Following the most-anticipated event in crypto history, the fourth Bitcoin Halving successfully occurred this Friday. However, the bulls are quite silent, considering the past performances around Halving. Nevertheless, the altcoins are stepping into the game and preparing for the next bullish surge.
The shift in the underlying sentiments is partially visible in the price action in these altcoins, teasing a moonshot. So, let’s examine our choice of top altcoins to buy next week post-Bitcoin Halving for maximum gains.
Bitcoin Cash (BCH)
As a close relative of Bitcoin, a cheaper alternative, Bitcoin Cash is ready to prolong the prevailing uptrend. With more substantial returns in 2024 and 2023, the BCH price manages quicker and longer jumps thanks to a lower market cap.
Following the massive surge in early 2024, the BCH price takes a pullback with an evening star in the weekly chart. With a 30% drop, the altcoin now trades below the $500 mark.
However, the downfall is potentially a retest of the $411 zone breakout or the 23.60% Fibonacci level. If the market gains momentum next week, with the high anticipation of a post-halving altcoin season, the BCH could regain $500.
With a prolonged uptrend, the altcoin could hit the 50% Fibonacci level at $763 and eye the psychological mark of $1000 next month.
Ethereum Classic (ETC)
After the close relative of Bitcoin, the biggest altcoin, Ethereum, could showcase impressive moves next week. However, a cheaper and lower market cap alternative of Ethereum, the Ethereum Classic, might be a better choice for higher returns.
With a market cap of almost $4 Billion, the altcoin is trading at just $26.25. Further, the ETC token is available at a discount of 33% from its 52W high and 85% from its all-time high at $175.
In the weekly chart, the recent pullback comes as a retest of the range breakout. Further, it tests the 200W and 50W EMA, giving a golden crossover. Currently, the weekly candle showcases lower price rejection and prepares a bounce back.
Potentially, the altcoin could breach the 23.60% Fibonacci level at $39 for a new 52W high next week and reach $40. A more optimistic approach targets $50 as the next stop.
Dogwifhat (WIF)
Following the close-linked hard forks, the meme coins have the potential to be the torch-bearers in the next bullish surge. Amidst such altcoins, the Dogwifhat is the new altcoin capitalizing the trend at maximum.
The altcoin breaks the falling wedge by refusing a drop under the psychological mark of $2. If overall market conditions improve, the WIF price could surge massively next week.
As per the trend-based Fibonacci levels, the breakout rally could surge to the $5 mark next week.
With an under-expected move, Bitcoin and altcoins are struggling to gain bullish momentum. However, some altcoins are preparing for a turnaround if the market sentiments improve next week. Hence, the abovementioned coins provide a high potential setup for maximum gains.
