Four Cryptocurrencies with Hundredfold Potential in Bull Market Embracing a Bottomseeking Layout

Coin World Report:
Bitcoin failed to break through the resistance zone of $58,500 and has restarted the downward trend, potentially continuing to fall below $54,000.
The price has dropped below the $56,500 region and is below the $56,500 and 100-hour simple moving averages.
On the hourly chart of BTC/USD, a bearish trendline connecting the downtrend has formed, with resistance at $56,350 (data from Kraken).
In the current situation, Bitcoin may struggle to break the resistance level of $58,000 and initiate a new uptrend.


Bitcoin price turns red
The Bitcoin price started to rebound above $57,000 and even rose above $58,000. However, bearish pressure formed resistance near $58,500.
The high point of the price was at $58,396, after which a new round of decline began, breaking the key support levels of $57,000 and $56,500. The low point reached near $54,301, and the price is currently consolidating the decline near this level. From the high point of $58,396 to the low point of $54,301, the price has slightly risen, approaching the 23.6% Fibonacci retracement level.
The Bitcoin price is still below $56,500 and the 100-hour simple moving average. The immediate resistance to the upside is around $56,000, while the first key resistance is near $56,400.
On the hourly chart of BTC/USD, a bearish trendline connecting the downtrend has formed, with resistance at $56,350. This trendline is close to the 50% Fibonacci retracement level of the downtrend from the high point of $58,396 to the low point of $54,301. If this trendline is clearly broken, it may push the price towards the level of $57,400, with the next key resistance possibly at $58,400.


If the closing price can break through the resistance level of $58.40, it may initiate a steady upward movement and push the price further up. In this case, the price may test the resistance level of $60,000 in the coming trading days.
Looking for the bottom to welcome a bigger uptrend! Explore how three cryptocurrencies have the potential to multiply in a bull market!
1. CHZ
Chiliz (CHZ) is a cryptocurrency in the sports field. Recently, Chiliz announced a partnership with the Australian platform PUML Better Health, which focuses on gamifying health and wellness activities. This collaboration introduces the “earn while playing sports” model, encouraging sports enthusiasts to participate in the Chiliz digital ecosystem while engaging in physical activities. This combines sports activities with blockchain rewards, redefining fan participation in the sports industry.


Chiliz allows fans to participate in the management of their favorite sports teams. Fans can purchase various fan tokens to establish closer connections with the clubs and create new sources of revenue for sports organizations. The platform has established partnerships with several major sports teams and collaborated with UFC and gaming organizations. By purchasing CHZ, fans can obtain fan tokens and hold shares in the clubs.
2. ICP
ICP is the governance token of the Internet Computer project, representing the governance rights of the blockchain for internet computers. This blockchain utilizes advanced encryption technology and promotes the concept of a “world computer” blockchain. Recently, ICP partnered with the United Nations Development Programme (UNDP) and the DFINITY Foundation to launch the Universal Trust Certification (UTC) program, aiming to improve financing channels for micro, small, and medium-sized enterprises (MSMEs) worldwide. The focus of this collaboration is to promote cross-border data trust, enhance domestic financing capabilities for MSMEs, and facilitate participation in international trade financing.


ICP has shown good liquidity despite its relatively high market value. Its 14-day Relative Strength Index (RSI) is 37.51, indicating that the token is in a neutral state and may continue to consolidate. Despite a volatility of up to 15%, ICP has shown significant growth over the past year and has a strong market position, making it one of the most valuable cryptocurrencies for investment at present.
3. OM
Recently, MANTRA announced a strategic partnership with MAG, a leading developer in the United Arab Emirates with a portfolio of over $5 billion in real estate investments. This collaboration aims to change the way real estate investments are made using blockchain technology, with MANTRA’s blockchain infrastructure providing a secure and transparent platform for tokenizing real estate, while MAG contributes its extensive portfolio and expertise in the UAE real estate market. This partnership marks significant progress in the real estate sector for both organizations.


The initial focus of this alliance is the luxury residential development project Keturah Reserve in Dubai’s Meydan district. Through secure vault products, investors can access this non-traditional asset class and enjoy attractive returns supported by blockchain technology. This collaboration opens up new opportunities for real estate project financing, allowing investors to leverage the advantages of digitized tokens. After the announcement, the OM token has shown significant growth and continues to rise. If the bullish trend continues, it may reach a new all-time high!