Highlights
AAVE is priced at $202, 70% below its all-time high of $461 and would need to break above $211.61 to move higher.
ENS is trading at $43.14, up 112%, and could challenge the high of $84 if it exceeds $41.58.
The JTO price is $3.76 with a target price of $5.33 and a breakout of $4.
Rising risk appetite among cryptocurrency investors as Bitcoin breaks above $91,000 signals a bull run for altcoins. A reversal rally gained momentum as many altcoins hit new 52-week highs amid growing demand.
Will the growing bullish momentum in altcoins lead to new all-time highs for some altcoins? Are you wondering the same thing? Don’t worry. We have listed down three altcoins that are expected to make new all-time highs in the coming week. So, let’s take a closer look at the price analysis of these potential altcoins.
Top altcoins with potential to hit new all-time highs:
Asian Americans and African Americans
The Aave price trend in the daily chart is showing a rising broadening wedge pattern. Currently, AAVE is trading at $202, surpassing a key psychological level.
However, the bullish rally struggled to reach the overhead resistance trendline. The most recent bearish pullback came from $211.61. However, in the past month, the DeFi token is up 32%.
Despite trading at a massive 70% discount from its all-time high of $461, growing demand in the altcoin space and DeFi sector increases the likelihood of it setting new all-time highs.
The breakout of the rising expanding wedge will serve as a key entry point for price action traders.
Will the price of Jupiter (JUP) exceed $5? Check out the latest JUP price prediction from Coinpedia now.
Ethereum Naming Service (ENS)
The (ENS) Ethereum Naming Service Token surged 112% this week. This formed a massive bullish engulfing candle, undermining the 2024-2025 crypto winter.
It has broken above the 50% Fibonacci level of $41.58. Currently, the ENS token is trading at $43.14 and is trading close to half of its all-time high of $84. With a sharp recovery within a week, the bullish trend is expected to continue throughout the week.
The MACD indicator has seen a positive crossover which supports the bullish trend. Therefore, it has the potential to surpass its all-time highs.
Jito Financial (JTO)
JTO token is seeing bullish momentum as the long-term resistance trendline breaks. With the second positive test jump, JTO token is trading at $3.7650 and maintaining its dominance above the 50% Fib level.
As the bullish trend continues, a rounding reversal is preparing for a breakout above the all-time high of $5.33. The key entry point for price action traders will remain the 61.80% Fibonacci level above the psychological $4 mark.
