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Sohrab Khawas
Sohrab Khawas
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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 08:08 UTC
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Must Watch Altcoin To Buy This Week For A Breakout Rally
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.Â
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.Â
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.Â
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.Â
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.Â
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.
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