$ENS $SNX $SHIB

Investors Should Take Note! These 2 Altcoins Could Be Ready to Soar!
Bitcoin (BTC) and Ethereum (ETH) are preparing for a potential uptrend week, while altcoins such as Synthetix (SNX) and Ethereum Naming Service (ENS) are seeking additional market momentum for a rapid rise. The recent approval of spot Ethereum ETFs in the US has increased market sensitivity, leading to an optimistic outlook for these altcoins. This recovery is preparing SNX and ENS investors for a potential wave of gains they eagerly anticipate.
Price Target for ENS: 60% Upside Potential
The price of ENS recorded an impressive surge of approximately 80% last week, forming a engulfing bullish candle on the weekly chart. This movement indicates a strong upward trend overcoming the effects of the observed decline last month.
The price surpassed the 23.60 Fibonacci retracement level and buyers are now targeting the $28 supply zone. A successful break at this level could see the price extend to the 50% Fibonacci level at $41.58. If the upward momentum continues, ENS's price could reach the psychological $50 level by the weekend.
SNX's Price Prepares for the $4 Zone
In the midst of the bull run in the market, Synthetix's SNX gained momentum, setting the stage for a recovery rally. Last week, SNX saw a 17% price increase and completed a morning star formation on a weekly time frame. This formation significantly increased the chance of a long-term recovery, indicating a potential trend reversal.
If this recovery continues, SNX may be expected to challenge the $5 supply zone for a significant breakthrough and further strengthen the bullish outlook.