Altcoins
Top 3 Altcoins to Buy Next Week
After surviving a stock market crash, the altcoin market is signaling a potential recovery in the coming week. Bitcoin From $52,500 to $56,500, the small-cap altcoin surges with increased momentum.
As cryptocurrencies are poised to weather the massive supply drop, these small-cap cryptocurrencies are worth keeping an eye on. So let’s take a look at our picks for the best altcoins to buy next week for maximum gains.
Alliance for Artificial Superintelligence (FET)
As AI tokens are ready to make a comeback, FET price action reveals a potential double bottom at $1.15. With an early reversal of the negative descending channel cycle, the altcoin projects a potential rebound.
With a market cap of $3.149 billion, FET price has fallen by 28% in the last 9 days. However, the intraday growth of 9.40%, creating a bullish engulfing candle, completes a morning star pattern.
With an upside target of $1.55 next week at the 38.20% Fibonacci level, altcoin AI is a great pick for next week.
Altcoin Jupiter (JUP) Eyes Wedge Breakout
With a downtrend on the daily chart, JUP price action reveals a falling wedge pattern. During the recent crash, the altcoin fell to $0.73 from the 78.60% Fibonacci level.
However, the drop to $0.73 suggests a bullish cycle with a double bottom and a morning star at support.
Currently, the altcoin is trading at $0.76 with an intraday gain of 3.83%, forming a bullish engulfing candle. As the overall market rally gains momentum, JUP price is teasing a breakout rally to reclaim the psychological $1 mark.
According to Fibonacci levels, the breakout rally could reach the $1.25 mark.
LayerZero (ZRO) Rides Out Stock Market Crash
With a massive recovery on 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, ZRO price is trading at $4.337 and challenging the 1.618 Fibonacci level. As the uptrend gains momentum, the altcoin price could soon see a breakout.
According to Fibonacci levels, the breakout rally could reach the $5.657 mark next week.
Read also: Top Cryptocurrencies to Buy Now as Crypto Market Sees Reversal