Altcoin
Will these top performing Altcoins lead to a 2x increase next week?
With the bull market starting to emerge, the massive jump in small-cap altcoins signals a diversified approach from investors. As the bull trend accelerates in these undervalued tokens, will the bull run lead to a 100% increase next week?
With meme coins leading the way, should you consider buying these small-cap altcoins to double down on the near-term gains? Let’s take a closer look at the price charts of these top-performing altcoins to gain a deeper understanding.
WEMIX Token Jumps 36%, Eyes $3
Being a high-performing altcoin, WEMIX token shows a 36% price jump overnight. With this, a huge bullish engulfing token weakens last week’s downtrend.
However, the altcoin shows a long-term bearish trend on the daily chart. With this rally, WEMIX price breaks above the 50D EMA but may soon approach the confluence of the 200D EMA supply and a resistance trendline.
Currently, the altcoin is trading at $1.34 with an intraday decline of 3.30%, reflecting a pullback after the massive jump.
If the bull run persists, the uptrend of WEMIX price can reach the $3 mark.
Strong Uptrend in Altcoin BNX Targets $2 with Breakout Run
With a bull run in action, BNX price action forms a solid support trendline on the 4H chart. In the recent trend, the altcoin formed a pullback phase with a resistance trendline, keeping the growth in check.
However, the recent bullish recovery from the support trendline has brought the altcoin’s correction phase to an end. With the breakout of the trend line, BNX price regains the psychological limit of $1.
Currently, BNX price is trading at $1.176 after jumping 16% overnight. If the bull run continues, the uptrend may break above the $1.50 peak for an attempted run towards $2.
Considering the uptrend continues, a descending wedge breakout rally can recapture the $1 psychological level. With this breakout momentum, the AI token can jump to the $2 mark or the 1.618 Fibonacci level by the end of July.
AIOZ price prepares channel break for 2x increase
After the bullish failure to break out of the $0.90 mark since the reversal at $0.60, AIOZ price undergoes a massive collapse. With the resumption of a downtrend, the altcoin falls below the 200-day EMA and the psychological support of $0.50.
Furthermore, the downside increases the probability of a deadly crossover on the daily chart between the 50D and 200D EMA.
However, the recent overnight price increase of 12.66% from the support trend line. The bullish reversal tests the break of the 200D EMA and may soon reach the upper trend line.
With a bullish recovery, the altcoin’s uptrend can result in a price jump up to $1.