With the Bitcoin price likely to cross about the $100,000 mark this week, the altcoins are on the verge of bullish explosion. With the smart money flowing into the lower-cap altcoins for bigger returns, the breakout rally in such altcoins is occurring more frequently.
So, are you confused about which altcoin to buy this week for a 2x gain? Worry not; we have brought you the top 3 altcoins likely to give 2x returns this week.
Jito Finance (JTO) Eyes $7.47
Starting with JITO Finance, the long-coming resistance trendline breakout shows a bullish rally at play. With post-retest reversal from the 23.60% Fibonacci level, the altcoin is now inching closer to the $4 psychological mark.
Following the golden crossover, the 100 and 200 EMA are on the verge of giving a bullish crossover. As the recovery rally takes place, the altcoin is likely to complete a rounding bottom reversal with the neckline at $4.59.
With the positive alignment in the MACD and signal line, the Fibonacci level pinned the price target at $6.2753 and $7.4749. Hence, with a massive upside of more than 100%, the JITO token is a must-buy this week.
Hedera (HBAR) Breakout Puts $0.55 on Radar
In the weekly chart, the HBAR price trend shows a massive recovery rally at play. Surpassing the 23.60% Fibonacci level, the altcoin has exceeded the 50-week and 200-week EMA line.
Following the three consecutive bullish weeks, the uptrend has now reached the $0.14. Despite the incredible back of 1.78%, with the post-retest reversal from the 23.60% level, the altcoin is likely to reach the $0.24 mark.
Beyond this, the 78.60% Fibonacci level at $0.35 is the next potential price target this week. The MACD indicator gives a buy signal for the HBAR token as it maintains a positive alignment with the surge of bullish histograms. Meanwhile, the 50-100-week EMA line is on the verge of a bullish crossover.
Hence, with positive signals and technical insights signaling a buying opportunity, HBAR is likely to give more than 2x returns this week.
Polkadot (DOT) Rally Target $16
In the daily chart, the Polkadot price action shows a falling wedge breakout value gaining momentum. With a parabolic rise, the altcoin has increased from the $4 psychological mark to the current price level of $9.15.
The increased demand has resulted in a golden crossover within the 50-day and 200-day AMA. Furthermore, the MACD and Signalize are maintaining a positive alignment.
Based on the Fibonacci levels, the altcoin rally challenges the 78.6% Fibonacci level at $9.25. However, the broader market recovery is likely to continue the bull run in Polkadot.
Based on the price action and Fibonacci levels, the upside price targets are at $13.63 and $16.26. Hence, with a potential 2X rally, the Polkadot price will continue the bull run.
Curious to know if the uptrend in Polkadot will reach $100. Check out Coinpedia’s latest DOT price prediction for 2025-2030 targets.
Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0
CFN Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed