Altcoin
Top 4 Cryptos With Potential for All-Time Highs in July 2024
June closes in three days. So far, the broader crypto market has experienced a tumultuous period. Despite the market condition, a few coins reached new highs.
However, many have had to deal with considerable drawdowns. With July approaching, here are the top four cryptocurrencies that can hit new all-time highs before next month ends.
Binance Coin (BNB) Set Eyes on Massive Rebound
BNB, the exchange coin of Binance, is the first top 5 altcoin to surpass its previous all-time high. Since it reached $720.67 on June 6, the crypto has lost 21.11% of its value. Previously, BeInCrypto reported how BNB traded below crucial moving averages while struggling to recover.
However, things may change as time goes on. According to the BNB/USD daily chart, the Relative Strength Index (RSI), which measures momentum, trends downwards. However, the indicator seems to be heading in the oversold region direction.
Notably, a reading at 30 or below indicates that an asset is oversold. When it is 70 or above, it is overbought. As of this writing, the RSI positions at 38.96, indicating a further downtrend that may drive BNB’s price to $532.40.
Furthermore, the Accumulation/Distribution (A/D) indicator shows that distribution is not intense. As such, if BNB gets oversold, the price can rebound. In the event that buying pressure increases, the coin’s price may increase by 29.90%, which can produce news all-time highs toward $740.70 in July.
Kaspa (KAS) Seems Ready to Go Higher
KAS is the native cryptocurrency of Kaspa Network, a Proof-of-Work (PoW)-based project that is different from traditional blockchains. Currently, KAS is only 9.61% down from its all-time high of $0.19.
Trading at $0.17, the token has gained 6.75% in the last 24 hours, while its trading volume has increased by a staggering 172.65%. The increase in trading volume clearly shows market interest in KAS.
On the 4-hour chart, bulls can be seen defending the $0.14 and $0.15 support. They also broke through the $0.16 resistance, a major supply zone with bearish interest on June 13.
A look at the Awesome Oscillator (AO), the technical oscillator that also tracks momentum, shows that KAS momentum is bullish. However, the token’s momentum seems to be waning.
Read More: What Is Altcoin Season? A Comprehensive Guide
The red candlesticks on the chart reveal this. As such, the KAS price can retest $0.16. But a rebound is possible. If this happens, the cryptocurrency’s value will likely hit $0.20 in July.
Pendle (PENDLE) Plans to Capitalize on Exhaustion
PENDLE, the decentralized liquidity protocol token, reached an all-time high of $7.52 on April 11. The token trades at $5.25, representing a 30.25% decrease from its peak. According to the daily chart, sellers are exhausted, meaning PENDLE may be set to erase some losses.
This is evident in the indications from the Parabolic SAR. This indicator spots prices that can be entry (buy) or exit (sell) signals. When the dotted lines are below the price, a bullish reversal is close. On the other hand, if the lines are above it, it means it is time to sell, and the price can decrease.
As of this writing, the Parabolic SAR is at $5.17, suggesting that PENDLE may soon bounce off the lows. In addition, market participants may take advantage of the discount. If this happens, PENDLE’s price may hit 7.80 before the end of next month.
In the meantime, traders must watch out for developments related to the project. For example, Pendle plans to unlock another round of tokens in a few days. This may cause high volatility around the token’s price. But if the dust settles later in the month, the price can begin to rise to new all-time highs.
Brett (BRETT) Bulls Provide Cover Against Bears
Last on the list is BRETT, the top crypto and meme coin developed on Coinbase layer-2 network Base. According to the 4-hour chart, BRETT formed a parabolic pattern between May 9 and June 9. During this time, the price went from $0.033 to $0.19.
However, the parabolic curve pattern formation indicates that the cryptocurrency hit saturation at its crest. Hence, it is expected that the price will reverse as BRETT currently trades at $0.15. Despite the decline, the RSI is able to refrain from falling below the 50.00 midpoint.
This proves that bulls are committed to defending the support at $0.13. Should this continue into next month, BRETT’s price can avoid going lower. If so, the price can test new all-time highs between $0.20 and $0.21.
Read More: What Are Meme Coins?
In conclusion, it is worth noting that these projected all-time highs are subject to market changes. If July becomes a far better month than June, these cryptos will most likely reach the aforementioned targets. However, if the market faces an uphill battle with bears, some of the forecasts may be invalidated.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target.
When XRP Price Will Reach Double Digits
In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach double digits by 2026. The analyst’s accompanying chart showed that the first double digits target for XRP will be $15, after which the crypto could eventually rally to $28. Behdark also provided more insights into XRP’s current price action and why this rally could happen.
First, the analyst mentioned that the XRP price looks to be currently within a running triangle. In line with this, Behdark remarked that wave D might complete its movement by hunting the all-time high (ATH) at $3.84. He mentioned that there could be a price correction for wave E afterward.
Once that XRP price correction happens, Behdrak predicts the next move will be the post-pattern movement targeting a level above $15. This is where the price target of $28 comes into the picture, as the analyst’s accompanying chart shows it is a feasible target for the crypto, although it might not happen in this market cycle.
An XRP price rally to $28 would mean that the crypto would have a market cap of $2.8 trillion. However, Behdrak suggested that this was still feasible. He noted that his focus was on chart analysis and not fundamentals, even though fundamentals are reflected in the chart itself.
Meanwhile, the analyst told market participants that if a clear and identifiable pattern emerges when the XRP price reaches wave E of the triangle, they could position themselves for the main move to double digits.
A Confirmation Of This Double Digit Target
Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs.
Interestingly, unlike Behdark’s chart, which showed that the rally to double digits would happen in 2026, Dark Defender’s chart showed that the rally to $18 could happen as early as mid-2025. Meanwhile, the analyst said that the XRP price is currently in the third wave, with the crypto expected to rally to $5 when this next impulsive move occurs.
Afterward, the XRP price is expected to witness a corrective move that will cause it to drop to as low as $4. The next impulsive move after this could send XRP to the $18 target.
At the time of writing, the XRP price is trading at around $1.55, up over 10% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
A crypto trader made a $2.5M profit today by turning 13 SOL into 9,718 SOL through trading 76.46M FATHA tokens. The trader bought the tokens on Pump.fun, capitalizing on a rapid increase in FATHA’s market cap, which surged to over $60M. The trader sold the tokens at the peak, realizing a 750x return.
Trader Makes $2.5M Profit Trading FATHA Token
The crypto trader turned 13 SOL (around $3.3K) into 9,718.5 SOL, making a $2.5M profit by trading 76.46M Slopfather (FATHA) tokens. On November 23, the trader purchased the tokens on Pump.fun, and within 40 minutes, FATHA’s market cap surged to over $60M. After holding the tokens, the trader sold them at the highest point, securing a 750x return.
The trader capitalized on the rapid market shift and seized the opportunity to make a significant profit. As per solscan, 9,500 SOL was swapped for USDC and bridged to Ethereum, demonstrating how quickly substantial profits can be made in the volatile meme coin market. The trade reflects the growing influence of meme coins on the Solana blockchain.
On-chain data indicates that the wallet involved in this trade may belong to BT (@cooksassistant), who has traded 60 tokens over the past three days. With a win rate of 42.37%, BT has generated $2.7M in total profit.
What a lucky trader!!!
6 hours ago, this trader sniped 76.46M $FATHA for just 2.93 $SOL ($765).
Currently, these $FATHA are worth $2.7M. The sniper has made x3483.https://t.co/MVgcAnWR1R pic.twitter.com/seXfdgAq6r
— Onchain Lens (@OnchainLens) November 23, 2024
FATHA Token Surge and Solana’s Meme Coin Boom
Slopfather (FATHA) token has surged to $0.03841, with a market cap of $38 million, allowing the crypto trader to book a massive profit. Its 24-hour trading volume is $156 million, reflecting a 4000% increase in the last 24 hours. This dramatic rise shows the growing demand for meme coins in the crypto market.
Solana’s blockchain is becoming a top platform for meme coin launches. Projects like PNUT, WIF, GOAT, and BONK are leading the way. Additionally, Arthur Hayes’ endorsement of the Solana-based FLOWER coin boosted interest, driving the growth of meme coins on Solana.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Price Forms Extremely Rare And Bullish High Tight Flag Pattern, What To Expect Next
The Dogecoin price, which has been on a consolidation trend since November 12, has given rise to a rare and bullish chart pattern known as the high tight flag. This pattern, which is like the bull flag, is setting up the Dogecoin price for a significant upward movement.
Analyst Highlights Bullish High Tight Flag Pattern For Dogecoin
Trader Tardigrade, known for his insightful technical analyses, pointed out that the Dogecoin price is currently forming a high tight flag pattern on the daily candlectick timeframe, which is a rarity in technical charting that often precedes explosive price movements. According to his post on social media platform X, the significance of this pattern lies in its implications of a “highly possible significant upward price movement.”
In his words: “#Dogecoin is forming High Tight Flag Pattern 🔥 ‘High Tight Flag Pattern’ stands out as a rare, BUT Extremely Bullish signal that indicates a highly possible significant upward price movement.”
First off, the emergence of this high tight flag pattern means the $1 level is inevitable for the Dogecoin price. The analyst further speculates that the combination of strong price momentum, growing market enthusiasm, and FOMO (fear of missing out) among retail investors is ultimately going to push the Dogecoin price to targets of $5 to $10.
Understanding The High Tight Flag Pattern
The high tight flag is a special bullish case of the bull flag pattern. Both patterns are characterized by a flagpole and a flag/handle. Unlike the bull flag, the formation of a high tight flag follows stringent criteria, which makes it somewhat rate. This criteria is characterized by a sharp price increase of at least 100% over a short period with a maximum of eight weeks. This rapid ascent forms the ‘flagpole’ of the price pattern. In the case of the Dogecoin price, the flagpole was formed over nine days from November 3 to November 12, where it registered a gain of about 180%.
Following this surge, the price enters a consolidation phase, moving sideways or slightly downward, creating the ‘flag/handle’. This consolidation usually retraces no more than 10% of the initial rise and lasts at least five days to a maximum of three weeks.
In the case of Dogecoin, the flag has been in play for the past ten days, with a handle depth of 10%. The pattern is considered complete when the price breaks out above the consolidation range, often leading to further gains.
At the time of writing, Dogecoin is trading at $0.3926, with a 1.88% gain in the past 24 hours. A run towards the first price target at $1 would translate to a 155% gain. Other price targets at $5 and $10 represent returns of 1,170% and 2,440%, respectively, from the current price.
Featured image created with Dall.E, chart from Tradingview.com
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