Nexo

Wormhole

Date: Thu, Dec 05, 2024, 11:42 AM GMTThe cryptocurrency market continues to demonstrate bullish momentum as Bitcoin (BTC) achieves a historic milestone, crossing the $100K price mark. Amid this significant development, major <a href="https://coinsprobe.com/jasmy-flashing-bullish-signals-after-cup-handle-breakout-is-a-big-rally-ahead/" rel="noopener noreferrer nofollow">altcoins</a> are riding the wave, delivering impressive performances.Following the momentum, Wormhole (W) and Nexo (NEXO), have shown remarkable monthly gains of 91% and 59%, respectively. However, both tokens are now approaching crucial resistance levels, raising questions about their next moves.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ca5c840d0ba04b61bef597028537c9d2.png" />Source: Coinmarketcap<h3 id="wormhole-w">Wormhole (W):</h3>Wormhole has captured traders&#39; attention with a stunning 92% rally over the last 30 days. The token is now trading within a crucial resistance zone between $0.3545 and $0.3980, a range that has proven to be a formidable hurdle.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9c827be5daca447189b0d51fa94ee309.png" />A breakout above this level could set the stage for a significant upside move, potentially targeting the $0.75 mark—an impressive 100% gain from current levels.<h3 id="nexo-nexo">Nexo (NEXO):</h3>Nexo has also delivered an outstanding performance, gaining 59% over the last month. The token is now testing a critical resistance zone between $1.50 and $1.60, a level that traders are watching closely.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b3b3acda50b844d6896b8effb7e21404.png" />A decisive close above $1.60 could ignite a powerful rally, with the next major target sitting at $3.20, representing a potential 100% upside.<h3 id="is-a-rally-on-the-horizon">Is A Rally on the Horizon?</h3>Both Wormhole (W) and Nexo (NEXO) are approaching pivotal resistance levels that could determine their near-term trajectories. The recent decline in Bitcoin’s dominance has shifted attention to altcoins, creating an environment ripe for these tokens to outperform.If Wormhole manages to break above $0.3980 or Nexo surges past $1.60, it could attract significant buying interest, driving prices higher in the coming weeks. Conversely, a rejection at these resistance zones might lead to short-term corrections.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/ltc-and-apt-approaching-key-resistance-levels-what-to-expect-ahead/" rel="noopener noreferrer nofollow">LTC and APT Approaching Key Resistance Levels: What To Expect Ahead?</a>

Wormhole (W) and Nexo (NEXO) Poised for Key Breakouts: Is A Rally On The Horizon?

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