Altcoins
Best Altcoins To Buy That Can Hit All-Time High In July 2024
With Bitcoin price bouncing into the $60K support zone, the broader market expects an optimistic price movement this month. Furthermore, altcoins reveal a high-momentum uptrend in the low-cap sector that may soon surpass their all-time highs.
As anticipation of the bull run increases, smart money follows such undervalued altcoins. However, finding these tokens remains a huge and critical task for collateral traders. Don’t worry! Based on technical analysis and market sentiments, we provide you with a list of top high-potential altcoins ready to hit the ATH in July.
PENDLE (PENDLE)
With a market capitalization of $762 million, the PENDLE token price 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. Furthermore, there is a bullish rally with the possibility of Morning Star taking a hit.
With more price rejection and failure to sustain above the 38.20% Fibonacci level, the down cycle continues. However, with the broader cryptocurrency market recovering, 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%, the BGB toke price supports the formation of higher lows. The bull run continues with rising trendline support and the altcoin reclaims the 50-day EMA while maintaining dominance over the psychological $1 level.
With a 110% year-to-date growth, BGB token is in an uptrend, 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 and could lead to a surge in the altcoin’s price towards the $2 mark.
WAVE (WAVE)
With constant support at the 50D EMA, the ONDO price trend forms a triple bottom at the $1.11 level. As the accumulation phase grows, the anticipation of the breakout increases, which could reach the $1,552 threshold.
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.
According to trend-based Fibonacci levels, the ONDO price bull run anticipates a run towards the psychological $2 level.