Top 4 Altcoins With Upside Breakout Potential

Since the Bitcoin price started correcting from $70K to $66K a week ago, then $65K to the current price of $61,172, the overall momentum has faded. Despite this, some altcoins have been resilient to the trend this week and have made notable profits.

This medium volatility environment has historically proven to be a point where potential altcoins can spike, some go to zero, 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 press time, Kaspa KAS was trading at $0.1761, a move of 8.9% in 24 hours, with a massive volume spike of 200%. KAS price is bullishly trading above all moving averages and technical indicators are at a neutral buy signal.

Additionally, the KAS/USDT chart has retested resistance at $0.1780 and now plots the possibility of a cup and handle pattern forming with a few more trading sessions. If this is completed, a breakout towards the $0.19 resistance is expected, which will lead to a further rally into 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 the ATH last week and has the potential to break above the $0.0002 level.

The KENDU/USDT chart shows Bollinger Bands with price far from the center line, showing a bullish signal in the uptrend. Also, the closest band width shows increasing volatility. The RSI at 57 indicates that the price is creating room for an uptrend without being overbought.

If the trend continues, KENDU could reach $0.0002 and continue to rise.

Aha, Aha

Aave, AAVE at the time of writing is $95.34 with a 4.53% increase in 24 hours. Aave’s performance since mid-May has been impressive, but it has failed to continue in June.

June was a bearish month for Aave, but the altcoin has gained steam over the past 7 days, gaining 8.8% in 7 days and seeing a steady upward price trend.

The AAVE/USDT chart reveals that prices are moving close to the horizontal and vertical resistance, and a breakout from this level is possible as the RSI is still at 57 with upside 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, JELSOMY

JASMY, currently trading at $0.0313, is up 4.8% in 24 hours and has entered a price recovery zone attempting to breach the EMA20 trend line. JasmyCoin started the month with a spike to the yearly high of $0.044 but failed to sustain above that level, giving rise to a downtrend for the past 3 days.

JASMY/USDT chart is a potential breakout as the price is trading in the descending channel with a downside resistance line. If the price breaks out of 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, the above breakout pattern will be seen in the paid trading session.

Read also: Bitcoin Price Prediction: No Confirmation of Bullish Reversal, Major Drop to $56k on Cards

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