The post Four Altcoins Showing Bullish Setups You Should Watch Closely appeared on BitcoinEthereumNews.com.

Cardano shows bullish structure despite whales offloading 180 million ADA recently. AVAX gains momentum following the Octane upgrade and analyst confidence in its potential. Four altcoins are stealing the market’s attention again—not only because of their interesting technical movements, but also because there are other supporting factors that can make investors’ heads spin quickly. From Cardano to Avalanche, each has its own story that would be a shame to miss, based on the analysis shared by popular crypto analyst Lingrid. 4 Altcoins Ready to Skyrocket Cardano (ADA) has just recorded suspicious movements. In the last five days, around 180 million ADA have been released by whales. Usually, actions like this immediately cause red signals in the heads of many traders. But interestingly, ADA’s price structure still shows a breakout pattern from the consolidation zone. Source: Lingrid On the daily chart, ADA is breaking out of a descending triangle pattern and trying to enter a bullish continuation setup. As long as the price remains above $0.60, the opportunity to move to the $0.70–$0.72 range is still open. Just imagine you are pushing a heavy iron door—if you manage to open it a little, the rest will be easier. Well, ADA’s current position is more or less like that. Meanwhile, TRX seems to be starting to show its teeth by trying to break out of a descending triangle. This occurred shortly after a significant rally in an ascending channel pattern. The structure remains intact since buyers emerged at the $0.243 level. The short-term aim is $0.26. Source: Lingrid TRX is intriguing not simply for its technicals, but also because there are plans to establish a TRX-based ETF with staking results. The proposal has been submitted by Canary Capital and includes cooperation with third-party providers and BitGo Trust as a custodian. Source: Lingrid On…

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Filed under: News - @ April 20, 2025 10:19 am