😱🚀🚀3 Altcoins with big breakout potential
Altcoins To Watch Out: Aptos (#APT )
With a massive crash in 2024, the $APT price action reveals a double top in the weekly chart. Taking rejection from the massive supply at $20, the altcoin drops near the crucial support level of $5.
However, this week's rapid reversal of 11.45% results in an abrupt end to the decline, signaling a potential reversal of the trend. If APT price remains above $4.72, the possibility of a double bottom reversal could lead to a trend reversal.
Buyers may reclaim the $10 mark as the altcoin regains bullish momentum.
InvariableX (#IMX )
Similar to most altcoins, the $IMX price trend reveals an ongoing correction, accounting for a 65% decline from yearly highs. The weekly chart reveals a head and shoulders breakout rally that has led to new lows this quarter.
The decline below the psychological level of $ 1.50 receives support at $ 1,162 at the 78.60% Fibonacci level. The altcoin is currently trading at $1.25 and is signaling a rebound with a morning star pattern.
With a possible retest of the bearish pattern, the altcoin price could rise to the 50% retracement level of $2.
The decline on the daily chart leads to a falling wedge formation in the $OP
price action. The bearish bull cycle, which has increased by 28% in the last 4 days, signals a potential trend reversal.
With the bullish divergence in the MACD indicator, buyers are ready to challenge the 23.60% retracement level and the overall trend line. The bullish sentiment could lead to an breakout rally as the market's broader recovery gains momentum. According to Fibonacci levels, the breakout run can reach the 50% Fibonacci level at $3.
