With the price of Bitcoin reclaiming the $65,000 level, the altcoin market has recorded increased price action. Further, top altcoins have experienced a massive uptrend within a short period. Considering the historic market sentiment, this hints at a potential beginning of a prolonged bull market.
With this, investors are curious about the possibility of top altcoins achieving a new all-time high (ATH). planning on investing before it’s too late? Dive in as, in this article, we have covered the top 3 altcoins that have the potential of achieving a new ATH in this crypto bull run.
Ethereum (ETH)
After recording a weak price action for a brief period, the Ethereum price has recorded a significant uptrend in its respective portfolio over the past few days. With a jump of ~6.5%, it has reclaimed the $2.6k level. Notably, with an AltSeason around the corner, this altcoin is projected to record a new high.
The Relative Strength Index (RSI) shows a rise toward its overbought range in the 1D time frame. This indicates an increase in the buying pressure for the altcoin within the crypto market. Further, the SMA records a bullish curve, suggesting a positive outlook for the ETH price.
If the market continues gaining momentum, the Ethereum price will break out of its resistance level of $2.8k and head toward its next crucial resistance trendline of $3.7k in the time time. Moreover, an intensified bullish action could push the price toward its yearly high during Q4.
Solana (SOL)
The Solana price has jumped ~5% in the past day and ~9% over the past week. Moreover, it has recorded a YTD return of 53.44%. With this, the altcoin is trading at a discount of only 39.97% from its all-time high of $260.06 which it had recorded on 07th November 2021.
The Simple Moving Average (SMA) supports the Solana price chart in the 1D time frame. This suggests an increase in the buying-over-selling pressure in the crypto market. Moreover, its RSI indicator is heading toward its overbought range. This suggests that the price may continue gaining value.
A bullish breakout could result in this altcoin heading toward its upper high of $181. Moreover, if the bulls maintain the price at that level, it could set the stage for the SOL coin price to retest its high of $200 in the coming time.
Keen on stacking some SOL? Then you need to read our Solana Price Prediction!
Binance (BNB)
With a jump of ~3% in the past 24 hours, the BNB coin price has reclaimed the $600 mark. Furthermore, with a jump of 9.82% during the past month, this altcoin is trading at a discount of 16.38%. This indicates a high possibility of it achieving a new all-time high during the upcoming bull run.
The technical indicators SMA & RSI have both recorded a significant increase in the bullish price action. Moreover, this highlights a positive outlook for the Binance coin price in the cryptocurrency market during the upcoming week.
If the bulls break out of the resistance zone below the $635 level, the bulls will gain momentum to test this level. Furthermore, if the market continues to favor the bulls, this could result in it heading toward its ATH of $720.6 during Q4.
