Altcoin
The 4 best Altcoins with upside breakout potential
Since the price of Bitcoin started correcting from $70,000 to $66,000 a week ago, then from $65,000 to the current price of $61,172, the overall momentum has faded. Despite this, some altcoins resisted the trend this week and made significant profits.
This medium-volatile environment has historically proven to be a point where potential altcoins can peak, some flip zeros, and some surpass market cap.
Here are the 4 major cryptocurrencies that are on the verge of breaking through crucial resistance.
Kaspa (KAS): Breakout with curve correction
At the time of writing, Kaspa KAS was trading at $0.1761, up 8.9% in 24 hours, on a massive 200% increase in volume. KAS price is bullish regarding price trading above all moving averages and technical indicators are neutral for buy signal.
Furthermore, the KAS/USDT chart has retested a resistance at $0.1780 and now tracks the possibility of a cup and handle pattern forming with a few more trading sessions. If this completes, a breakout towards the $0.19 resistance is expected, with a further rally towards the $2 zone.
Kendu Inu (KENDU):
Kendu Inu, KENDU at press time is trading at $0.000172, this Ethereum-based meme coin has grown by 280% in a month. Although the project does not represent any use case, no historical data on KENDU has had a significant impact on the meme coin market.
The altcoin touched ATH last week and has the potential to break above the $0.0002 level.
The KENDU/USDT chart shows Bollinger bands with the price away from the center line, showing a bullish signal to the upside. Furthermore, a narrower bandwidth shows increasing volatility. The RSI at 57 indicates that the price leaves room for an upward direction without being overbought.
If the trend continues, KENDU could reach $0.0002 and rally further.
Aave, Aave
Aave, AAVE at the time of writing is $95.34 up 4.53% in 24 hours. Aave’s performance since mid-May has been impressive, but she failed to continue into June.
June was a downtrend for Aave, but over the past 7 days, the altcoin has gained 8.8% in 7 days and has consistently been making an upward price action.
The AAVE/USDT chart reveals that prices are trading near horizontal and vertical resistance, and a breakout from this level is possible as the RSI is still at 57 with upward momentum.
Additionally, an increase in DAU (daily active addresses), TVL, and other on-chain metrics has been observed in the last 15 days. Any invalidation from the resistance point above here will attract the bulls towards the strong support zone, if validated, the next price target will be $102, $104, $109 and $115.
Jealous coin, JELSOMIA
JASMY, which currently changes hands at $0.0313, is up 4.8% in 24 hours and has entered a price recovery zone trying to breach the EMA20 trend line. JasmyCoin started the month with a spike to a yearly high of $0.044, but failed to sustain above that level, resulting in a bearish trend for the past 3 days.
The JASMY/USDT chart represents a potential breakout as the price is trading in the descending channel with a downside resistance line. If the price breaks above this line, it will hover in the $0.02 zone with further rally.
The MACD is intact with the signal line supporting the rally; if the blue line manages to break above the red line, you will see the above breakout picture in the paid trading session.