Top Three Altcoins To Buy Next Week
Surviving a market crash, the altcoins market signals a potential recovery rally in the upcoming week. As Bitcoin reverts from $52,500 to $56,5000, the low-cap altcoin skyrockets with increased momentum.
As the cryptos are ready to overcome the massive supply dump, these low-cap crypto gems are worth looking out. Here are a few of our choices:
Artificial Superintelligence Alliance ($FET )
With the AI tokens ready for a comeback, the FET price action reveals a potential double bottom at the $1.15 mark. With an early reversal in the falling channel’s negative cycle, the altcoin projects a potential bounce back.
With a market cap of $3.149 Billion, the FET price is down by 28% in the last 9 days. However, the intraday growth of 9.40%, making a bullish engulfing candle, completes a morning star pattern.
With the upside target of $1.55 next week at the 38.20% Fibonacci level, the AI altcoin is a great pick for next week.
The Altcoin Jupiter ($JUP ) Eyes Wedge Breakout
With a declining trend in the daily chart, the JUP price action reveals a falling wedge pattern. In the recent crash, the altcoin dropped to the $0.73 mark of the 78.60% Fibonacci level.
However, the drop to $0.73 teases a bull cycle with a double bottom and a morning star at the support.
Currently, the altcoin trades at $0.76 with an intraday gain of 3.83%, forming a bullish engulfing candle. As the broader market recovery gains momentum, the JUP price teases a breakout rally to reclaim the $1 psychological mark.
As per the Fibonacci levels, the breakout rally could reach the $1.25 mark.
LayerZero ($ZRO ) Outgrows The Market Crash
With a massive recovery in the 4H chart, the ZRO token price seems completely unaffected by the market crash. With the V-shaped recovery rally from the $2.75 mark, the altcoin has increased by 32%.
Currently, the ZRO price trades at $4.337 and challenges the 1.618 Fibonacci level. As the bull run gains momentum, the altcoin price could witness a breakout run shortly.