Altcoins
Top 3 Altcoins to Buy Next Week
Having survived a market crash, the altcoin market is signaling a potential recovery rally in the coming week. As Bitcoin Rebounds from $52,500 to $56,5000, the low-cap altcoin skyrockets on increasing momentum.
As cryptocurrencies prepare to overcome the massive supply decline, it’s worth taking a look at these small-cap crypto gems. So, let’s dive into our pick of the best altcoins to buy next week for maximum gains.
Alliance for Artificial Superintelligence (FET)
With AI tokens poised for a comeback, FET price action reveals a potential double bottom at the $1.15 mark. With an early reversal in the downtrend channel, the altcoin is eyeing a potential bounce.
With a market cap of $3.149 billion, FET price has fallen by 28% over the past 9 days. However, the intraday growth of 9.40%, which creates a bullish engulfing candle, completes a morning star pattern.
With an upside target of $1.55 next week at the 38.20% Fibonacci level, the AI altcoin is a great pick for the week ahead.
Altcoin Jupiter (JUP) Eyes Wedge Breakout
With a downtrend on the daily chart, JUP price action reveals a falling wedge pattern. In the recent downturn, the altcoin fell to the 78.60% Fibonacci level at $0.73.
However, the drop to $0.73 heralds a bullish cycle with a double bottom and a morning star at support.
The altcoin is currently trading at $0.76 with an intraday gain of 3.83%, forming a bullish engulfing candle. As the broader market rally gains momentum, JUP price teases a breakout rally to reclaim the psychological $1 level.
According to Fibonacci levels, the rally could reach $1.25.
LayerZero (ZRO) Surpasses Market Crash
With a huge recovery on the 4H chart, the price of ZRO token seems completely unaffected by the market crash. With the V-shaped recovery rally from the $2.75 level, the altcoin is up 32%.
Currently, ZRO price is trading at $4,337 and is challenging the 1,618 Fibonacci level. As the bull run gains momentum, the altcoin price might witness a breakout run soon.
According to Fibonacci levels, the rally could reach $5,657 next week.
Read also: Best Cryptocurrencies to Buy Now as Crypto Market Reverses