The post Top 3 Altcoins Heading for ATH Breakouts in the Coming Week appeared first on Coinpedia Fintech News
With Bitcoin crossing above $91,000, crypto investors’ rising risk appetites tease a bull run in altcoins. Amid the increasing demand, many have hit a new 52-week high, with the reversal rally gaining momentum.
Will the increasing bullish momentum in altcoins result in a new all-time high for a few altcoins? Are you wondering the same? Worry not. We bring a list of the top three altcoins of high potential to reach new all-time high levels in the coming week. So, let’s take a closer look at the price analysis of these potential altcoins.
Top Altcoins With a New All-time High Potential:
AAVE (AAVE)
The Aave price trend in the daily chart showcases a rising broadening wedge pattern. Currently, AAVE is trading at $202, surpassing the critical psychological mark.
However, the bullish rally is struggling to reach the overhead resistance trendline. The recent bearish fallback came from the $211.61. However, over the past month, the DeFi token has increased by 32%.
Despite trading at a massive discount of 70% from its all-time high of $461, the rising demand in the altcoin segment and the DeFi sector increases its chances of a new all-time high.
The breakout of the rising broadening wedge will be a critical entry point for price action traders.
Will the Jupiter (JUP) price cross $5? Find out now in the latest JUP price prediction by Coinpedia.
Ethereum Naming Service (ENS)
The (ENS) Ethereum Naming Service token showcases a massive surge of 112% this week. This creates a massive bullish engulfing candle, undermining the 2024-2025 crypto winter.
It has surpassed the 50% Fibonacci level at $41.58. Currently, the ENS token is trading at $43.14 and trading at almost half of its all-time high at $84. With the massive recovery in a week, the bullish trend is expected to continue for another week.
Supporting the bullish trend, the MACD indicator has given a positive crossover. Hence, it could potentially surpass the all-time high level.
Jito Finance (JTO)
With a long-coming resistance trendline breakout, the JTO token is on a bullish roll. With a second positive test jump, the JTO token is trading at $3.7650 and is sustaining dominance above the 50% Fibonacci level.
As the bullish trend continues, the rounding reversal is preparing for a new all-time high above its $5.33 level. The critical entry point for price action traders will remain the 61.80% Fibonacci level breakout at the $4 psychological mark.
FAQs
AAVE’s rising broadening wedge pattern and increasing DeFi sector demand signal strong upside potential.
ENS is trading at $43.14, nearly 50% below its $84 high, with bullish indicators suggesting further recovery.
A breakout above $4 (61.80% Fibonacci level) could push JTO past its $5.33 all-time high.
