The cryptocurrency market recovered after a bear market driven by the negative impact of net negative Ethereum ETF inflows. With BTC back at $67,000, altcoins rebounded quickly and signaled a possible bull run in the coming days. Among the multiple altcoins, today’s top performing altcoins bring an uptrend with a high probability of a breakout or reversal rally. So, let’s take a closer look at these must watch top performing altcoins to understand their bullish potential.
Top Performing Altcoins to Watch: Helium (HNT)
HNT price successfully completed a post-retest jump as momentum from the trendline breakout was unleashed. An overnight gain of 7.37% makes it the best performing altcoin while price rejection tails lower.
Currently, HNT price is at $5.238 with a bullish attempt to break above the $5.25 supply zone. Moreover, bulls increase the possibility of a golden crossover between the 50D and 200D EMA.
If the bullish momentum continues above the $5.25 area, Helium could hit the psychological barrier of $2 and could reach $2.75 as the next potential target.
Mantle (MNT)
After ending the corrective phase, MNT price action is showing a descending channel breakout on the daily chart. The bull cycle that started from the channel at $0.62 is now retesting the 23.60% Fibonacci breakout at $0.81.
With the successful jump after the retest, MNT price action formed a Morning Star pattern at the baseline. Moreover, the 7% gain, including the lower price rejection, helped Mantle rank among the best performing altcoins.
If the uptrend continues, the breakout rally shows nearly 50% upside potential to the 78.60% Fibonacci level at $1.26. Therefore, the altcoin’s bull run is expected to surpass the psychological barrier of $1.
Pyth Network (PYTH)
The most questionable coin with the highest upside potential on this list of bullish altcoins, PYTH Network is a high-reward, high-risk coin. With the bullish reversal up from $0.27, the PYTH token has gained 41% in value.
Moreover, the Triple White Soldiers pattern has boosted the altcoin by 15% in 72 hours, making it one of the best performing altcoins. On the weekly chart, there is a high probability of a double bottom reversal in PYTH with an uptrend close to the 23.60% Fibonacci level.
The bullish trend may continue to the 23.60% Fibonacci level at $0.47, completing a bottom reversal. Therefore, a 25% increase is possible in the coming weeks. Optimistically, a bullish trend reversal may reach the 50% level at $0.70.
