The crypto market is bouncing back with the U.S. Federal Reserve finally cutting interest rates after four years since the 2020 COVID pandemic. Similar to the global markets, the Bitcoin price surpassed the $62,000 mark with a boost in altcoins.
Amid the recovery rally, the altcoins are performing well, with the top cryptos gaining more than 10% in the past 24 hours. Among the top performers, we have listed the top three choices you must consider buying as they are ready to commence their uptrend journey.
Let’s look at their price charts with these altcoins set to deliver 2x gains next week.
Following the falling wedge pattern breakout in the daily chart, the SUI token price continues a bullish trend with the rounding bottom reversal. Surpassing the decline at the psychological mark of $1, the uptrend in the SUI token has accounted for 75% over the last 18 days.
The bull run has surpassed the 50% Fibonacci level at $1.30 and is ready to challenge the 67.80% level at $1.488. Based on the Fibonacci level and the breakout rally gaining momentum, the broader market recovery can push the altcoin to the 1.618 Fibonacci level at $3. This will account for a price jump of 126%. Further, the golden crossover in the 50-200-day EMA is inching closer, reflecting the high-trend reversal possibilities.
Read more about SUI’s future to find out if the uptrend will reach $3 in our SUI price prediction for 2024-2030.
As one of the top-performing meme coins, the Popcat Triangle Breakout Rally projects a high likelihood of a bullish trend. The meme coin reveals a solid bullish trend, surpassing the $0.85 psychological mark.
With a massive upsurge of 18.93% yesterday, the bull run in Popcat continues with an intraday gain of 3.92% and is currently trading at $0.87. The triangle breakout rally gains momentum toward the next psychological resistance at $0.90. With a bullish crossover in the 58200 EMA, the rising demand for the altcoin exceeds the 78.60% Fibonacci level.
Based on the Fibonacci level, the next crucial resistances for the Popcat crypto are at $1.16 and $1.39. Hence, with an upside of 60%, Popcat is worth considering buying this week.
The PEPE coin prepares for a trend reversal rally by making a wedge pattern within a larger falling channel pattern. The PEPE price action teases a breakout rally at play by surpassing the overhead trendline in the recent recovery run.
Furthermore, the bullish recovery rally accounts for a price jump of 10% in the last three days and challenges the merged 50 and 200-day EMA. As the recovery rally gains momentum, a breakout above the 200-day EMA will avoid a death cross event.
Supporting the bullish scenario, the daily RSI line is on an uptrend, surpassing the halfway line. Furthermore, the intraday gain of 4.12%, creating a bullish engulfing candle, signifies a solid breakout of the overhead trendline.
Based on the price action levels, the crucial resistances for the altcoin are $0.0000010, $0.0000012, and $0.00000165. Hence, with an upside of almost 112%, PEPE is worth considering buying in this new crypto bull run.
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