As Bitcoin continues its recovery rally and tests the $63K mark, there is growing anticipation for a bounce back to $70K next week. Alongside the bullish market sentiment, low-cap altcoins are gearing up for a potential moonshot in the coming days.
Here are some top altcoins to consider for potential buying opportunities:
Loom Network (LOOM):
With a market cap of $77M, Loom Network has seen a 21.80% increase in the past 24 hours. The token price is currently trading at $0.06269, showing a remarkable growth of 36.59% over the last seven days. In the weekly chart, Loom Network is showing signs of a bullish reversal from the key support level of $0.035, indicating a possible double-bottom reversal. The altcoin has recorded two consecutive weekly bullish candles, with a target of $0.10 if buyers can overcome dynamic resistances.
Ardor (ARDR):
Ardor has witnessed a bullish reversal from $0.05839 in the weekly chart, with a 24.45% increase in price this week. Currently trading at $0.08078, the altcoin is eyeing a golden crossover between the 50-day and 200-day EMA. The potential targets for the recovery rally are $0.13807 and $0.2242.
Cudos (CUDOS):
Over the past seven days, the CUDOS token price has surged by 78.52%, displaying a series of bullish candles. The altcoin has surpassed the 50-day EMA and 200-day EMA, as well as the $0.10 psychological mark. Trading at $0.01191, CUDOS is showing signs of a potential golden crossover between EMAs. The recovery rally is challenging the $0.030 peak, with a possible resistance near the $0.018 swing high.
As these altcoins gear up for potential bullish momentum, investors should keep a close eye on market trends and key resistance levels for potential buying opportunities. Stay informed and make informed decisions in the volatile cryptocurrency market.