Altcoin
These altcoins are close to the start of a 100% recovery, will they follow JASMY’s price rally?
The markets are becoming more fascinating every day as the bulls are slowly showing their strength to minimize the bearish attention. Top tokens have demonstrated their ability to move towards higher targets, while the constant downtrend has remained a major concern. However, after JasmyCoin’s breakout, altcoins such as Injective (INJ), ORDI (ORDI), and Sei (SEI) have shown a huge probability of 100% recovery.
The INJ, SEI, and ORDI altcoins have been stuck in a deep downtrend for quite some time, and thus a bullish breakout is imminent. Injective price has started with a bullish recovery after the recent breakout and is trying to enter one of the crucial resistance zones.
In the last two attempts, the bears successfully defended the resistance zone and pushed the levels by almost 20%. However, the price was inside the descending wedge then, but after a breakout, the INJ price is now believed to be successful. Once it breaks out of these zones between $28.63 and $29.56, it could face critical resistance at $31.02. A rise above these levels could start a bull run towards a new all-time high.
A similar pattern is observed with SEI (SEI) and ORDI (ORDI). Both tokens are trading inside a descending wedge and preparing hard to initiate a strong rebound.
SEI price is attempting to break above the upper resistance of the wedge, and if a clear breakout occurs, a rise towards the crucial trend reversal zone at $5892 could be the next pit stop. Once these levels are secured, the SEI price is expected to trigger a new recovery. Furthermore, ORDI price has started with a bullish bounce as it breaks above resistance and tests a crucial zone.
After reaching the upper resistance of the wedge, the price broke out following a parabolic recovery. The price is now at the neckline of the curve, also considered the trend reversal zone. If the bulls can break out of this zone, it could be considered the start of a new recovery. Therefore, ORDI price could trigger a pullback where resistance could offer strong support or the curve could initiate a strong rebound above $75.