2 Cryptocurrencies To Buy Boosting Into Top 10 In July
1. Chainlink (LINK)
Chainlink's price rebounded by 16.2% from $12.63 to $14.678 due to renewed interest from whales. This surge suggests that LINK might sustain above the 38.2% Fibonacci retracement level, a key indicator for buyers.
In June, Chainlink's price fell from $19.2 to $12.6, a significant 34.2% drop. The $12.6 level is critical, supported by a 32.8% FIB level and the 100-week EMA, indicating strong buying interest.
Recent data shows that whales and institutions are accumulating Chainlink. In the past week, 54 new wallets withdrew 2.08 million LINK (worth $30.28 million) from Binance.
A support trendline from June 2023 supports the current recovery. Maintaining this level could lead to a prolonged bull run for LINK.
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2. Floki (FLOKI)
Floki's market cap has risen to $1.66 billion, with a 47% increase in trading volume to $226 million, showing growing investor interest.
Over the past week, Floki's value has risen by 4%. It is trading between $0.00016 and $0.00018. If it surpasses $0.00018, it could reach $0.0002 or higher.
However, if Floki drops below $0.00017, it might fall to its support level at $0.00016, indicating a potential bearish trend.
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Conclusion:
Chainlink and Floki are promising cryptocurrencies showing potential for significant growth in July. Their recent performances and market activities suggest they could move into the top 10 digital assets.