With the recovery rally in Bitcoin taking a retest of the $63K mark, the anticipations for a bounce back to $70K next week are increasing. Amid the growing bull market chances, the low-cap altcoin is ready for a massive moonshot in the next week.
While many are gaining momentum, some are ready for a trend reversal rally with a bullish breakout. So, let’s take a quick look at the following altcoins for a potential buying spot.
Top Altcoins To Buy:
Loom Network (LOOM)
With a market cap of $77M, Loom Network has increased by 21.80% in the past 24 hours. Recording a staggering growth of 36.59% over the last seven days, the Loom token price is currently trading at $0.06269.
In the weekly chart, the Loom Network shows a bullish reversal from the crucial support of $0.035, teasing a double-bottom reversal. The reversal rally will challenge a potential death cross in the 50-200-week EMA.
Last week, the altcoin increased by 10%, followed by a 23% rise this week, creating two consecutive weekly bullish candles. As it heads towards the declining trend lines, the $0.10 psychological mark is a potential target for next week if the buyers can surpass the overhead dynamic resistances.
Ardor (ARDR)
In the weekly chart, the Ardor price action reveals a bullish reversal from $0.05839. This week, the coin price has increased by 24.45% from the opening price of $0.06488 to the current market price of $0.08078.
With a market cap of $81 million, the altcoin has increased by 10.75%, reveals an intraday gain of 10.75%, and teases a golden crossover between the 50-day and 200-day EMA. As on the previous swing high, the potential target for the recovery rally is $0.13807 and $0.2242.
Check out Coinpedia’s Dogecoin price prediction to learn about the biggest meme coin, DOGE, targets in 2024.
Cudos (Cudos)
Over the past seven days, the CUDOS token price has increased by 78.52%, resulting in a streak of consecutive bullish candles. The recovery run surpasses the 50-day EMA and 200-day EMA, along with the $0.10 psychological mark.
Currently, the altcoin is trading at $0.01191, with an intraday gain of 11.93%. The uptick in the 50-day and 200-day EMA teases a potential golden crossover. In the weekly chart, the recovery rally creates a bullish engulfing candle and tests the 50-week EMA.
As the bullish powers for CUDOS are rising after an intense pullback in 2024, the altcoin is ready to challenge the $0.030 peak. Meanwhile, a potential resistance could be witnessed near the $0.018 swing high.
