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With the optimism around the spot ETF of two leading cryptocurrencies Bitcoin and Ethereum, the crypto market is returning on its recovery path. From the two weeks of November, a major coin has showcased significant bolster the potential of the next bull run. Anyhow, the below coins are peak performers of this week, holding suitable potential for extended recovery if bullish market sentiment persists.
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FTX Token Price Analysis: Cup&Handle Pattern Set $10 Target
Source- Tradingview
Following the crash, the FTT price found a remarkable increase in the underlying demand as the sale of FTX’s assets started. With the FTT price gaining 258% in three days, the crypto price trend forms three consecutive candles.
The upswing shatters several critical resistance levels, the crypto price reaches the height of $5.52. However, as buyers take a short pause, the pullback in FTT price leads to a 25% bear candle to retest the $3.25 mark.
As buyers reclaim the momentum, the uptrend continues and may shortly complete a cup and handle bottom pattern to surpass $5.52. With a bullish break, the altcoin can reach the $8 mark.
0x Protocol Price Analysis: Has ZRK Hit Bottom at $0.15?
Source- Tradingview
With several months-long consolidations, the ZRK bulls refuel the bullish sprint momentum and tease a rounding bottom pattern. The trend reversal rally ignites as the uptrend gains momentum following the reversal from the crucial support of $0.1545.
Following the recent jump to the critical resistance of $0.51, the uptrend sustains momentum and hints at a bullish break. Considering the uptrend sustains, the breakout rally can reach the psychological mark of $1.
On the flip side, a reversal to the $0.30 is possible.
Celestia Price Analysis: Minor Pullback Before the Next Surge
Source- Tradingview
Following the recent consolidation range breakout, the TIA buyers complete a bullish flag in the 4-H chart. With the bullish reversal from the $2.27 mark, the uptrend shows a drastic jump to the $4.45 mark as the altcoins market recovers.
Moreover, with multiple candles showing ongoing lower price rejections, the possibility of a bullish comeback is stronger. Further, the $4.55 breakout can prolong the uptrend and surpass the $5 psychological barrier. On the flip side, a pullback phase can reach the 38.20% Fibonacci level at $3.66.
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