These 3 Altcoins Will BREAK Their ALL-TIME HIGHS!

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Bitcoin is hitting record highs and sparking renewed interest in digital assets. Meanwhile, certain under-the-radar altcoins are projected to shatter their all-time highs. This thrill in the crypto market can be traced back to the recent event involving Gary Gensler of the SEC and new regulations for Bitcoin ETFs. The unfolding scenario gives these altcoins further momentum and a compelling storyline for eager investors.

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ARB Faces Short Term Risk Post-Woofi Attack, Potential for Long-Term Growth Remains

The recent $8M attack on Woofi's Arbitrum lending market has shaken confidence. While maintaining its neutrally recommended RSI and Stochastic action, ARB's current price is $2.14 with nearest resistance level at $2.18. This might imply short term risk with potential of downwards trend towards nearest support level of $1.70.

While there may be turbulence, buying recommendations have arisen from both MACD and SMA analysis. Along with the evidence of strong support levels well above the 100-day SMA of $1.69, there could be opportunity for long-term growth despite the current challenges, possibly heading to a second resistance level of $2.42.

Cardano Price Analysis: Potential Long-Term Growth Despite Risks

Cardano has recently been excluded from a notable investment fund, but its current price of $0.75 aligns with the nearest resistance level. Nearest support rests at $0.52, a hopeful cushion should prices fluctuate. The intersections of the simple moving averages at 10-days ($0.71) and 100-days ($0.56) both recommend a buy action. This showcases potential long-term growth despite recent exclusions.

On the other hand, the ADA price appears in a vulnerable position with its second resistance level at $0.85. With the neutral RSI and Stochastic RSI Fast actions, the MACD hints at a buy option. It is important to note that any pullback from the current price could test the $0.38 area, the second support level. This introduces a notable risk factor in the short term market journey.

Positive Trend in Optimism Cryptocurrency Surpasses $4 Mark

Optimism is witnessing a positive upward trend, surpassing the $4 barrier, and shaking off market apprehensions. Based on the current price of $4.61 and the recommended actions from multiple indicators such as RSI, MACD, and SMA, both short-term and long-term traders hold strong possibilities. The nearest resistance level of $4.32 has been bypassed, paving the way for the crypto to even surpass the second resistance level of $4.95.

Conversely, it is crucial to bear in mind market unpredictability while enjoying the current rally. Despite a general buy recommendation, the fact that the nearest support level stands at $2.95 and the second at $2.20 underlines that there is room for the downward trend. Market volatility, therefore, could make investors reassess their strategies and respond accordingly.

Conclusion

As the crypto market continues its thrilling course, altcoins like ARB, Cardano, and Optimism also have exciting prospects. However, it is the layer two solution, BlastUP, that is captivating keen investors. With its secure environment, passive income opportunities, and unrivaled growth potential within the Blast ecosystem, BlastUP stands apart as an investment with unparalleled potential. Its carefully curated projects and commitment to innovation and community empowerment underscore its growing promise to break all-time highs.

Site: https://blastup.io/

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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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