With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.
Based on previous recoveries and ongoing bullish trends, here are the top three top-performing altcoins to buy this week. So, let’s take a quick look at the price chart of our altcoin picks.
In the daily chart, the Dogecoin price action reveals a falling-wedge breakout rally gaining momentum. The increased bullish influence has resulted in a golden crossover in the 50-day and 200-day EMA. However, the recent pullback in the altcoin retests the 50% Fibonacci level at $0.1571.
With a lower price rejection, the altcoin offers an entry opportunity at comparatively low prices based on the upside potential. Using the Fibonacci retracement tool, the meme coin shows the potential to reach the 100% Fibonacci level at $0.22. Meanwhile, the optimistic target remains at the 1.618 Fibonacci level near the $0.30 psychological mark.
Apart from the meme coins, the Solana altcoin shows massive upside potential. It has increased by nearly 50% in the last 30 days and is trading at $166. Despite the short-term correction, the altcoin has concluded a lower-high formation in the daily chart and reveals a surge of bullish influence in the sideways trend.
Testing the $164 support, the altcoin offers an entry opportunity at a crucial support. If the broader market recovers, the altcoin is likely to surpass the $200 psychological mark. Using the price action level, the next target remains at $235-$250.
Check out Coinpedia’s SOL price prediction to learn about the rising Solana price targets in 2024.
As the Solana ecosystem grows, Radium, a high-ranking Solana-based protocol, reveals a bullish trend in motion, hitting the 1.618 Fibonacci level at $3.15; the altcoin reveals a massive bull run in action.
Currently, the altcoin has retested the $3.00 psychological mark and reveals a successful post-retest reversal. Considering the broader market recovery, the uptrend in Radium is likely to challenge the 2.61 Fibonacci level at $4.82.
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