Altcoins
Altcoins to Watch for Buys This Week for a Successful Rally
With a growing number of altcoins witnessing a bullish reversal rally, the broader market recovery is gaining traction. As the cryptocurrency market cap reclaims the $2.2 trillion level, the chances of a massive rally in small-cap altcoins are increasing. Among such altcoins, those on the verge of a breakout rally or experiencing one offer great buying opportunities to ride a high-momentum move. So, let’s take a closer look at the altcoins to buy this week on a breakout rally.
Breakout Rally Altcoin to Buy This Week: JUP (JUP)
With a rally breakout of the falling wedge on the daily chart, JUP price action reveals a profitable buying opportunity. Reversing trend from the 78.60% Fibonacci level at $0.73, Jupiter altcoin signals a rally breakout with a 17% jump in four days.
Challenging the 50-day EMA, Jupiter is showing a breakout rally, making it an altcoin to buy this week with a high potential for a massive jump. Currently, it is trading at $0.86 with an intraday gain of 5.47% and JUP price is teasing a price jump above the psychological limit of $1.
According to Fibonacci levels, the uptrend could reach $1.43 or the 23.60% Fibonacci level.
PONKE (PONKE)
With an inverted head and shoulders breakout, PONKE price is on the verge of a high momentum bullish rally. Also, taking support from the 50-day EMA, the altcoin is showing a moving uptrend and is up 20% in four days.
Furthermore, according to trend-based Fibonacci levels, the recovery rally is ready to challenge the 50% level at $0.52. With the potential to reach an all-time high, it is an altcoin to buy this week for a ballistic move.
The 1.618 Fibonacci level at the psychological level of $1 is a potential target.
Akash Network (AKT)
Poised for a breakout, the recovery rally in AKT price is showing a reversal rally. Starting from the psychological level of $2.50, AKT token is trading at $3.50. As the altcoin challenges the overhead trend line, the possibility of a death cross risks a bearish reversal.
With a triangle breakout rally, the bulls could pump AKT price higher to the $8 mark. Thus, with a potential rally of over 100%, Akash Network is a high potential altcoin to buy this week.