Will These Top Performing Altcoin Lead A 2x Surge Next Week?
The post Will These Top Performing Altcoin Lead A 2x Surge Next Week? appeared first on Coinpedia Fintech News
With the bull market starting to surface, the massive jump in low-cap altcoins signals a diversified approach from investors. As the uptrend picks up pace in these underrated tokens, will the bull run lead to a 100% surge next week?
With the meme coins leading the way, should you consider buying these low-cap altcoins for a 2x surge in the short term? Let’s take a closer look at the price charts of these top-performing altcoins to gain a deeper understanding.
WEMIX Token Jumps 36%, Eyes $3
Being a top-performing altcoin, the WEMIX token showcases a price jump of 36% overnight. With this, a massive bullish engulfing token undermines the bearish trend last week.
However, the altcoin showcases a long-term bearish trend in the daily chart. With this recovery, the WEMIX price surpasses the 50D EMA but may shortly approach the supply confluence of the 200D EMA and a resistance trendline.
Currently, the altcoin trades at $1.34 with an intraday drop of 3.30%, reflecting a pullback after the massive jump.
If the bull run persists, the uptrend in the WEMIX price can reach the $3 mark.
Strong Uptrend in Altcoin BNX Eyes $2 With A Breakout Run
With a bull run in action, the BNX price action forms a solid support trendline in the 4H chart. In the recent trend, the altcoin formed a pullback phase with a resistance trendline, keeping the growth under check.
However, the recent bullish revival from the support trendline has led to an end in the correction phase in the altcoin. With the trendline breakout, the BNX price reclaims the $1 psychological mark.
Currently, the BNX price trades at $1.176 after the 16% overnight jump. If the bull run sustains, the uptrend can surpass the $1.50 peak for an attempted run to $2.
Considering the uptrend sustains, a breakout rally of the falling wedge can reclaim the $1 psychological mark. With this breakout momentum, the AI token can jump to the $2 mark or the 1.618 Fibonacci level by the end of July.
AIOZ Price Preps Channel Break For A 2x Surge
Following the bullish failure to surpass the $0.90 mark from the reversal at $0.60, the AIOZ price experiences a massive downfall. With the revival of a declining trend, the altcoin drops under the 200D EMA and the $0.50 psychological support.
Further, the downfall increases the likelihood of a death cross in the daily chart between the 50D and 200D EMA.
However, the recent overnight price jump of 12.66% from the support trendline. The bullish reversal tests the broken 200D EMA and may shortly reach the overhead trendline.
With a bullish recovery, the uptrend in the altcoin can result in a price jump to $1.
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