Top Three Altcoins To Buy Next Week

Published by

Sohrab Khawas

July 6, 2024

Surviving a market crash, the altcoins market signals a potential recovery rally in the upcoming week. As Bitcoin reverts from $52,500 to $56,5000, the low-cap altcoin skyrockets with increased momentum.

As the cryptos are ready to overcome the massive supply dump, these low-cap crypto gems are worth looking out. So, let’s examine our choice of top altcoins to buy next week for maximum gains.

Artificial Superintelligence Alliance (FET)

With the AI tokens ready for a comeback, the FET price action reveals a potential double bottom at the $1.15 mark. With an early reversal in the falling channel’s negative cycle, the altcoin projects a potential bounce back.

With a market cap of $3.149 Billion, the FET price is down by 28% in the last 9 days. However, the intraday growth of 9.40%, making a bullish engulfing candle, completes a morning star pattern.

With the upside target of $1.55 next week at the 38.20% Fibonacci level, the AI altcoin is a great pick for next week.

The Altcoin Jupiter (JUP) Eyes Wedge Breakout

With a declining trend in the daily chart, the JUP price action reveals a falling wedge pattern. In the recent crash, the altcoin dropped to the $0.73 mark of the 78.60% Fibonacci level.

However, the drop to $0.73 teases a bull cycle with a double bottom and a morning star at the support.

Currently, the altcoin trades at $0.76 with an intraday gain of 3.83%, forming a bullish engulfing candle. As the broader market recovery gains momentum, the JUP price teases a breakout rally to reclaim the $1 psychological mark.

As per the Fibonacci levels, the breakout rally could reach the $1.25 mark.

LayerZero (ZRO) Outgrows The Market Crash

With a massive recovery in the 4H chart, the ZRO token price seems completely unaffected by the market crash. With the V-shaped recovery rally from the $2.75 mark, the altcoin has increased by 32%.

Currently, the ZRO price trades at $4.337 and challenges the 1.618 Fibonacci level. As the bull run gains momentum, the altcoin price could witness a breakout run shortly.

As per the Fibonacci levels, the breakout rally could surge to the $5.657 mark next week.

Sohrab Khawas

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.