Token

Bitcoin

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The post <a href="https://coinpedia.org/price-analysis/top-underspoken-altcoins-to-beat-the-market-in-july/">Top Altcoins Picks For Breakout Rally Gains Next Week</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the increasing chances of Bitcoin hitting the $60,000 mark this week, the bull run chances for this month are growing stronger. Further, the recovering rally in the altcoins gaining momentum signals a potential bull run.&nbsp; 
With high anticipations of a bull run in the market, here are the top underspoken altcoins ready for a massive jump. So, let’s look closer at the technical analysis of such altcoins to find the best entry opportunity this week.&nbsp; 
<h2 class="wp-block-heading" id="h-top-altcoins-picks-safe-safe">Top Altcoins Picks: SAFE (SAFE)</h2> 
With a consolidation range, the SAFE token price trend takes a lateral shift from a declining trend within a falling channel. With a market cap of $626M and trading at $1.47, the altcoin is teasing a trend reversal.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfMD3h2ZjoKFJd8FA432aDl5RriWx0j0TMuhpo3lmuEdQDhI8sWm_9qqDsBs444h9goCxS304Hv-eqGbDyAMGzQHsioJwWkk5TuHdowY6TojonBNnntL7jBJyCvKtkOsuu8jRO_mcMMq6T3UKVVlKhUZdny?key=5KKjIMKud5JG-C0kwJ0eWg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/ppMPMba0/">Tradingview</a> 
With lower price rejection candles at the baseline of $1.30, the bullish reversal in the altcoin accounts for a 9% jump. Testing the overhead resistance, the uptrend in chances is increasing.&nbsp; 
With the range breakout, the SAFE price could reach the overhead resistance trendline close to $1.80. Optimistically, the channel breakout can pump the altcoin to $2.50.&nbsp; 
<h2 class="wp-block-heading" id="h-gate-token-gt">Gate Token (GT)</h2> 
With a $645 Million market cap, the GT token stands amongst the top 100 cryptocurrency. Trading at $6.93 with an intraday move of 0.36, the altcoin is down by 4.15% in the last 7 days. However, lower price rejection in the weekly candle and 3.91% jump tease an uptrend.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc2xVikKSVv8PKkBUD5fQkMkH9h6LWXm9Ng9BvDuxvk_KV_0of-nzWocJ9OeJcPmRPl-4Hs2hWFGo61gg9vET9Y5bMhr8RxxSA3qFLB60iyI5y9OYVByfSG5lek9lJeVDaKTLFjlw0h5VEEBbFhXJXnudAi?key=5KKjIMKud5JG-C0kwJ0eWg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/IqEbCaqg/">Tradingview</a> 
As per the trend-based Fibonacci level, mapped over the 2021 bull run, the GT price attempts to take support at the 50% level. Further, the weekly trend of the altcoin reveals a potential double bottom at the $6.50 mark.&nbsp; 
With a neckline at $8.50, the bull run in the GT price reversal could reach the neckline. Further, a breakout rally in the altcoin could result in a price jump to the $15.62 mark or the 1.618 Fib level.&nbsp; 
<h2 class="wp-block-heading" id="h-skale-skl">Skale (SKL)</h2> 
With a market cap of $238M, the SKL price trend experiences a correction phase in motion. This leads to a falling channel in the daily chart, where the altcoin is down by 65% and under the $0.050 psychological mark.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfmudf696C7k1YvL2vy5K7MMHkDNqWwUVx5-Azb3kxli2SMHfsaJeXS6NZgxcnRjz95ALIx1Vxlcr2Bem7ifp-S8vl9Wpn8z8A6gtNu3bUqWrW9c8yUd4Xl7aRDUF6y274Mk0enGonKLnPfAmWkW9CWDNsj?key=5KKjIMKud5JG-C0kwJ0eWg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/Yky8xNTE/">Tradingview</a> 
As per the Fibonacci level, the SKL price tests the 78.60% Fibonacci level at the $0.042 mark. With a minor bullish recovery in recent days, the altcoin is up 12% in five days.&nbsp; 
Considering the bull run continues, the SKL token could pump to the 50% Fib level at $0.084.

Top Altcoins Picks For Breakout Rally Gains Next Week

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