ENS, CRV, SEI Lead Top Crypto Gainers as Bulls Push for More Breakouts
The cryptocurrency market saw strong momentum in select altcoins on Wednesday, even as Bitcoin remained under pressure below $118K. Leading the rally were ENS (Ethereum Name Service), CRV (Curve DAO Token), and SEI, all showing bullish breakout patterns and technical strength.
ENS surged nearly 9%, marking its fourth consecutive daily gain. The token hit a five-month high above $24.88. If it holds above this level, bulls may aim for the next target near $28.29. The MACD indicator showed strong momentum, and the 50-day EMA is closing in on the 100-day EMA — a positive sign for further gains.
CRV also rose about 4%, extending its rally for the fourth day in a row. The token is currently testing the $0.80 resistance level, aligned with a key Fibonacci retracement. A golden cross formation — where the 50-day EMA moves above the 200-day EMA — has formed, with MACD also signaling strong upward pressure. If CRV breaks above $0.80, the next potential target lies near $0.91.
SEI added another 1% after a sharp 10% rally the previous day. The token broke above $0.3642, hitting its highest level in six months. Technical indicators remain bullish, with a possible golden cross forming. If the rally continues, SEI could eye the $0.48 level. However, a drop below $0.3642 might lead to a correction toward $0.3066.
Impact:
If the current bullish momentum holds, ENS, CRV, and SEI could see further upside. However, a sudden shift in crypto sentiment or continued weakness in Bitcoin might cause short-term pullbacks.