In January 2024, the price movements of Fetch.ai (FET) reflect an optimistic outlook. The strong bullish momentum was evident in the price, which may cause it to break over the 50-day EMA and rise to new heights. Cardano (ADA) also demonstrated a notable upswing, suggesting that the cryptocurrency is in position for a notable advance and possible price increase in the upcoming trading sessions. Pullix (PLX) is likewise optimistic and may soon hit new highs. We will examine each cryptocurrency’s on-chart data separately to ascertain the reason behind its ascent.
Fetch.ai (FET) is getting close to the $0.7 mark; might it rise above $1?
On the charts, the altcoin Fetch.ai (FET) is performing well. On the weekly charts, the price activity is reaching higher highs and lowers. This demonstrates the bullishness of the Fetch.ai cryptocurrency and its lack of plans to slow down anytime soon.
The $0.7 mark is getting closer to Fetch.ai, and it will probably get there soon. Following several sessions in which sellers broke through a wide range of resistance levels with notable vertical gains, they found themselves in a defensive posture. Consequently, investors are presently demonstrating a strong desire to maintain this upward trajectory. When the RSI is greater than 50, neutrality is indicated.
Cardano (ADA) Jumps 20%; Could It Grow Even Further?
Cardano (ADA) has a good chance to recover higher price objectives because it is positioned above the stop-loss threshold at $0.50. Reviving the cryptocurrency with a strong bounce from this support might lead to a significant increase in the price of Cardano.
In addition, if negative indicators get stronger, the Cardano cryptocurrency may fall. Nevertheless, the altcoin’s weekly chart is optimistic as it increased from $0.51 to $0.61. The Cardano price forecast indicates that it will end 2024 at $0.8860, indicating that a higher trajectory is anticipated.
3,500 Traders Have Accumulated Nearly $4 Million in Pullix (PLX) – Price to 100x at Launch
As its presale has already achieved a significant milestone, Pullix (PLX), an anticipated DeFi initiative, has profited from the optimistic price changes throughout the broader Web3 area. 11,000 traders signed up, and over 3,500 merchants amassed cryptocurrency worth over $4 million.
Pullix’s potential to solve important issues with DEXs and CEXs and fundamentally alter how consumers access the TradFi space by making it simpler and providing high liquidity and transparency is one of its main selling points.
Together with more security and consumer privacy, the platform will have reduced prices. Users won’t have to go through KYC processes. Anyone will be able to trade with deep liquidity and all of the features will be accessible. With only one account, they may start trading stocks, FX, ETFs, and commodities. The presale is currently in Stage 6, with PLX trading at $0.08. Analysts predict a 100x price increase upon launch.
