The post Top Altcoins To Buy That Can Hit ATH In July 2024 appeared first on Coinpedia Fintech News
With the Bitcoin price taking a bounce back at the $60K support zone, the broader market anticipates an optimistic price movement this month. Further, the altcoins reveal a high momentum bullish trend in the low-cap sector that may soon surpass their all-time high levels.
As the bull run anticipations rise, the smart money follows such underrated altcoins. However, finding these tokens remains a huge and critical task for sideline traders. Worry Not! Based on technical analysis and market sentiments, we bring you a list of high-potential top altcoins poised to hit ATH in July.
Pendle (PENDLE)
With a $762 Million market cap, the PENDLE token price reveals a downtrend in the daily chart. Forming a falling channel and breaking under the 50D EMA, the downfall brings the altcoin under $5.
Trading at $4.92 with an intraday drop of 2.53%, the altcoin forms a bearish candle, undermining the 1.52% jump on Sunday. Further, there is a bullish resurgence with the possibility of the Morning Star taking a hit.
With higher price rejection and failing to sustain above the 38.20% Fibonacci level, the negative cycle continues. However, as the broader crypto market revives, a bull run is possible within the altcoin channel.
A breakout rally of the falling channel can propel the PENDLE price higher to the $9.16 mark. Optimistically, it can hit the psychological mark of $10.
Bitget Token (BGB)
With an intraday growth of 5.57%, the BGB toke price sustains the higher low formation. The bull run continues with the support of the rising trendline, and the altcoin reclaims the 50D EMA while maintaining dominance over the $1 psychological mark.
With a 110% YTD growth, the BGB token shows a bullish trend, trades at $1.21 and forms an engulfing candle. As the buyers remain dominant, the BGB price is soon to surpass the peak of $1.48.
This increases the chances of a new all-time high formation and could result in the altcoin price surge to the $2 mark.
ONDO (ONDO)
With constant support from the 50D EMA, the ONDO price trend forms a triple bottom at the $1.11 mark. As the accumulation phase grows, the breakout anticipation increases, which could hit the $1.552 mark.
A sudden halt in the negative cycle, coupled with lower price rejection within the rising channel, increases the chances of a bull run in the altcoin.
As per the trend-based Fibonacci levels, the bull run in the ONDO price teases a run to the $2 psychological mark.