The Fetch.ai (FET) price movements showcase a bullish perspective during January of 2024. The price was reflecting robust bullish momentum, and this could push it towards moving away from the 50-day EMA and reaching new heights. Cardano (ADA) also showcased a significant upswing, which results in an outlook that the crypto is poised for a significant uptrend with a potential price increase in the coming trading sessions. Pullix (PLX) is also bullish and could soon reach new heights. To determine why these cryptos are climbing, we will individually go over their on-chart data.
Fetch.ai (FET) Approaching $0.7 Level – Is a Climb Above $1 a Possibility?
The Fetch.ai (FET) altcoin is showing strength on the charts. The price action is making higher highs, and higher lows on the weekly charts. This is a demonstration that the Fetch.ai crypto is bullish and has no intention of slowing down anytime soon.
The Fetch.ai price is gradually approaching the $0.7 level, which it will likely reach soon. Sellers found themselves in a defensive position after breaking a wide range of resistance levels with significant vertical gains over the past few sessions. As a result, investors are now exhibiting strong intent to continue this upward trend. The RSI is above 50, and this indicates neutrality. If the crypto does indeed carry on this bullishness, according to the Fetch.ai price prediction, it can end 2024 at a value of $1.17.
Cardano (ADA) Rises 20% – Is Further Growth Possible?
Cardano (ADA) is well-positioned to be above the stop-loss point at $0.50, providing an opportunity for it to reclaim upper price targets. Successful recovery from this support could reignite the crypto, which can result in a major Cardano price rally.
Moreover, if bearish signals intensify, the Cardano crypto could experience a decline. Yet, the weekly chart for this altcoin is bullish as the crypto moved from $0.51 to $0.61. The upward trajectory is likely, as according to the Cardano price prediction, it will end 2024 at $0.8860.
Pullix (PLX) Accumulated by 3,500 Traders and Nears $4 Million – Price to 100x at Launch
Pullix (PLX) is an upcoming DeFi project that has benefited from the bullish price fluctuations throughout the broader Web3 space, as its presale has already reached a major milestone. Reaching almost $4 million, over 3,500 traders accumulated the crypto, and 11,000 signed up.
A major point of appeal for Pullix is its ability to address key challenges in CEXs and DEXs and completely change how people access the TradFi space by making it easier and offering high liquidity and transparency.
The platform will offer lower fees and an increased level of security and user privacy. Users will not need to undergo KYC procedures. All of the features will be available, and anyone can trade with deep liquidity. They can begin trading stocks, forex, ETFs, and commodities from a single account. So far the presale has reached Stage 6, where PLX trades at $0.08. At launch, analysts anticipate a price upswing of 100x.
Summary
Fetch.ai saw a significant upswing, and Cardano could soon see a major increase as well, and initiate a bullish rally. Yet, Pullix is getting the most significant attention with its blockchain ICO, as it has already reached major milestones. With its unique offering, it can become one of the best projects to get into for the year.
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