The post Top Altcoins To Stack As The Market Recovers from Recent Correction appeared first on Coinpedia Fintech News
Amidst the market taking a bullish turn after a bearish weekend, the altcoins are cautiously moving forward. With many blasting off to new heights, some are gradually heading to the next target levels.
For traders on the lookout of high momentum altcoins, here’s a list of top-performing altcoins to buy which are prepping to surge higher this week.
Top Altcoins To Buy: Thorchain (RUNE)
Despite a falling wedge pattern in the daily chart, the RUNE price trend shows a bull cycle ready to start. The reversal rally from the support trendline surpasses the overhead 20D EMA at the $3.68 mark.
With the bullish divergence in the daily RSI supporting the uptrend chances, RUNE prepares for a breakout rally. Currently, the altcoin trades at $3.68 and has increased by 20% in two days.
With a bullish breakout of the falling wedge, the altcoin is likely to hit the $5 mark before topping $10.
Fantom (FTX)
Similar to a bearish wedge, the Fantom price trend reveals a falling channel pattern under the influence of the 20D EMA. However, the recent bearish crossover of the 100D and 200D EMA warns of a bullish failure.
In the recent bull cycle, starting from the support trendline, the FTM price has increased by 15.14% this week. As the trading volumes are on the rise, the breakout chances are significant for the altcoin.
A breakout run in the altcoin could scale to the 200D EMA at $0.552 before reaching the $1 mark.
Stacks (STX)
With a healthier bullish cycle at play, the STX price reveals a stronger demand. The Stacks token price surpasses the $1.54 mark and challenges the 20D EMA.
Within a falling channel at play, the STX price has increased by 25.69% in the last 9 days. As the broader market bounces back, the altcoin shows increased breakout chances with the rising demands.
A breakout run in the STX price will pump to the $1.8720 horizontal level before pumping the altcoin price to $2.5144.