As Bitcoin regains $60,000 and maintains a rally above $63,000, increasing volume supports the chances of an uptrend. Amid this sharp and surprising Bitcoin recovery, altcoins are sucking up rising market optimism to power gains.
With many coins delivering double-digit returns in a day, the relief action spread quickly. In such market conditions, we bring you a list of top altcoins with high chances of rallying next week. So, let’s take a closer look at their price analysis for a more confident approach.
Meme Coin WIF Price Prepares for Breakout Breakout
One of the best performing, trendy and new meme coins, Dogwifhat is ready to take a big leap with a triangle breakthrough. WIF price action shows a double bottom reversal that surpasses the overhead resistance trendline and challenges the 50% trend-based Fibonacci level of $3.35.
With the divergence in the daily RSI line, the underlying bullish shift strengthens the possibility of an uptrend. Currently, the altcoin is trading at $3.31 with an intraday growth of 6.67%, forming the fourth consecutive bullish candle.
A breakout of $3.35 could pump the meme coin to reach the $5 mark and potentially head towards $6.50.
Nervos Network Altcoin (CKB) Targets $0.035
During a massive 50% drop to the crucial $0.015 support zone, CKB lost dynamic support from the 50D EMA. However, the demand zone at the psychological level led to a quick reversal and challenged the 50% Fibonacci retracement level.
Following a 16% overnight surge, CKB price is trading at $0.018 with an intraday growth of 2.95%. Given that the broader market is underpinning the recovery rally, a relief rally with additional market push could drive an uptrend in the Nervos Network.
If the uptrend breaks above the 50% Fibonacci level, bulls could raise the altcoin price to $0.036.
Bull Run On Floki Could Hit $0.00030 Next Week
Positioning itself as a high-performing meme coin, FLOKI price trends project a potential comeback next week. The altcoin is showing a descending channel breakout and is ready to cross the psychological mark of $0.00020.
With an intraday growth of 9.61%, FLOKI price traded at $0.000191 and marked the fourth positive day in the volatile market. Furthermore, with the increase in volume, the meme coin is all set to witness a bull run next week and potentially reach the $0.00030 mark.
Will These Altcoins Surge Next Week?
Altcoins are poised for a relief rally in response to Bitcoin preparing a rally beyond $65,000 next week. With the above-mentioned coins showing strong potential to be top performers, the market is poised for a comeback.