The Ethereum (ETH) price encountered a significant obstacle at the $2,400 resistance, while TRON (TRX) is heading up. While both cryptocurrencies are showing different on-chart data, they can both recover soon. Meme Moguls (MGLS), on the other hand, is dominating with its blockchain ICO. We will explore the opportunities provided by each cryptocurrency to see how far they can rise.
What you'll learn 👉
Ethereum (ETH) Faces Resistance at $2,400 – Is $3,284.19 Possible?
The recent Ethereum (ETH) price momentum has led to a consolidation phase. A detailed examination of the overall price chart for the Ethereum crypto reveals an ascending consolidation period. The price is approaching substantial resistance at $2,400. This zone includes a static resistance that aligns with the upper boundary of a multi-month wedge pattern. This has formed a robust barrier.
Despite this, the Ethereum price has bullish momentum. A successful breach above this range could result in a renewed bullish surge. A sudden rejection could lead to a sustained cascade at the 100-day and 200-day moving averages. Yet, according to the Ethereum price prediction, a surge to $3,284.19 can occur by the end of 2024.
TRON (TRX) to Pass Hurdle at $0.11 – Projected to Spike at $0.1847
TRON (TRX) has paused its gains after a runaway and is hovering above neutrality while remaining close to the 20-day EMA mark. The trend is still intact and favors the bulls. The price for the TRON crypto is trading between $0.10 and $0.11.
Amid the crypto market rally, the total surge was by 90.8%, indicating massive potential for the TRON price moving forward. Analysts have maintained a neutral rating and suggest that TRX could soon surpass the immediate hurdle at $0.11 in the following sessions. According to the TRON price prediction, it can rise to $0.1847 by the end of 2024.
Meme Moguls (MGLS) Enters Stage 4 of Presale – Price to Surge 3,000%
Meme Moguls (MGLS) is an upcoming P2E meme-oriented ecosystem that can innovate in the industry. The platform has made record-breaking sales. It has moved towards the next stage of its presale, as it has been seen as one of the best cryptos to buy.
This appeal is due to the engaging environment for users, as they can access a diverse in-game experience with the MGLS crypto. They can enjoy simulated trading challenges alongside a dedicated Casino game and can climb up the leaderboards.
Each player can also increase their holdings of the MGLS crypto by staking them on the platform’s dedicated staking pool. The more tokens a player stakes, the more rewards they can get.
They can even engage in challenging game modes, such as attempting to outperform the S&P 500 index, which can result in a substantial bonus and increased token returns if done successfully. Now at Stage 4, MGLS trades at $0.0027, and analysts project a major price upswing of 3,000% at launch.
Summary
Aside from Ethereum’s volatility and TRON’s upward momentum, the dominance of Meme Moguls is also noticed. With its rapid sales momentum and vast ecosystem, it is in a position to become a dominant force in 2024 and beyond. These aspects make it one of the best cryptos to buy.
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