Top 3 Underspoken Altcoins Ready for a Massive Jump This Week

With the increasing chances of Bitcoin hitting the $60,000 mark this week, the bull run chances for this month are growing stronger.

As Bitcoin’s chances of hitting the $60,000 mark increase this week, so do the chances of a bull run later this month. Additionally, the recovering rally in the altcoins is gaining momentum, signaling a potential bull run.

With high anticipations of a bull run in the market, here are the top underspoken altcoins ready for a massive jump. So, let’s look closer at the technical analysis of such altcoins to find the best entry opportunity this week.

Top Altcoins Picks:

SAFE (SAFE)

In a consolidation range, the SAFE token price trend makes a lateral shift from a declining trend within a falling channel. With a market cap of $626M and trading at $1.47, the altcoin is teasing a trend reversal.

Tradingview

With lower price rejection candles at the baseline of $1.30, the bullish reversal in the altcoin accounts for a 9% jump. Testing the overhead resistance, the uptrend in chances is increasing.

With the range breakout, the SAFE price could reach the overhead resistance trendline close to $1.80. Optimistically, the channel breakout can pump the altcoin to $2.50.

Gate Token (GT)

With a $645 Million market cap, the GT token stands amongst the top 100 cryptocurrency. Trading at $6.93 with an intraday move of 0.36, the altcoin is down by 4.15% in the last 7 days. However, lower price rejection in the weekly candle and 3.91% jump tease an uptrend.

Tradingview

As per the trend-based Fibonacci level, mapped over the 2021 bull run, the GT price attempts to take support at the 50% level. Further, the weekly trend of the altcoin reveals a potential double bottom at the $6.50 mark.

With a neckline at $8.50, the bull run in the GT price reversal could reach the neckline. Further, a breakout rally in the altcoin could result in a price jump to the $15.62 mark or the 1.618 Fib level.

Skale (SKL)

With a market cap of $238M, the SKL price trend experiences a correction phase in motion. This leads to a falling channel in the daily chart, where the altcoin is down by 65% and under the $0.050 psychological mark.

Tradingview

As per the Fibonacci level, the SKL price tests the 78.60% Fibonacci level at the $0.042 mark. With a minor bullish recovery in recent days, the altcoin is up 12% in five days.

Considering the bull run continues, the SKL token could pump to the 50% Fib level at $0.084.

The above is the detailed content of Top 3 Underspoken Altcoins Ready for a Massive Jump This Week. For more information, please follow other related articles on the PHP Chinese website!