Top Altcoins With Massive Recovery Potential If Bitcoin Reclaims $65,000
As the bearish hold tightens over Bitcoin, the $65,000 level experiences a surge in supply waves. Amidst the dark clouds over crypto, the demand is shifting towards altcoins, which have a high potential for recovery if the market bounces back.
Let’s take a closer look at such high-potential coins that are ready for a comeback.
Top Altcoins To Watch Out:
Jupiter ($JUP )
With a falling wedge breakdown, the bullish recovery in the Jupiter price rises swiftly. Further, a bullish turnaround from the $0.68 support level, the altcoin has increased by 42% in the last three weeks.
However, the daily RSI line remains above the 5% line, revealing a strong demand underneath. If the bullish trend continuation surpasses the 50% Fibonacci line at $1.32, the uptrend could hit $2 with the market recovery. Hence, Jupiter is a top altcoin with high recovery potential.
Helium ($HNT)
With a trendline breakout, the HNT price is ready for a bullish trend to reclaim the lost levels during the Q2 correction.
With a successful post-retest reversal, the HNT price surges 7.78% overnight to form a bullish engulfing candle. However, the sideways movement between two Fib levels led to a bearish cross in the MACD & signal line.
Considering the broader market makes a bullish turnaround with Bitcoin surpassing $65,000, the altcoin price could hit the 78.60% Fib level at $8.514.
Taking a bullish reversal from the crucial support at $0.50, the bull cycle starts early in FLOW. With a 35% rise in the last four weeks, the uptrend influences an uptick in the MACD & signal lines.
Furthermore, the weekly RSI line picks up pace as it spikes up from the oversold boundary line. However, the bull run is likely to hit a massive supply trove at the psychological barrier of $1. This is because of the declining trendline & the 23.60% Fib level confluence with the psychological mark.
A bullish breakout will pump the altcoin to the 50% Fib level at $1.60.
