As bearish sentiment on Bitcoin intensifies, the $65,000 level has experienced a surge in the wave of supply. Amid the dark cloud hanging over cryptocurrencies, demand is shifting towards altcoins, which have a high potential for recovery if the market rebounds.

With the potential for recovery in the coming days, let’s take a closer look at these high potential coins that are poised for a comeback.

Most noteworthy altcoin: JUP

With the effective breakthrough of the falling wedge, the rebound momentum of JUP price showed a significant upward trend, indicating that the market's bullish expectations are gradually increasing. Since the launch of solid support at $0.68, the altcoin has experienced a significant rebound over the past three weeks, rising by as much as 42%, demonstrating strong recovery power.

However, recently, affected by the overall market environment, its diagonal price trend has shown slight signs of adjustment and has temporarily failed to break through the key resistance area of ​​1 US dollar. Against this background, the MACD indicator and the signal line are tending to converge, forming a potential bearish crossover signal, which has aroused the market's attention to the risk of short-term correction.


Nevertheless, the daily relative strength index (RSI) remains firmly above the 5% line, a positive sign that despite short-term volatility, the market remains under solid demand support. This lays a solid foundation for further price increases.

Looking ahead, if the JUP price can successfully cross the 50% Fibonacci resistance line of $1.32 and continue to maintain its bullish trend, then as the market fully recovers, its upward channel is expected to further widen and point to the target price of $2.

HNT

With a clear break from the market trend, HNT prices are poised to enter an upward channel aimed at regaining ground lost during the second quarter correction period. However, on its journey towards new highs, the altcoin encountered significant resistance at the key 38.20% Fibonacci retracement level ($5.610), forcing the price to briefly retrace its steps towards confirmation near the trendline. After successfully completing this crucial test and reversal, HNT price surged a strong 7.78% overnight, forming a bullish engulfing pattern that is so iconic in technical analysis.​

However, in the sideways consolidation phase between two important Fibonacci levels, the MACD indicator and its signal line showed signs of crossing that were not conducive to short-term upward movement, indicating that there may be certain differences within the market or short-term adjustment needs.

Nonetheless, given that the overall market environment is showing a positive turn, and Bitcoin in particular has managed to cross the key psychological barrier of $65,000, this provides strong external support for further upward movement in HNT prices. Therefore, it is reasonable to speculate that the price of this altcoin may reach the more optimistic 78.60% Fibonacci extension level of $8.514 in the future, achieving more significant gains.

FLOW

Starting from the core support point of $0.50, FLOW has officially embarked on the journey of a bull market cycle, a trend that has been evident since the early stages. In the past four weeks, its value has achieved a significant 35% increase. This strong upward momentum has simultaneously led the MACD and its signal line to show a positive upward trend. At the same time, the weekly RSI indicator jumped sharply from the oversold area, indicating that the accelerated upward pace is unstoppable.

However, FLOW's bull run may face strong supply pressure from the market when it reaches the psychologically important level of $1. This situation is due to the suppression of the downward trend line, and the superposition of the 23.60% Fibonacci retracement level and this psychological resistance level together constitute a test that cannot be ignored.

If FLOW can successfully break through this heavy resistance and achieve a continuation of the bullish trend, it is expected to further climb to the 50% Fibonacci retracement level, which is $1.60. At that time, its market performance will undoubtedly be more eye-catching.

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