Altcoins
Best Altcoins to Buy That Can Hit ATH in July 2024
As Bitcoin price bounces back from the $60,000 support zone, the broader market is expecting an optimistic price movement this month. Furthermore, altcoins are revealing a strong momentum bullish trend in the small-cap sector that could soon surpass their all-time highs.
As bullish expectations rise, smart money follows these underappreciated altcoins. However, finding these tokens remains a huge and critical task for secondary traders. Do not worry! Based on technical analysis and market sentiments, we bring you a list of top high potential altcoins ready to hit ATH in July.
Pendle (PENDLE)
With a market cap of $762 million, the PENDLE token price is revealing a downtrend on the daily chart. Forming a descending channel and breaking below the 50-day exponential moving average, the drop is taking the altcoin below $5.
Trading at $4.92 with an intraday decline of 2.53%, the altcoin forms a bearish candle, undermining Sunday’s 1.52% jump. Additionally, there is a bullish resurgence with the possibility of the Morning Star taking a hit.
With higher price rejection and failure to sustain above the 38.20% Fibonacci level, the negative cycle continues. However, as the broader cryptocurrency market comes back to life, upside is possible within the altcoin channel.
A breakout of the descending channel could propel PENDLE price higher, towards the $9.16 mark. Optimistically, it could reach the psychological mark of $10.
Bitget Token (BGB)
With an intraday growth of 5.57%, the BGB token price maintains the highest low and highest formation. The bull run continues with the support of the ascending trendline, and the altcoin reclaims the 50D EMA while maintaining its dominance over the psychological $1 mark.
With a 110% year-to-date growth, the BGB token is in a bullish trend, trading at $1.21 and forming an engulfing candle. With buyers remaining dominant, the BGB price is likely to surpass the $1.48 peak soon.
This increases the chances of reaching a new all-time high and could lead to the altcoin’s price rising to the $2 mark.
ONDO (ONDO)
With continued support from the 50D EMA, the ONDO price trend is forming a triple bottom at $1.11. As the accumulation phase develops, the anticipation of a breakout increases, which could reach the $1.552 mark.
A sudden stop in the negative cycle, coupled with a weaker price rejection in the ascending channel, increases the chances of an altcoin bull run.
According to trend-based Fibonacci levels, rising ONDO price portends a rise to the psychological $2 mark.