Altcoins
Best Altcoins To Buy That Can Hit All-Time High In July 2024
With Bitcoin price bouncing in the $60K support zone, the broader market is expecting an optimistic price move this month. Additionally, altcoins are revealing a high-momentum uptrend in the low-cap space that could soon surpass their all-time highs.
As bull run anticipation increases, smart money is chasing these undervalued altcoins. However, finding these tokens remains a huge and critical task for secondary traders. Don’t worry! Based on technical analysis and market sentiment, we bring you a list of the top high-potential altcoins poised to hit ATH in July.
Pendel (PENDEL)
With a market cap of $762 million, the price of PENDLE token reveals a bearish trend on the daily chart. Forming a descending channel and breaking below the 50-day EMA, the fall takes the altcoin below $5.
Trading at $4.92 with an intraday decline of 2.53%, the altcoin forms a bearish candle, weakening Sunday’s 1.52% jump. Additionally, there is a bullish recovery with the possibility of Morning Star taking a hit.
With a higher price rejection and failure to hold above the 38.20% Fibonacci level, the down cycle continues. However, as the broader cryptocurrency market recovers, a bull run inside the altcoin channel is possible.
A breakout rally of the descending channel can push PENDLE price higher to the $9.16 mark. Optimistically, it can reach the psychological $10 mark.
Bitget Token (BGB)
With an intraday growth of 5.57%, BGB token price supports the formation of higher lows. The bull run continues with the support of the rising trendline and the altcoin reclaims the 50-day EMA maintaining its dominance above the psychological level of $1.
With a 110% YTD growth, BGB token is in a bullish trend, trading at $1.21 and forming an engulfing candle. As buyers remain dominant, BGB price will soon surpass the $1.48 high.
This increases the chances of a new all-time high forming and could lead to a surge in the altcoin’s price towards $2.
WAVE (WAVE)
With continued support from the 50-day EMA, ONDO price trend forms a triple bottom at the $1.11 level. As the accumulation phase grows, anticipation of a breakout increases, which could reach the $1.552 level.
A sudden stop in the negative cycle, coupled with minor price rejection inside the ascending channel, increases the chances of a bullish phase in the altcoin.
Based on trend-based Fibonacci levels, the upside rally in ONDO price foreshadows a run towards the psychological $2 level.