• Aptos shows bullish signs, approaching a golden crossover for potential gains.
  • Pyth Network’s breakout signals recovery, targeting $0.50 with momentum building.
  • Ethena’s inverted head-and-shoulders pattern suggests a breakout above $0.37.

The crypto market, excluding Bitcoin and Ethereum, recently plunged below $600 million. However, Bitcoin’s recent surge to $62,000 has sparked some relief. This rebound offers hope for altcoins showing signs of recovery.

Despite global tensions rising , some altcoins are hinting at a comeback next week. Could this be the right time to buy? Let’s take a closer look at three altcoins that deserve attention: Aptos, Pyth Network, and Ethena.

Aptos (APT)

APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? image 0 APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? image 1

Source: Trading View 

Aptos (APT) is gaining strength, showing a bullish reversal pattern on the daily chart. The price has moved above the 200-day EMA and remains stable above the 23.60% Fibonacci level at $8.11. 

The 50-day EMA seems ready for a golden crossover with the 200-day EMA, signaling a potential uptrend. Aptos stands firm, even with the broader market decline. The RSI line on the daily chart approaches the overbought zone, pointing to growing momentum. 

If the price continues upward, the next target will be the 38.20% Fibonacci level at $10. With a broader market recovery, a climb to $15.28 could follow.

Pyth Network (PYTH)

APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? image 2 APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? image 3

Source: Trading View 

Pyth Network (PYTH) is showing signs of recovery, bouncing from a key support level at $5. A triangle breakout pattern suggests a potential rally, supported by a local trendline. The RSI is also climbing from the halfway point, indicating growing momentum. 

Read CRYPTONEWSLAND on google news

If the recovery continues, the next target will be the 200-day EMA. Based on Fibonacci levels, the price could reach $0.50, with a possible surge to $0.67 depending on market conditions.

Ethena (ENA)

APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? image 4 APT, PYTH, ENA Eye a Strong Recovery Week: Opportune Time to Accumulate? image 5

Source: Trading View 

As of writing, Ethena (ENA) is trading between $0.20 and $0.37, showing a consolidation phase. However, a shift in sentiment points to an inverted head-and-shoulders pattern, suggesting a possible breakout at the $0.37 neckline.

The right shoulder seems to be forming near the 50-day EMA, hinting at a potential price move. A breakout above the neckline could push the price to the $0.50 psychological mark. With market improvements, higher targets like $0.70 and $0.85 may also come into play.

These three altcoins—APT, PYTH, EN, show strong potential for recovery in the coming week. Accumulating now could offer a timely opportunity for gains in the week ahead.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.