Altcoins
Best Small-Cap Altcoins for a Breakout Rally This Week!
As top large-cap altcoins take a big hit with the Bitcoin Price fall of 2% today, the low caps shine brightly. Among the list of the best performers of the last 24 hours, PYTH and APT tokens are in the spotlight.
With a stunning surge that began this week, altcoins are heralding another breakout rally. While the secondary traders wait for the secondary boosters to commit, the PYTH network and Aptos could outperform other altcoins this week.
Let’s take a closer look at these altcoins and see if now is the best time to invest.
Will the PYTH network surpass $2?
In the 4H chart, the PYTH token price shows a bullish reversal to restart the current uptrend. With the jump of 8.26% this Sunday, the altcoin concludes the decline, leading to the break of the resistance trend line.
Buyers are claiming absolute dominance at the $1-$0.90 support zone, fueling the recent takeoff. According to trend-based Fibonacci levels, the rally is poised to reach the 50% mark at $1.16 for a new all-time high.
Since the uptrend continues, the altcoin price could reach the $1.45 mark. Optimistically, the 1.618% Fibonacci level appears as the next psychological barrier near the $2 mark.
Learn more: Analyst Reveals Top 3 Altcoin Picks for This Bull Run
Will APT Price Go Above $20?
Taking a broader time-frame approach to Aptos, the daily chart reflects a rounded bottom pattern. The trend reversal starts from the low of $4.72 in October 2023, representing a 258% jump in 25 weeks.
Leading to a golden crossover to fuel the positive trend at the 50-day and 200-day EMAs, APT price trend challenges the $18.40 level. In the event of a potential breakout, the altcoin can increase the market value beyond $20.
According to Fibonacci levels, the rally lower could target the 1.618% level at $26.85 this week. In a longer time frame, the altcoin price pattern aims to reach the $32 mark.
Also discover: Ripple continues to maintain a consolidated trend; Can it reach $0.7 in April 2024?
Will these Altcoins spark a rally this week?
With the bullish reversal gaining momentum in every altcoin, the chances of a breakout rally are high this week. Additionally, general market sentiment anticipating an uptrend with Bitcoin halving this month reinforces the thesis. Therefore, PYTH and APT tokens are promising bets for secondary traders this week to capitalize on a breakout rally.