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Cryptocurrency News Articles

Celestia (TIA), Fetch.AI (FET), and Dogwifhat (WIF) Position Themselves for Potential Growth as Three Cryptocurrencies Show Strong Momentum

Oct 13, 2024 at 03:51 pm

Leading analysts point to significant breakout opportunities for TIA and FET. Other cryptocurrencies, including MANTRA and Worldcoin, are also posting solid gains.

Celestia (TIA), Fetch.AI (FET), and Dogwifhat (WIF) Position Themselves for Potential Growth as Three Cryptocurrencies Show Strong Momentum

Three cryptocurrencies that have shown strong momentum this week are Celestia (TIA), Fetch.AI (FET), and Dogwifhat (WIF). All three assets have rallied significantly, outpacing the broader market and positioning themselves for potential growth.

Celestia (TIA) has sparked interest among traders with its modular blockchain design and overall market sentiment. The cryptocurrency surged by 9.1% in the past 24 hours to reach a price of $5.56. This rally follows a period of consolidation and a downtrend from its all-time high (ATH) of over $20.

However, analyst Poseidon points to this downturn as a potential driver for upcoming price action. According to Poseidon, TIA's drop from $20 to $4 was a brutal downside trend that might now be nearing its end. The analyst highlights the price ranging between $4 and $7 for about four months, which could indicate a potential bottom.

After a brief weekly dip, Fetch.AI (FET) recovered with an 8.8% gain in the past 24 hours, bringing its price to $1.46. The project aims to integrate artificial intelligence with blockchain technology to support decentralized systems.

Captain Faibik points to FET’s breakout retest, which has been confirmed on the daily chart. According to Faibik, this positions FET for a massive bullish rally. The analyst urges traders not to miss this opportunity, hinting at the potential for substantial short-term gains in FET.

Dogwifhat (WIF) led the market with a 16.5% rise in the past week. The asset is currently priced at $2.73 and has gained 8.9% in the last 24 hours, showcasing sustained upward movement and strong demand in the market.

As one of the week's top performers, WIF could see continued gains if current momentum holds. According to trader Bitforce, after seven months of consolidation, WIF is breaking out of its massive channel. Despite the asset being up over 2,000% from its lower Fib targets, the trader expects the price to hit upper Fibonacci targets.

Moreover, trader Vutek highlights that WIF is making its second attempt to create a higher high against Bitcoin. If the asset manages to break through, it could lead to a sharp increase toward its ATH. According to Vutek, this is a promising signal, posing the question, “How can you not be bullish on a chart like this?”

Other Gainers: MANTRA (OM) and Worldcoin (WLD) Showcase Positive Momentum

In addition to the above mentioned coins, MANTRA (OM) and Worldcoin (WLD) have also seen strong gains in the past week. Notably, both assets are up over 10%, outperforming the broader market and attracting attention for their decentralized finance (DeFi) and Web3 initiatives.

MANTRA, a community-governed DeFi protocol, has risen by 11.78% over the last seven days, with a 5.35% gain in just the past 24 hours. Priced at $1.51, MANTRA's consistent growth suggests a steady rise in demand for DeFi platforms.

Meanwhile, Worldcoin recorded a 12.05% increase over the last day and 6.71% over the week, pushing its price to $1.94. The one-day and four-hour graphs show a continuous upward trend, mirroring the overall bullish sentiment in the market.

Original source:coinedition

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