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Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jul 15, 2024 06:29 UTC
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Must Buy Altcoins That Could Hit A New All-Time High
With the Bitcoin price trading above $62K, the crypto market anticipates a bullish week ahead. Amidst the changing sentiments, the top large-cap altcoins offer massive upside potentials for a new all-time high this week.
With opportunities to buy large-cap altcoins before the bull run, let’s take a closer their price chart.
Top Large Cap Altcoins To Buy This Week: Binance (BNB)
BNB, the native token of Binance, has been up by 13.03% in the last seven days and has revealed a streak of bullish candles. With the crypto market heating up, the trading volumes over Binance are expected to increase as it dominates the centralized crypto trading market.
In the weekly chart, the recovery rally is under the shadow of a 15% drop bearish engulfing candle in early July. However, the altcoin reclaims the 50% Fibonacci level at $537 and trades at $557.
As the altcoin rally takes support from the 50W EMA, the uptrend continuation could surpass the $800 level.
Solana (SOL)
Known as Ethereum Killer, the native token of the Layer-1 Solana ecosystem, SOL, is ready for a bull run this recovery week. The SOL price trend shows a potential double bottom formation at the 50% Fibonacci level while taking support from the 50W EMA.
With the 12% jump last week and the 2.97% intraday jump, the bull run chances are high this week. Breaking above the 61.80% Fibonacci level at $158, the bull run in this altcoin could hit the $200 mark.
As per the Fibonacci levels, the SOL price can reach the $400 mark for a new all-time high this year.
Toncoin (TON)
With a market cap of $18.76 Billion, Toncoin ranks at #8 with a 5.25% jump last week. As the broader market recovery gains momentum, the TON price is ready to lift off from the support trendline.
Sustaining above the 50D EMA, the altcoin is struggling above the 50% Fibonacci level at $7.48. A breakout rally could ignite the bull run in the altcoin to hit the $10 psychological mark.
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