Portal

Date: Mon, Dec 09, 2024, 08:49 AM GMTIn the cryptocurrency market, the ongoing bullish rally has taken center stage, with Bitcoin (BTC) marking a new all-time high of $103,900 after a 30% surge over the last 30 days.This rally has also triggered significant growth in <a href="https://coinsprobe.com/sushi-and-sand-gains-momentum-following-key-breakouts-is-more-rally-on-horizon/" rel="noopener noreferrer nofollow">altcoins</a>, as gaming tokens like Xai (XAI) and Portal (PORTAL), which have gained 65% and 83%, respectively, over the past 30 days. Both tokens are currently in the retesting phase after making key breakouts.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d0e9ede440594559b8c2c5a77322e8ff.png" />Source: Coinmarketcap<h3 id="xai-xai">Xai (XAI)</h3>XAI&#39;s price movement has been impressive, starting its rally from a monthly low of $0.23. This upward momentum helped the token break out of its critical resistance zone of $0.3710–$0.4321, reaching a high of $0.44. However, after the breakout, the token is now retesting its previous resistance at $0.3759.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/414a9271a204496184e56a331e3fc63f.png" />If XAI manages to maintain support and reverse from this level, its next major target lies at $0.92, representing a potential 114% upside from its current high of $0.44. This next resistance zone could serve as a major indicator for further bullish momentum.<h3 id="portal-portal">Portal (PORTAL)</h3>PORTAL has mirrored XAI&#39;s rally, surging from $0.30 to a high of $0.59 after breaking its resistance zone of $0.45–$0.53. Like XAI, PORTAL is also undergoing a retest, trading at $0.5164 after pulling back from its recent highs.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d5055706fe334239a3c5b56aea5c8722.png" />Should the token successfully reverse from its current level, its next resistance is positioned at $1.24, offering a potential 135% gain from the breakout zone. Clearing this level could pave the way for a continued rally.<h3 id="what-to-expect-ahead">What to Expect Ahead?</h3>Both XAI and PORTAL are at crucial junctures. Their ability to sustain their breakout levels and reverse will likely determine their short-term trajectories. The declining Bitcoin dominance, currently at 56.02% (down from its recent peak of 61.53%), could also provide additional tailwinds for altcoins to rally further.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.Also Read: <a href="https://coinsprobe.com/beam-beam-gains-momentum-ahead-of-mega-breakout-is-a-bullish-rally-on-horizon/" rel="noopener noreferrer nofollow">Beam (BEAM) Gains Momentum Ahead Of Mega Breakout: Is A Bullish Rally On Horizon?</a>

XAI and PORTAL Retesting Key Levels After Breakouts: What To Expect Ahead?

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