Altcoins
Top Performing Altcoins To Watch With Huge Upside Potential
The cryptocurrency market has made a comeback after a bearish day caused by the negative impact of negative net inflows into Ethereum ETFs. With BTC returning to $67,000, altcoins have quickly rebounded and signaled a potential upside in the coming days. Among multiple altcoins, today’s top performing altcoins are showing a very likely uptrend with a breakout or reversal rally. So, let’s take a closer look at these top performing altcoins to watch to discover their upside potential.
Top Performing Altcoins to Watch: Helium (HNT)
With the momentum released by a trendline breakout, HNT price makes a successful post-retest jump. The overnight jump of 7.37%, making it a top-performing altcoin, comes with a lower price rejection tail.
Currently, HNT price is trading at $5.238 with a bullish attempt to break above the $5.25 supply zone. Moreover, the uptrend increases the chances of a golden crossover between the 50D and 200D EMAs.
If the bullish momentum continues above the $5.25 area, Helium could reach the psychological $2 and $2.75 mark as the next potential target.
Coat (MNT)
Ending the correction phase, MNT price action reveals a breakout of the descending channel on the daily chart. The bullish cycle that started with the channel at $0.62 is now retesting the 23.60% Fibonacci breakout at $0.81.
With a successful post-retest jump, MNT price action forms a morning star pattern at the baseline. Moreover, the 7% surge, including the rejection from below, helps Mantle rank among the top-performing altcoins.
If the uptrend continues, the breakout rally shows a potential upside of nearly 50% to reach a 78.60% Fibonacci level at $1.26. Therefore, the altcoin’s rise presents a bid to surpass the psychological $1 mark.
Pyth Network (PYTH)
The most debatable but with the highest upside potential in this list of bullish altcoins, the PYTH network is a high-yield, high-risk token. With a bullish reversal surge from $0.27, the PYTH token has increased by 41% in value.
Additionally, a triple white soldier pattern has pushed the altcoin up 15% in 72 hours, making it one of the best performing altcoins. On the weekly chart, the chances of a double bottom reversal are high for PYTH, with the uptrend approaching the 23.60% Fibonacci level.
A continuation of the uptrend is likely up to the 23.60% Fibonacci level at $0.47 to complete a downward reversal. Therefore, a 25% increase is likely in the coming weeks. Optimistically, a bullish trend reversal could reach the 50% level at $0.70.