TOP ALTCOINS WORTH KEEPING AN EYE ON

TOP ALTCOINS WORTH KEEPING AN EYE ON

It’s the start of a brand new week. What better time than now to take a look at the top altcoins that seem to have ample room to pump? So let’s get down to business right away.


12-Hour Chart for Cardano (ADAUSDT)


Some altcoins have enjoyed strong gains in recent days. A good example of this is ADA. Over the previous few days, its trading volume has increased, and today it broke out of a falling channel it had been in for more than a month.

At the time of writing, the price is trading at $0.4786, with overhead resistance at slightly over $0.49.

In light of the current market conditions, it’s probably a good idea to wait until price retraces to retest the breakout of the falling channel (in the $0.46- $0.47 region) before entering an ADA trade.

There has been a lot of positive press about ADA recently, and it is expected that its price will rise significantly in the days to come.

Top altcoins

1-Month Chart for US Dollar Index (DXY)


The DXY (on the monthly chart) has reached a critical level and is currently edging back slightly. Cryptocurrencies, which are risk-on investments, could be running right now because of this.

That said, one can still notice an upward inclination in the RSI. It’s still too early to know if this DXY pullback is only a pit stop on the way to the next move upward or whether it signals a complete reversal.

A high-timeframe view suggests that the DXY will continue to rise at least through the third quarter of the year. This means that you should view any crypto rallies as ephemeral relief rallies only.

Top altcoins

1-Day Chart for Bitcoin (BTCUSD)


It was anticipated that if the bulls could take the 34 EMA on the daily chart, it would be a huge deal. 

The break above the EMA is a very positive signal. We may expect the picture to begin to alter in case we witness a few more closes above that EMA.

The 200-weekly Moving Average must be cleared as the next big hurdle.

An enormous relief rally may be triggered if all short-trading at the final minute is be struck by a short squeeze. This, in turn, may propel Bitcoin to $28,000!

Top altcoins

12-Hour Chart for Solana (SOLUSDT)

One of the top altcoins that has demonstrated a bullish streak recently is SOL.

A six-week-long resistance line developing since June was broken today. It was tested three times over that time span.

If SOL retraces back down and retests the prior resistance line (that has now transformed into support) around about $40.00, one can consider a trade.

$47.00 and $54.00 are the current levels of overhead resistance.

Top altcoins

12-Hour Chart for Fantom (FTMUSDT)



It was the 20th of June since there was a resistance line for FTM, but it has been broken through.

Buyers are returning to the market, which has led to an uptick in FTM trading volume, making it one of the top altcoins to keep an eye on.

Only if the price drops and retests the previous resistance line, which now stands at about the $0.2750 level, should one consider opening an FTM trade.

Since November, when FTM was trading at $3.00, its value has fallen by almost 95%.

Just like many of the coins available in the market, FTM is oversold on the higher time frame charts. Experts expect to see some solid gains over the coming few weeks, though.

Overhead resistance for FTM is currently at $0.2850, $0.314, and $0.34.

Top altcoins

Fear & Greed Index For Bitcoin


The Fear and Greed Index for Bitcoin is now at 20 points. So, we’re back in the Extreme Fear zone again.

Seven days ago, the index reached a peak of 24, and a low of 15. If the market continues pumping, we anticipate it to rise somewhat in the next day or two.

Top altcoins

Top altcoins

Overall Market Sentiment:


Over the weekend, the market activity picked up with ETH surpassing Bitcoin by over 25%, Bitcoin’s dominance falling to 43.63 percent, and various altcoins enjoying their largest daily percentage increases of the year. Also, LIDO and Rocket Pool had significant improvements over the weekend.

Don’t get too excited, however. There are big hurdles ahead for both BTC and ETH, therefore we advise you to be prudent. It may be a good moment to take some winnings in exchange for a decent night’s sleep if and when the market drops again.


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