Smart Money Chases 3 Top Cryptocurrencies To Buy, Turning $20 Into $2,000

1. Cryptocurrencies To Buy – Ethereum (ETH)

ETH price today is $3,938, which represents a 2.2% increase in the past 24 hours and a 25% increase in the past 7 days. The asset continues to show signs of bullish tendencies as the Ethereum ETF news hype settles.

Based on technical analysis principles, in upward breakouts, the highest peak in the pattern (A) serves as the price target. While Eth’s price broke out of the falling wedge pattern, it hasn’t yet reached the point (A). This suggests that Ethereum may still have another 4-6% gains to achieve before hitting this target.

2. Solana (SOL)

Over the past month, the Solana price has surged more than 22%, driven by positive market sentiment. This upward momentum has been bolstered by a surge in Solana-based meme coins like WIF, BONK, BOME, and POPCAT, fueling investor enthusiasm.

In the past seven days, Solana has seen a slight decrease of 6.72% after experiencing a period of relative stability. This minor dip in Solana’s value comes amidst broader market fluctuations and growing investor uncertainty. With the recent recovery today, the SOL price is showing signs of resilience, indicating potential for a rebound.

3. Shiba Inu (SHIB)

Shiba Inu sits on top of all three bull market indicators, starting with the 200-day, 50-day, and 20-day Exponential Moving Averages (EMAs) (the purple, red, and blue lines overlaying the chart).

The Moving Average Convergence Divergence (MACD) has rebounded into the positive region, reinforcing the bullish structure. Should the blue MACD line hold above the red signal line, the path of least resistance will remain upwards.

Breaching the immediate resistance at $0.000026 may encourage more people to buy SHIB, hence the FOMO in the crypto fear and greed index. This is likely to boost the price above $0.00003 and bring the next target at $0.000035 within reach.