Rally

Bitcoin

Optimism

Reversal

Trillion

<p>The post <a href="https://coinpedia.org/price-analysis/high-potential-altcoins-to-ride-the-trend-reversal-rally/" rel="noopener noreferrer nofollow">High Potential Altcoins To Ride The Trend Reversal Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the altcoins market bouncing back towards the $1 Trillion valuation, the smart money is flowing into the altcoins. Further, with the Bitcoin price aiming to surface above $60K, the altcoins are expected to continue the rally on the bullish path.&nbsp;</p>
<p>With a. So, let’s look closer at the top Solana-based altcoins to watch out as the broader crypto market recovers.&nbsp;</p>
<h2 class="wp-block-heading" id="h-altcoins-to-watch-out-aptos-apt">Altcoins To Watch Out: Aptos (APT)</h2>
<p>With a massive crash in 2024, the APT price action reveals a double top in the weekly chart. Taking rejection from the massive supply at $20, the altcoin drops near the crucial support level of $5.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdbgKURv30elSAke6b8oaUTLdPTo0G1xU1wEcUTjm6mWScqNDsSzmyLrEpLdCmYVo5BJbdKHPEuWgxQfyFVJMUSdWPlOL-KtgqP_Fg0rsqv1KboOHtrWntZeGGR_z_9q2np86lkf4t9gtQa48MWJC_6Rhd1?key=i2INu-RM7TLc6mHtS5sW8w" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/PbP7CYD6/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>However, the quick reversal of 11.45% this week results in an abrupt end of the downfall and teases a potential trend reversal. If the APT price sustains above $4.72, the chances of a double-bottom reversal could result in a trend reversal.&nbsp;</p>
<p>The buyers could reclaim the $10 mark because the altcoin regains bullish momentum.&nbsp;</p>
<h2 class="wp-block-heading" id="h-immutablex-imx">ImmutableX (IMX)</h2>
<p>Similar to most altcoins, the IMX price trend reveals an ongoing correction and accounts for a 65% drop from the yearly high. The weekly chart reveals a head and shoulder breakdown rally leading to new lows this quarter.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdT-xIYLhJa0LoYINBRbJIne3FAAFnxEC_3xZefh-Wz_xqnKhxhIqdb62iQzPWljzwi41LqFP43mCSB4MGwFJVSrVcH602fxIDyVo7JrXlUqzEGwe7ImnPN4Fbj36LYj2j4ynK3bc5EMb6aEpnCvf4rziVn?key=i2INu-RM7TLc6mHtS5sW8w" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/b2VWlssY/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Breaking below the $1.50 psychological mark, the downfall takes support at the 78.60% Fibonacci level at $1.162. Currently, the altcoin trades at $1.25 and teases a bounce back with the morning star pattern.&nbsp;</p>
<p>With a potential retest of the bearish pattern breakdown, the altcoin price could surge to the 50% retracement level at $2.&nbsp;</p>
<h2 class="wp-block-heading" id="h-optimism-op">Optimism (OP)</h2>
<p>The downfall in the daily chart leads to a falling wedge pattern in the OP price action. Rising by 28% in the last 4 days, the bull cycle within the bearish pattern teases a potential trend reversal.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeHqkBkqR4spDeELw9rlO_Lw14iPQ7r2U6vhJoHUfVmV2tSdIc2ZcTm7ZFXqZ2fp107TL34fx3ELkG446aTV6APcxn_ibmNayhmLafa7fxTMqk_7-mVzxQkACrOVBPq3nSN8Ru8Gp7zqE9OwhLUaOG-DVpq?key=i2INu-RM7TLc6mHtS5sW8w" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/lFSj4i8S/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>With a bullish crossover in the MACD indicator, the buyers are ready to challenge the 23.60% retracement level and the overhead trendline. As the broader market recovery picks up pace, the bullish trend could result in a breakout rally. As per the Fibonacci levels, the breakout run could reach 50% Fibonacci level at $3.</p>

High Potential Altcoins To Ride The Trend Reversal Rally

Table of Contents

CoinPedia News

Other articles published on Jul 11, 2024

A DNS Attack On Squarespace Puts Crypto Domains At Risk, Says CoinGecko COO

STX and ORDI Struggle For Momentum As Bitcoin Tokens Drop; Experts Predict Rollblock To Lead July...

Argentinians Increasingly Hoarding USDT – Report

Mt. Gox Repayment Sparks Market Volatility: Analysing the Crypto Turbulence

Explore The Impressive 88% APY Offered By MoonBag Staking Rewards Leaving Celestia And Kaspa In S...

Best Airdrops for Passive Crypto Income

Join our free newsletter for daily crypto updates!