The cryptocurrency market is seeing a comeback, with Bitcoin rising above $67,000. Traders of alternative coins (altcoins) are taking more risks, hinting at positive market feelings. One altcoin, POLYX, is standing out with its strong performance, suggesting possible gains for other altcoins.

POLYX's Surge Sparks Hope in the Market

POLYX has become the top gainer on Binance, increasing by 70% in 24 hours to reach about $0.35. After the Federal Reserve meeting, its value rose to $0.3838. If this trend continues, it might reach a resistance point at $0.43 soon. However, caution is advised due to past sharp rises and falls in POLYX's value. Similar spikes in the past led to significant drops, possibly down to $0.20 to $0.27. Investors should be watchful as sudden increases can trigger panic selling.

Positive Signs for ENJ Coin's Recovery

ENJ Coin has shown a promising recovery after a 150% surge over 34 days and a drop to the $0.45 support level. With the market's positive direction and Bitcoin's expected rise, ENJ could surpass POLYX's brief rally. Breaking above $0.53 may lead ENJ towards previous highs of $0.62 and $0.68. While some altcoins have reached their 2021 levels, ENJ is still below its peak of $4.83. A move above $0.8 could push ENJ towards a target of $1.97.

FLOKI Coin Holds Strong Support Amid Meme Coin Decline

FLOKI Coin faced a decline to $0.000159 after reaching its peak, aligning with the cooling interest in meme coins. However, its support level remains intact, showing that investors still believe in a potential upward trend. If a bullish trend emerges, FLOKI could aim for the $0.000286 level again, potentially setting new record highs upon a successful breakthrough.