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Bitcoin May Touch $90k Before Summer – Which Altcoin Will Benefit Most?

Bitcoin has been climbing steadily and could hit $90,000 by summer. This surge is likely to impact various altcoins. The article explores which digital currencies stand to gain the most from Bitcoin`s potential rise. Discover the altcoins poised for significant growth, offering unique opportunities for investors. SUI Coin Analysis: Short-Term Dip with Six-Month Recovery SUI experienced a near 9% drop over the past month with a weekly decline of roughly 9%. In contrast, the six-month performance shows a recovery of about 6%. This mixed behavior highlights volatility in the short term alongside a medium-term rally that suggests a gradual resurgence. Price swings indicate that the coin has been testing its limits in both bearish and modestly positive conditions. Current trading levels range from $1.74 to $3.03, with clear support at $1.21 and resistance at $3.78, followed by a second resistance at $5.07. Technical indicators show a near-neutral RSI at 46 and a slightly negative moving average sentiment, suggesting a dominant bearish short-term bias. Traders might consider buying near support while monitoring the resistance zone for potential breakout or reversal opportunities. Ondo (ONDO): Steady Month, Rising Six-Month Momentum ONDO prices increased slightly by 0.86% last month, while the six-month performance recorded a solid 10.31% gain. The coin has shown stable behavior recently, with a gradual upward trend observed over the longer term. This resilience in price action reflects a growing confidence among investors, suggesting a positive outlook as the market stabilizes. Current trading sees prices fluctuating between $0.60 and $1.10. Key resistance is established at $1.42, with another level at $1.92, while support is found near $0.41. Market dynamics show neither bulls nor bears gaining a decisive edge, as technical indicators are near neutral. Consider buying closer to support and monitor for potential breakouts above the resistance levels. Ethena (ENA) Price Analysis: Decline and Key Trading Zones Ethena experienced a 16% drop over the past week, a 25% decline in the last month, and a nearly 27% fall over the past six months. These figures indicate a continuous downward move that has kept market sentiment weak throughout these time frames. The price trajectory shows a persistent bearish trend without any significant recovery signs during these periods. Current levels feature a near-term resistance around $0.53 and support near $0.24, with an additional target resistance at $0.68 and a lower support at $0.09. Indicators point to bearish dominance and the absence of a clear upward trend. Traders could consider looking for opportunities to buy near the support, while remaining cautious in the prevailing downtrend. Conclusion If Bitcoin reaches the projected high, SUI , ONDO , and ENA are likely to benefit. SUI may attract attention due to its innovative features. ONDO could see gains with its unique appeal. ENA might also rise, leveraging investor interest and market trends. The next few months could be crucial for these coins as Bitcoin`s influence impacts the broader market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTurk News

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Michael Saylor Plans Up to $2 Billion Bitcoin Purchase as Pantera Capital CEO Predicts $745,000 Price

Michael Saylor, CEO of MicroStrategy Inc., is reportedly planning a substantial purchase of Bitcoin, with rumors suggesting a buy of up to $2 billion worth of the cryptocurrency. This follows an announcement from Saylor that MicroStrategy will continue to acquire more Bitcoin. Additionally, Pantera Capital`s CEO has projected that Bitcoin could reach a price of $745,000. These developments indicate strong bullish sentiment around Bitcoin from prominent investors and firms in the cryptocurrency space. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinTurk News