA is a coin to watch closely.
Shiba Inu’s Quest for a Comeback
Shiba Inu (SHIB) has mirrored the broader market’s volatility, particularly feeling the impact of Bitcoin’s recent tumble. After relinquishing support at the $0.000009 level, SHIB hit a low not seen since the start of the year. However, the resilient token found footing amid a market recovery, aiming to reclaim higher support zones. Today, SHIB faced resistance after a slight rise, but its trajectory suggests a potential push to retest the $0.00001 mark. Resistance levels to watch include $0.00000955 and $0.00000981 as the token continues its recovery.
FTX Token’s Bullish Pattern in Sight
Despite the shadows cast by the FTX collapse, the FTX Token (FTT) is carving out a potential bullish double-bottom pattern. This pattern, characterized by two low points with a recovery in between, signifies a possible end to a downtrend and a reversal to the upside. FTT’s recent drop to $2.47, slightly above its previous low, has set the stage for this technical formation. As the market begins to recover, FTT is aiming to establish a neckline, a move that would confirm the pattern and could signal the beginning of a more substantial rebound. To solidify this bullish outlook, FTT will need to break through the $3.2 resistance level.
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