ORDI, TON, ENS Top This Crypto Analyst’s Watchlist

• 1 ORDI token made a double bottom formation on the chart.
• 2 Toncoin is moving sideways near its ATH mark and will soon blast off.
• 3 ENS token gained traction and revealed a speculative move this week.

Amidst the calm in the market, few crypto altcoins were lapping up gains slowly & steadily. Despite the fear in the market, ORDI, TON and ENS reflected speculative moves in the last few trading sessions.

Nonetheless, the market was delivered uncertain cues, which led investors in a dilemma to make a new position and looked nervous. Amidst this, ORDI made a double bottom formation and gave signs of accumulation this week.

Meanwhile, Toncoin (TON) paused near its ATH mark and is waiting for further action to breach the $8 mark. Likewise, ENS exited the correction phase and began to accelerate.

ORDI Makes Double Bottom: Rebound Likely Ahead?

The ORDI token has made a double bottom pattern and displayed signs of reversal, investors have an eye on and are would be looking to bet on it to ride with the reversal ahead.

Meanwhile, the token is below its key moving averages and looked slightly negative on the chart. Recently, it broke below a range and corrected over 30% this month.

Source: TradingView

Until the token not reclaimed the $50 mark, selling on rise structure remained intact. At press time, ORDI was traded at $37.20 with an intraday gain of 3.52% reflecting a pullback in the intraday sessions.

Notably, the RSI curve dragged to the oversold region and suggested a pullback may be seen ahead. Meanwhile, the MACD indicator displayed a bearish crossover on the chart.

Could Toncoin Resume the Outperformance Beyond the $8 Mark?

Since last week, the Toncoin price has decisively stayed in the upward trajectory and took a pause near the $8 mark. Meanwhile, the trend is intact and buyers are continuing to add their long positions and waiting for the further up move ahead.

Once, Toncoin price succeeded in surpassing the $8 mark, a short covering move will be trigger which pull TON price toward the $9 mark soon.

Source: TradingView

At press time, TON price was traded at $7.50 with an intraday gain of 1.52% reflecting steady price moves in the intraday sessions.

Notably, the RSI curve stayed above the midline region and revealed lack of bullish momentum in the past two trading sessions. Meanwhile, multiple doji candlesticks and a bullish soccer pattern was observed on the charts. 

ENS Set to Escape $30: Here’s an Outlook

Over the past few trading sessions, ENS made an inverted head and shoulders pattern and completed its bearish cycle. It approached the supply region but failed to cross and stayed close to it.

Meanwhile, the buyers have gained traction and looked confident to surpass the trajectory hurdle of $30 and were preparing for a massive jump. Notably, it has sustained above the significant moving averages and reflects volume buying interest.

Source: TradingView

At press time, ENS price was trading at $24.52 with an intraday gain of 5.52% reflecting buying momentum in the intraday sessions.

The ongoing price action guides a positive outlook and conveys that, ENS is set for a major blast, if it succeeds to cross the $30 mark, a 10-15% up move may unfold ahead.

The RSI curve comfortably stayed in the overbought zone and plotted a positive crossover.

Are ORDI, TON and ENS Safe Bets this Week?

Amidst the market indecisiveness, these crypto picks are relatively well placed for an rise. 

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.