The cryptocurrency market continues to maintain positive momentum, despite Bitcoin (BTC) unexpectedly sliding below the $118,000 mark. Meanwhile, prominent altcoins such as Ethereum Name Service (ENS), Curve DAO (CRV), and Sei (SEI) remain strong in expanding their gains. Technically, the bullish trend is gradually becoming more dominant as the recovery momentum is solidified, and indicators are starting to signal the potential formation of a trend reversal.
ENS is aiming for higher gains as bullish momentum continues to increase.
As of the time of writing, ENS has increased nearly 9%, marking its fourth consecutive gain on the daily chart. Notably, this altcoin has just set the highest peak in the past 5 months, slightly surpassing the resistance level of $24.88 - a price level that was rejected on June 11.
If ENS can decisively close the daily candle above this level, the reversal recovery trend may be solidified, with the next target being the $28.29 area - a price level that was last reached on February 23.
Technically, the 50-day exponential moving average (EMA) is preparing to cross above the 100-day EMA - a typical buy signal for investors looking for safe entry points.
At the same time, the MACD indicator also reinforces bullish prospects as histogram bars rise sharply above the 0 line, indicating that the bullish momentum is being significantly driven.
However, in a negative scenario, if ENS cannot hold the support level of $24.88, the price may reverse and adjust to test the 200-day EMA around $21.33.
CRV approaches resistance at $0.80, aiming for higher targets.
CRV continues its slight upward trend with a 4% increase in Wednesday's trading session, marking its fourth consecutive day of gains. The current recovery is aiming for the 50% Fibonacci retracement level at $0.80, measured from the peak of $1.24 on December 6 to the bottom of $0.36 on March 10.
If CRV can close above this level, the bullish trend may be solidified, opening opportunities to advance to the next resistance area at the 61.8% Fibonacci level, equivalent to $0.91.
Notably, the 50-day and 200-day exponential moving averages (EMA) have formed a golden cross - a technical signal that often indicates a significant trend reversal, showing that the short-term trend is gradually becoming dominant over the long-term trend.
The MACD indicator also gives a bullish signal as both the MACD line and the signal line cross above the 0 line, while the green histogram bars are also significantly increasing - reflecting a substantial increase in buying pressure.
However, if CRV cannot break the $0.80 level and is rejected here, the price may reverse and adjust to the nearest support area around $0.73 - the closing level on June 10.
SEI breaks resistance, aiming for new highs.
As of Wednesday's trading session, SEI recorded a slight increase of 1%, maintaining the full momentum of a 10% rise from the previous day. This altcoin has just set its highest peak in six months after breaking through the important resistance level at $0.3642 - a level that was last challenged on January 21.
If SEI can form a strong bullish candle and decisively close above this level, the bullish trend is likely to extend to the $0.4804 area - the highest point since the beginning of 2025.
Technically, the 50-day EMA is approaching and preparing to cross above the 200-day EMA, raising hopes for the formation of a golden cross - a classic bullish signal. Additionally, the MACD indicator has also crossed above the signal line, along with expanding green histogram bars above the 0 line, indicating a significant increase in bullish momentum.
However, in a negative scenario, if SEI cannot hold the $0.3642 level at the closing, profit-taking pressure may pull the price back to test the support area at $0.3066 - the old peak set on June 24.
