As Bitcoin reclaims the $60,000 and sustains a rally above $63,000, the rising volumes support the uptrend chances. Amidst this sharp and surprising recovery of Bitcoin, altcoins siphon the increased market optimism to amplify the bull run.
With multiple coins giving double-digit returns in a day, the relief rally spreads like wildfire. Under such market conditions, we bring you a list of top altcoins with high relief rally chances next week. So, let’s look closer at their price analysis for a more confident approach.
Meme Coin WIF Price Preps Breakout Run
One of the best performing, trendy, and new meme coins, Dogwifhat is ready for a massive jump with a triangle breakout. The WIF price action shows a double bottom reversal to exceed the overhead resistance trendline and challenge the 50% trend-based Fibonacci level at $3.35.
With a divergence in the daily RSI line, the underlying bullish shift bolsters the uptrend possibility. Currently, the altcoin trades at $3.31 with an intraday growth of 6.67%, forming the fourth consecutive bullish candle.
Breakout of $3.35 could pump the meme coin to reach the $5 mark and potentially head to $6.50.
The Nervos Network (CKB) Altcoin Aims $0.035
During the massive drop of 50% to the crucial support zone of $0.015, the CKB loses the dynamic support of 50D EMA. However, the demand zone at the psychological level leads to a quick reversal and challenges the 50% Fibonacci retracement level.
Following the 16% overnight jump, the CKB price trades at $0.018 with an intraday growth of 2.95%. Considering the broader market sustains the recovery rally, a relief rally with additional market push could drive an uptrend in Nervos Network.
If the uptrend breaks above the 50% Fibonacci level, the bull run could hike the altcoin prices to $0.036.
Bull Run In Floki Could Hit $0.00030 Next Week
Positioning itself as a high-performing meme coin, the FLOKI price trend projects a potential comeback next week. The altcoin shows a falling channel breakout and is ready to cross above the psychological mark of $0.00020.
With an intraday growth of 9.61%, the FLOKI price trades at $0.000191 and marks the fourth positive day in a volatile market. Further, with increased volume, the meme coin is ready for a bull run next week and potentially hit the $0.00030 mark.
Will These Altcoins Surge Next Week?
The altcoins are ready for a relief rally in response to Bitcoin preparing a bull run beyond $65,000 next week. With the above-mentioned coins showcasing strong potential to become top performers, the markets are ready for a bounce back.
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