With a highly volatile month of May, the crypto market enters June on a positive note after an 11.29% monthly jump. Amidst such a volatile but bullish wave, the altcoins managed to sustain a positive trend and tease an uptrend in June.
Further, the bull run is expected to gain momentum with the upcoming ETFs and the U.S. Presidential elections coming closer, bringing dovish comments. With additional momentum and institutional acceptance, some top altcoins are poised to hit all-time-high levels in the coming week.
Finding these tokens where the smart money is flowing becomes a huge and critical task for traders. Worry Not! Based on technical analysis and market sentiments, we bring you a list of high-potential top altcoins poised to hit ATH in the coming week.
1. Render Token (RNDR) $RNDR
Built on the Ethereum blockchain, the RNDR is the native token of Render Network, a distributed GPU network targeting artists and studios. The RNDR price trades at $10, at a discount of 26% from its ATH level of $13.62.
Currently, the altcoin price trend shows a triangle pattern in the daily chart while taking dynamic support from the 50D EMA. As per the Fibonacci retracement levels, the RNDR token is trapped within the 23.60% and 38.20% levels.
With the broader market recovery anticipation in June growing strong, the chances of a bullish break in the altcoin increases. A bullish break could pump the RNDR token price to reach $20.
2. Dogwifhat (WIF) $WIF
In the recent market bull run, the meme coins took the limelight and spearheaded the uptrend to reach new heights. Amidst the top-performing meme coins, Dogwifhat showcased a bullish breakout of a resistance trendline.
With the breakout rally gradually gaining momentum, the WIF price breaks and retests the 50% trend-based Fibonacci level. Further, the altcoin price sustains above the 50D EMA while trading at a discount of 30% from its all-time high level of $4.85.
Considering the bull run takes off with a successful post-retest jump, the altcoin price could reach the $6.49 mark in June.
3. Fetch.AI (FET) $FET
Following the meme coins, the AI and DeFi sectors are the next trending investment options in the crypto market. In the promising AI sector, the FET token shows a promising price trend that is ready to explode in June for a massive jump.
With a symmetrical triangle at play, the altcoin shows a contraction in volatility that may soon result in a quick release of momentum for a sharp move. Currently, the altcoin trades at a discount of 40% from its all-time high of $3.48.
Considering the bull run surpasses the overhead resistance trendline and the 23.60% Fibonacci level, the uptrend could reach $4.689.
Conclusion
With the high possibility of a bull run in the market in the coming weeks, the altcoins could reach a new all-time high next week. As per the technical analysis, the above-mentioned tokens await a bullish break for a price jump. Hence, sideline traders can find lucrative buying opportunities with these tokens in the coming weeks.