Altcoins
Are these the next two best performers?
As the market regains momentum after days of intense correction, high-potential altcoins are poised for a fresh bullish breakout. Moreover, as Asian markets slowly overcome the impact of the Iran-Israel conflict, the cryptocurrency market could find an additional boost with a rebound in the US markets today.
Amid such anticipation of an economic recovery, the Akash Network and Nervos Network present high-potential opportunities. Will these altcoins manage to outshine the mainstream and become the top performers thanks to a brilliant rally?
Let’s check their price action analysis to determine the upcoming trend of AKT and CKB prices.
Will CKB Altcoin Price Surpass $0.050?
As major altcoins struggle to find a solid base for a reversal, CKB’s price action is at a crucial juncture. Despite the recent pullback of nearly 40% from the upper resistance trendline, the altcoin is resting on the 50D EMA.
Moreover, the altcoin is holding above the 50% Fibonacci retracement level and teasing a rebound. Currently, CKB price is trading at $0.021944 and is struggling to avoid a decline below the dynamic support of the 50D EMA.
A reversal rally with additional support from a broader market recovery could fuel the bull run to the psychological $0.050 mark.
Read also : Top Altcoins With High Recovery Potential To Buy This Week
Will AKT Price Reach $10?
With a bearish breakout of a critical support trendline, the first glimpse of the AKT price chart reflects a bullish struggle. However, the sharp decline in the altcoin’s price finds support at the confluence of critical demand elements.
The altcoin’s 43% drop is testing the 200D EMA and the crucial $3.20 demand zone. Currently, the breakout rally is failing to gain significant momentum to break above the support confluence.
Moreover, the altcoin price reversal rally is targeting an undercurrent move to climb back above the broken trendline. In doing so, buyers could limit the chances of a death cross and signal a recovery rally.
On an optimistic note, the reversal rally could reach the $6 mark.
Also see: Top 3 Cryptocurrencies to Invest in as Altcoins Are About to Emerge