Top 4 Altcoins With Upside Breakout Potential

Since Bitcoin Price started correcting from $70K to $66K a week ago, then $65K to the current price of $61,172, the overall momentum has faded. Despite this, some altcoins have been resilient to the trend this week and have made notable profits.

This medium-volatile environment has historically proven to be a point where potential altcoins can peak, some flip zeros, and some surpass market cap.

Here are the top 4 cryptocurrencies that are on the verge of breaking out of a crucial resistance.

Kaspa (KAS): Breakout with curve correction

At the time of writing, Kaspa KAS is trading at $0.1761, up 8.9% in 24 hours, with a massive 200% increase in volume. KAS price is bullish as it trades above all moving averages and technical indicators are neutral for a buy signal.

Additionally, the KAS/USDT chart has retested resistance at $0.1780 and now plots the possibility of a cup and handle pattern forming with a few more trading sessions. If this is completed, a breakout towards the $0.19 resistance is expected, which will lead to a further rally into the $2 zone.

Kendu Inu (KENDU):

Kendu Inu, KENDU at press time is trading at $0.000172, this Ethereum-based meme coin has grown by 280% in a month. Although the project does not represent any use case, no historical data on KENDU has had a significant impact on the meme coin market.

The altcoin hit an all-time high last week and has the potential to break above the $0.0002 level.

The KENDU/USDT chart shows Bollinger bands with price away from the center line, showing a bullish signal in an ascending direction. Furthermore, the closer bandwidth shows increasing volatility. The RSI at 57 indicates that the price is creating room for an upward direction without being overbought.

If the trend continues, KENDU could reach $0.0002 and see further rally.

Aave, AAVE

Aave, AAVE at the time of writing is $95.34 up 4.53% in 24 hours. Aave’s performance since mid-May has been impressive, but she failed to continue into June.

June has been a downtrend for Aave, but over the past 7 days, the altcoin has gained 8.8% in 7 days and has consistently exerted upward price action.

The AAVE/USDT chart reveals that prices are trading close to the horizontal and vertical resistance, and a breakout from this level is possible as the RSI is still at 57 with upside momentum.

Additionally, an increase in DAU (daily active addresses), TVL, and other on-chain metrics has been observed in the last 15 days. Any invalidation from the resistance point above here will attract the bulls towards the strong support zone, if validated, the next price target will be $102, $104, $109 and $115.

Jealous coin, JELSOMY

JASMY, currently trading at $0.0313, rose 4.8% in 24 hours and entered a recovery price zone trying to breach the EMA20 trend line. JasmyCoin started the month with a spike to a yearly high of $0.044, but failed to sustain above that level, resulting in a bearish trend for the past 3 days.

The JASMY/USDT chart represents a potential breakout as the price is trading in the descending channel with a downside resistance line. If the price violates this line, it will hover around the $0.02 zone with further rally.

The MACD is intact with the signal line supporting the rally; if the blue line manages to break above the red line, the above breakout pattern will be seen in the paid trading session.

Read also: Bitcoin Price Prediction: No Confirmation of Bullish Reversal, Major Drop to $56k on the Cards

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