Despite the crypto market’s signals of a potential intense pullback, the market is likely to turn around in the coming weeks. Further, the potential upcycle in Bitcoin from $60,000 could kickstart the next altcoin rally.
Witnessing an intense correction phase during the market pullback, the altcoin segment could outperform top names if the market recovers. So, let’s take a closer look at our list of top altcoins to buy in August for 10x Profits.
Top Altcoins To Buy This Month:
Trading at the psychological support of $0.10, the meme coin with a $98M market cap shows a 10x potential this August. Despite a falling wedge in the daily chart and a primary resistance trendline above the pattern, the altcoin is ready for a bullish trend reversal.
A bullish crossover awaits in the MACD and signal lines and the daily RSI line showcases a bullish divergence. Hence, the technical indicators bolster the uptrend chances in the meme coin.
The coin is MYRO. With an impending bullish reversal, the meme coin eyes a breakout run to the 1.618% Fib level at $0.23. Optimistically, the bull run coupled with market recovery could boost it by 10x this month.
Another Wedge Breakout For Trend Reversal
Another altcoin with a declining trend in motion shows massive underlying potential for a bull run this month. Trading at under 10 cents at $0.08463, the meme coins are preparing for a bull cycle from the support trendline.
With a market cap of less than $100M, the altcoin with a $79M valuation shows a massive upside if the market bounces back. Further, the bullish divergence in the daily RSI bolsters the uptrend chances.
Hence, with the underlying shift and a potential market-wide recovery, a 10x surge is possible of BILLY this August.
Breakout Run For This Altcoin Eyes 10X Surge
With a breakout rally standing strong against the market pullback, this altcoin is waiting for situations to come under control for a 10x surge. However, the market correction hits the pause button over the recovering rally.
As per the trend-based Fibonacci levels, the bulls take a step back from the 23.60% Fib level but the RSI line sustains above 50%. However, with the underlying demand sustaining the prices above $0.50, the AIOZ price is likely to hit the 1.618 Fib level at $4.58.
The post appeared first on Coinpedia
