Sohrab Khawas
The crypto market returned after a bearish day caused by the negative impact of Ethereum ETFs’ net negative inflows. With BTC back to $67K, the altcoins quickly bounced back and signaled a potential bull run in the coming days. Amidst multiple altcoins, today’s top-performing altcoins bring forth a highly likely uptrend with a breakout or reversal rally. So, let’s look closer at these must-watch top performing altcoins to find out their bullish potential.
Top Performing Altcoins To Watch Out: Helium (HNT)
With the unleashed momentum of a trendline breakout, the HNT price completes a successful post-retest jump. The overnight jump of 7.37%, making it a top performing altcoin, comes with a lower price rejection tail.
Currently, the HNT price trades at $5.238 with a bullish attempt to break past the $5.25 supply zone. Further, the bull run increases the chances of a golden crossover between the 50D and 200D EMA.
If the bullish momentum continues above the $5.25 zone, Helium could hit the $2 psychological mark and $2.75 as the next potential target.
Mantle (MNT)
Putting an end to the correction phase, the MNT price action reveals a falling channel breakout in the daily chart. The bull cycle starting with the channel at $0.62 now retests the 23.60% Fib breakout at $0.81.
With a successful post-retest jump, the MNT price action forms a morning star pattern at the baseline. Further, the 7% rise, including the lower price rejection, helps Mantle rank among the top-performing altcoins.
If the uptrend continues, the breakout rally shows an upside potential of almost 50% to hit a 78.60% Fib level at $1.26. Hence, the bull run in the altcoin presents an offer of surpassing the $1 psychological mark.
Pyth Network (PYTH)
The most questionable but with the biggest upside potential in this list of bullish altcoins, the PYTH network is a high-return, high-risk token. With a bullish reversal uprising from $0.27, PYTH token has increased by 41% in value.
Further, a triple white soldier pattern has pumped the altcoin by 15% within 72 hours, making it one of the top-performing altcoins. In the weekly chart, the double bottom reversal chances are high for PYTH, with the uptrend approaching the 23.60% Fib level.
A bullish trend continuation is likely to the 23.60% Fib level at $0.47 to complete a rounding bottom reversal. Hence, a 25% upside is likely in the coming couple of weeks. Optimistically, a bullish trend reversal could hit the 50% level at $0.70.
