Altcoins
Top Altcoins with Chance of Big Relief Rally Next Week
AS Bitcoin recovers the $60,000 and supports a rally above $63,000, the increasing volumes support the possibilities of a bullish trend. Amid this strong and surprising Bitcoin rally, altcoins are taking advantage of the growing market optimism to amplify the bull run.
With multiple coins giving double-digit returns in a day, the relief rally spreads like wildfire. In such market conditions, we provide you with a list of top altcoins with chances of major relief rally next week. So, let’s take a closer look at their price analysis for a safer approach.
Meme Coin WIF Price Preps Breakout Run
One of the best performing, trendy and new meme coins, Dogwifhat is poised for a huge leap with a triangle breakout. THE WIF price the stock displays a double bottom reversal to break above the upper resistance trend line and challenge the 50% trend-based Fibonacci level at $3.35.
With a divergence in the daily RSI line, the underlying bullish shift strengthens the possibility of an uptrend. Currently, the altcoin is trading at $3.31 with an intraday growth of 6.67%, forming the fourth consecutive bullish candle.
Exceeding $3.35 could push the meme coin to reach the $5 mark and potentially head towards $6.50.
Nervos Network (CKB) altcoin targets $0.035
During the massive 50% decline towards the crucial $0.015 support zone, the CKB loses the dynamic support of the 50D EMA. However, the demand zone on the psychological level leads to a rapid reversal and calls into question the 50% Fibonacci retracement level.
After jumping 16% overnight, CKB price is trading at $0.018 with an intraday growth of 2.95%. Considering the broader market supports the recovery rally, a relief rally with further market momentum could drive an uptrend in Nervos Network.
If the uptrend breaks above the 50% Fibonacci level, the bull run could boost altcoin prices to $0.036.
Floki’s bull run could reach $0.00030 next week
Positioning itself as a high-performance meme coin, the FLOKI price the trend predicts a potential return next week. The altcoin shows a breakout of the declining channel and is ready to break out of the psychological limit of $0.00020.
With intraday growth of 9.61%, the FLOKI the price is trading at $0.000191 and marks the fourth positive day in a volatile market. Furthermore, with increasing volume, the meme coin is poised for a bull run next week and will potentially reach the $0.00030 mark.
Will These Altcoins Rise Next Week?
Altcoins are poised for a relief rally in response to Bitcoin preparing a bull run above $65,000 next week. With the above-mentioned coins showing strong potential to become top performers, the markets are poised for a recovery.
Also check: Altcoins: season coming? As Ethereum-based tokens take over?