Must Watch Altcoin To Buy This Week For A Breakout Rally
The post Must Watch Altcoin To Buy This Week For A Breakout Rally appeared first on Coinpedia Fintech News
With the rising number of altcoins witnessing a bullish reversal rally, the broader market recovery gains traction. As the market cap of crypto reclaims the $2.2 Trillion level, the chances of a massive jump in low-cap altcoins are increasing. Amidst such altcoins, the ones on the verge of a breakout rally or experiencing it offer great buying opportunities to ride a high-momentum move. So, let’s take a closer look at the altcoins to buy this week with a breakout rally.
Breakout Rally Altcoin To Buy This Week: JUP (JUP)
With a falling wedge breakout rally in the daily chart, the JUP price action reveals a lucrative buying opportunity. Reversing from the 78.60% Fibonacci level at $0.73, Jupiter altcoin signals a breakout rally with a 17% jump in four days.
Challenging the 50D EMA, Jupiter shows a breakout rally, making it an altcoin to buy this week with a high potential for a massive jump. Currently, it is trading at $0.86 with an intraday gain of 5.47%, and the JUP price teases a price jump above the $1 psychological mark.
As per the Fibonacci levels, the uptrend could hit the $1.43 mark or 23.60% Fibonacci level.
PONKE (PONKE)
With an inverted head and shoulder breakout, the PONKE price is on the verge of a high momentum bullish rally. Further, taking support from the 50D EMA, the altcoin shows a bullish trend in motion and is up by 20% in four days.
Further, as per the trend-based Fibonacci levels, the recovery rally is ready to challenge the 50% level at $0.52. With the potential to hit an all-time high, it is an altcoin to buy this week for a ballistic move.
The 1.618 Fibonacci level at the $1 psychological mark is a potential target.
Akash Network (AKT)
Ready for a breakout move, the recovery rally in the AKT price shows a reversal rally. Starting from the $2.50 psychological mark, the AKT token trades at $3.50. As the altcoin challenges the overhead trendline, the possibility of death cross risks a bearish reversal.
With a triangle breakout rally, the bulls could pump the AKT price higher to the $8 mark. Hence, with a potential rally of more than 100%, Akash Network is a high-potential altcoin to buy this week.
