Top Altcoins To Watch Out For Potential Gains This Week: FTM, HNT and ENS In Focus

Date: Mon, Dec 16, 2024, 04:01 AM GMT

The cryptocurrency market has kicked off the week on a high note, with Bitcoin (BTC) reaching a new all-time high of $106,000, gaining 1.83% in the past 24 hours. Riding on this bullish wave, several altcoins are making notable moves.

Following this, the major altcoins are continuing their upside rallies, including Fantom (FTM), Helium (HNT), and Ethereum Name Services (ENS). These tokens have made impressive gains today, following key resistance breakouts and could record more potential gains this week as they have already gained bullish momentum with solid 30-day performances.

Source: Coinmarketcap

Fantom (FTM):

Fantom (FTM) surged 13% today, climbing to a high of $1.47 after breaking a critical resistance level. It is now consolidating around $1.40, retesting the breakout level.

If FTM maintains its bullish momentum, it could target the next resistance level at $1.67, representing a potential 20% upside from its current price. Historical patterns following similar breakouts suggest strong chances of continued upward movement.

Helium (HNT):

Helium (HNT) recorded impressive gains, rising by over 10% to reach its current price of near $10. The breakout above its previous resistance at $9.60 has set the stage for further growth.

While the bullish trend remains intact, we might see a retest of the $9.60 level before HNT approaches its next resistance at $10.99. If the momentum continues, a successful break above this resistance could pave the way for even stronger rallies in the coming day

Ethereum Name Service (ENS):

Ethereum Name Service (ENS) gained 7% today, hitting a high of $50.47 after breaking through a key resistance. Currently, it is consolidating around $47.52, retesting its breakout point.

If ENS successfully breaks above the $50.47 resistance, it could spark a significant bullish rally. The next major target lies at $82, representing a 72% potential upside from its current price.

Market Outlook

With Bitcoin leading the market’s momentum, altcoins like FTM, HNT, and ENS are showing strong potential for gains. These tokens have already demonstrated significant performance in recent weeks, and if the current momentum continues, they could deliver substantial returns for investors.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research and consider market risks before investing in cryptocurrencies.

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