The altcoins are skyrocketing with a 6% surge in Bitcoin prices, leading to $132 million in short-side liquidations. As the buying pressure grows, the top cryptos could project massive breakout jumps in the coming week.
With the underlying potential reflecting a 2x surge in the coming week, here are the top ones to buy next week.
Top Cryptos To Stack:
XRP (XRP)
With a trend reversal in XRP price struggling to surpass the $0.65 resistance, the underlying sentiment shift fuels the bull run. Further, the altcoin price has exceeded the 50% level, as well as the crucial 50D and 200D EMAs.
Further, the golden crossover in the EMAs and the positive alignment of the MACD and signal lines bolster the chances of crypto prices skyrocketing.
On a side note, the XRP price shows an inverted head-and-shoulder pattern with a neckline at $0.65. A bullish breakout will increase the chances of the $0.72 breakout for a new 52-week high, potentially reaching the $1 mark or 1.618 level.
Polygon (MATIC)
With the native token migration from MATIC to POL token, Polygon shows bullish recovery amid network upgrade. Further, with Coinbase’s support for changing the ticker code MATIC to POL this August 26th, the bulls are shifting gears.
In the daily chart, the bullish trend in MATIC price results in a breakout rally of the falling wedge pattern. The uptrend accounts for a jump of 64% within ten days and results in a positive crossover of the VI lines.
Based on the Fibonacci levels, the uptrend in the crypto price can reach the 78.60% level at $1.
Helium (HNT)
With a bullish breakout of a long coming trendline, the reversal run in Helium is gaining momentum. Amid the bull run, the 50D and 200D EMA give a bullish crossover, bolstering the trend reversal rally.
However, the minor correction to the 50% Fibonacci level at $6.458 brings a dip-to-buy opportunity. With a post-retest jump, the uptrend in HNT price can jump to the $10 mark. Hence, the crypto price action shows massive upside potential.
