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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.
- Nov 30, 2024 08:06 UTC
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Top 3 Altcoins Heading for ATH Breakouts in the Coming Week
AAVE at $202, 70% below $461 ATH, needs a $211.61 breakout for the upside.
ENS at $43.14, up 112%, may challenge $84 ATH if above $41.58.
JTO at $3.76 targets $5.33 with $4 breakout.
With Bitcoin crossing above $91,000, crypto investors’ rising risk appetites tease a bull run in altcoins. Amid the increasing demand, many have hit a new 52-week high, with the reversal rally gaining momentum.
Will the increasing bullish momentum in altcoins result in a new all-time high for a few altcoins? Are you wondering the same? Worry not. We bring a list of the top three altcoins of high potential to reach new all-time high levels in the coming week. So, let’s take a closer look at the price analysis of these potential altcoins.
Top Altcoins With a New All-time High Potential:
AAVE (AAVE)
The Aave price trend in the daily chart showcases a rising broadening wedge pattern. Currently, AAVE is trading at $202, surpassing the critical psychological mark.
However, the bullish rally is struggling to reach the overhead resistance trendline. The recent bearish fallback came from the $211.61. However, over the past month, the DeFi token has increased by 32%.
Despite trading at a massive discount of 70% from its all-time high of $461, the rising demand in the altcoin segment and the DeFi sector increases its chances of a new all-time high.
The breakout of the rising broadening wedge will be a critical entry point for price action traders.
Will the Jupiter (JUP) price cross $5? Find out now in the latest JUP price prediction by Coinpedia.
Ethereum Naming Service (ENS)
The (ENS) Ethereum Naming Service token showcases a massive surge of 112% this week. This creates a massive bullish engulfing candle, undermining the 2024-2025 crypto winter.
It has surpassed the 50% Fibonacci level at $41.58. Currently, the ENS token is trading at $43.14 and trading at almost half of its all-time high at $84. With the massive recovery in a week, the bullish trend is expected to continue for another week.
Supporting the bullish trend, the MACD indicator has given a positive crossover. Hence, it could potentially surpass the all-time high level.
Jito Finance (JTO)
With a long-coming resistance trendline breakout, the JTO token is on a bullish roll. With a second positive test jump, the JTO token is trading at $3.7650 and is sustaining dominance above the 50% Fibonacci level.
As the bullish trend continues, the rounding reversal is preparing for a new all-time high above its $5.33 level. The critical entry point for price action traders will remain the 61.80% Fibonacci level breakout at the $4 psychological mark.
FAQs
AAVE’s rising broadening wedge pattern and increasing DeFi sector demand signal strong upside potential.
ENS is trading at $43.14, nearly 50% below its $84 high, with bullish indicators suggesting further recovery.
A breakout above $4 (61.80% Fibonacci level) could push JTO past its $5.33 all-time high.
Yes 
No 
