Altcoins
Top Altcoins with High Chances of Relief Rally Next Week
As Bitcoin reclaims $60,000 and maintains a rally above $63,000, rising volumes support the uptrend chances. Amid this sharp and surprising Bitcoin recovery, altcoins are siphoning increased market optimism to amplify the uptrend.
With several coins yielding double-digit returns in a day, the relief rally is spreading like wildfire. In such market conditions, we bring you a list of top altcoins with high rally chances next week. So let’s take a closer look at their pricing analysis for a more confident approach.
Meme Coin WIF prepares for the race in small groups
One of the best performing, trendiest and newest meme pieces, Dogwifhat is ready for a massive jump with a triangle breakout. WIF price action shows a double reversal to break above the overhead resistance trendline and challenge the 50% trend-based Fibonacci level at $3.35.
With a divergence in the daily RSI line, the underlying bullish change strengthens the possibility of an uptrend. Currently, the altcoin is trading at $3.31 with an intraday growth of 6.67%, forming the fourth consecutive bullish candle.
A breakout of $3.35 could send the meme coin higher to the $5 mark and potentially reach $6.50.
Nervos Network Altcoin (CKB) Targets $0.035
During the massive 50% drop to the crucial $0.015 support zone, CKB loses dynamic support from the 50D EMA. However, the demand zone at the psychological level leads to a rapid reversal and challenges the 50% Fibonacci retracement level.
After the 16% jump overnight, CKB price is trading at $0.018 with an intraday growth of 2.95%. Since the broader market is supporting the rally, a relief rally accompanied by further market push could result in an uptrend in the Nervos Network.
If the uptrend breaks above the 50% Fibonacci level, the bull run could push the altcoin prices to $0.036.
Bull Run to Floki Could Hit $0.00030 Next Week
Positioning itself as a high-performing meme coin, FLOKI price trend forecasts a potential comeback next week. The altcoin is showing a descending channel breakout and is ready to surpass the psychological mark of $0.00020.
With an intraday growth of 9.61%, FLOKI price is trading at $0.000191 and marks the fourth positive day in a volatile market. Moreover, with increased volume, the meme coin is poised for a bull run next week and could reach the $0.00030 mark.
Will these Altcoins rise next week?
Altcoins are poised for a relief rally in response to Bitcoin preparing a bull run past $65,000 next week. With the coins mentioned above showing strong potential to become top performers, the markets are poised to rebound.