Top Cryptos to Watch This Week: Are They the Best Buy Before the End of Q2 2024?

Top Cryptos to Watch This Week: Are They the Best Buy Before the End of Q2 2024?

The post Top Cryptos to Watch This Week: Are They the Best Buy Before the End of Q2 2024? appeared first on Coinpedia Fintech News

There’s just a week left until the quarter ends, and the traders have refrained from creating volatility within the markets. As a result, the bulls appear to be less active and the bears wait patiently for the next move while both remain vigilant. In such cases, where top tokens fail to generate curiosity among market participants, some altcoins are silently recovering from the recent loss. Moreover, these could also initiate another 15% to 18% upswing in the first few days of the week, aiming for a bullish close for the quarter. 

Tron (TRX) 

Tron price has gained strength in the past few days and printed consecutive bullish candles. However, the bears are trying hard to restrict the levels below $0.12; decent volatility is expected to enter, which could keep up the bullish trend throughout the week ahead. The RSI is incremental, which suggests a clear rise above the pivotal resistance by the end of the month. 

Avalanche (AVAX) 

Traders had huge expectations over the token as the price marched above the pivotal range during the end of the first quarter. Unfortunately, the market dynamics changed, which caused a remarkable pullback. The price formed constant lower highs and lows and marked levels not seen since December 2023. Besides, technicals are gearing up to rise within the bullish range, which indicates the AVAX price is preparing for a strong ascending trend. 

Uniswap (UNI) 

Being different from the broader crypto markets, the Uniswap price is displaying acute strength as the rally forms consecutive higher highs and lows. The growing strength among the bulls indicates they are confident enough to push the price back above the important resistance at $11.5. The price sits comfortably above the 200-day EMA & MA, which displays the strength of the bulls. Hence, the UNI price is about to trigger a fresh upswing above $12 if it successfully defends $10 throughout the week, which may enable a monthly close above $12.5. 

JasmyCoin (JASMY) 

JasmyCoin gained huge attention when the price initiated the monthly trade with a 40% rise after undergoing a 30% rise in the last few days of May. Unfortunately, the bears halted the bullish trend at the crucial resistance zone around $0.04, initiating a 30% pullback. However, the bulls appear to have entered the ring and hence may begin the weekly trade on a positive note, aiming to reclaim the resistance before the end of the month. 

Pendle (PENDLE) 

Pendle price has initiated a fresh upswing after rebounding from the ascending support and appears to be extremely bullish at the moment. With a 25% upswing, the price has set up an ascending trajectory for the upcoming weekend and also for the next week. With this, the price is believed to close the monthly trade above the crucial resistance and begin the fresh quarterly trade on a bullish note. 

Maker (MKR) 

Maker price is strongly holding the multi-year ascending support in times when the bears exerted excessive pressure. This involvement of the bulls has shed light on the presence of the bulls at crucial levels. Therefore, the MKR price is believed to rebound, set up a fresh ascending trend and regain the crucial resistance at $3000 initially and later at $3500 in the next few days. 

Injective (INJ) 

The Injective price broke the falling wedge and reached the interim resistance above $28. Further, the price was subjected to a minor correction while the rally is trying hard to sustain above the resistance-turned-to-support level and may trigger a breakout during the weekend. If the bulls manage to sustain within this zone, the INJ price is believed to rise above $31 and validate a rise above the bearish influence. 

Jupiter (JUP) 

Soon after its launch, the Jupiter price initiated a 6800% jump, resulting in elevating the price from levels around $0.02 to as high as $1.8 in just a couple of months. After a monstrous rally, a minimum of a 100% pullback was expected but the bulls managed to restrict the bears after squeezing 60% of the gains. Currently, the price appears to have reached the bottom of the correction and is hence gearing up for a fresh ascending trend to mark a new ATH above $2.