Top Altcoins to Buy in August for 10x Profits
The post Top Altcoins to Buy in August for 10x Profits appeared first on Coinpedia Fintech News
Despite the crypto market’s signals of a potential intense pullback, the market is likely to turn around in the coming weeks. Further, the potential upcycle in Bitcoin from $60,000 could kickstart the next altcoin rally.
Witnessing an intense correction phase during the market pullback, the altcoin segment could outperform top names if the market recovers. So, let’s take a closer look at our list of top altcoins to buy in August for 10x Profits.
Top Altcoins To Buy This Month:
Trading at the psychological support of $0.10, the meme coin with a $98M market cap shows a 10x potential this August. Despite a falling wedge in the daily chart and a primary resistance trendline above the pattern, the altcoin is ready for a bullish trend reversal.
A bullish crossover awaits in the MACD and signal lines and the daily RSI line showcases a bullish divergence. Hence, the technical indicators bolster the uptrend chances in the meme coin.
The coin is MYRO. With an impending bullish reversal, the meme coin eyes a breakout run to the 1.618% Fib level at $0.23. Optimistically, the bull run coupled with market recovery could boost it by 10x this month.
Another Wedge Breakout For Trend Reversal
Another altcoin with a declining trend in motion shows massive underlying potential for a bull run this month. Trading at under 10 cents at $0.08463, the meme coins are preparing for a bull cycle from the support trendline.
With a market cap of less than $100M, the altcoin with a $79M valuation shows a massive upside if the market bounces back. Further, the bullish divergence in the daily RSI bolsters the uptrend chances.
Hence, with the underlying shift and a potential market-wide recovery, a 10x surge is possible of BILLY this August.
Breakout Run For This Altcoin Eyes 10X Surge
With a breakout rally standing strong against the market pullback, this altcoin is waiting for situations to come under control for a 10x surge. However, the market correction hits the pause button over the recovering rally.
As per the trend-based Fibonacci levels, the bulls take a step back from the 23.60% Fib level but the RSI line sustains above 50%. However, with the underlying demand sustaining the prices above $0.50, the AIOZ price is likely to hit the 1.618 Fib level at $4.58.
