Are These Top Performing Altcoins The Smart Buy This Week?
The post Are These Top Performing Altcoins The Smart Buy This Week? appeared first on Coinpedia Fintech News
With a mixed start to this week, the bull run over the weekend takes a minor dip in some altcoins, while Bitcoin is hung at $67,146. Amidst such struggle, the top-performing altcoins in the last 24 hours reflect a positive trend ahead. Will this recovery rally lead to a 2x surge or more this week? Let’s take a closer look at the price chart of these altcoins for a closer inspection.
Top Performing Altcoins To Watch Out: Helium (HNT)
With a market cap of $800M, Helium secures a place in the top 100 crypto list and one of the top performing altcoins with an 8.57% surge on Sunday. Further, the ongoing recovery in the HNT price accounts for a 61% jump in the last 11 days.
In the daily log chart, the HNT price reveals a falling wedge pattern breakout rally gaining momentum. However, the bull run faces opposition from the 50% Fibonacci level, resulting in an intraday long-wick candle.
Currently, the Helium token price trades at $5 and teases a 50% Fib level breakout if the broader market recovers. As per the Fib levels, the uptrend could reach the $10 psychological mark.
Avalanche (AVAX)
Similar to Helium and other altcoins, the AVAX price ends the correction phase with a falling wedge breakout rally. With a bounce back from $23, the Avalanche token price surpasses the 50D EMA and challenges the 23.60% Fib level and the 200D EMA.
The recovery rally undermines the death cross and the wedge breakout rally increases the uptrend possibility. As per the Fibonacci levels, the AVAX price could reach the $42 mark or the 50% Fib level, a 30% rise. However, a high magnitude trend reversal of this scale could pump the AVAX, one of the top performing altcoins, to $60.
Celestia (TIA)
Visibly, in a correction phase, the TIA price shows a downfall under the influence of a massive resistance trendline. Despite the multiple rejections leading to a lower high formation, the Celestia price jumped 43% in the last two weeks, 11% on Sunday, to rank amongst the top-performing altcoins.
As the MACD and signal lines avoid a bearish crossover, the TIA price teases the trendline breakout. With the breakout rally, the bull run in the altcoin could hit the $11.184 level or the 50% Fib level.
