The best Altcoins to stack for next week
The recovery rally in Bitcoin is retesting the $63K mark, with expectations for a return to $70K next week increasing. Amid growing bull market opportunities, the low-cap altcoin is poised for a big moonshot next week.
While many are gaining momentum, some are poised for a big flash trend reversal rally. So, let's take a quick look at the following altcoins for buying positions.
Top Altcoins to Buy:
Loom Network (LOOM)
With a market cap of $77M, Loom Network is up 21.80% in the last 24 hours. Loom token price is currently trading at $0.06269, recording an impressive growth of 36.59% in the last seven days.
Marketing perspective
On the weekly chart, Loom Network shows a significant change from the critical support of $0.035, teasing a double bottom reversal. The reversal rally resists a potential death cross within the 50-200-week EMA.
Last week, the altcoin increased by 10%, followed by a 23% increase this week, creating two consecutive weekly bullish candles. Moving towards the bearish trend lines, the $0.10 psychological mark is a target that could be reached next week if buyers can break above the volatile resistance.
ARDR
On the weekly chart, Ardor's price action shows a move higher from $0.05839. This week the coin price increased by 24.45% from the opening price of $0.06488 to the current market price of $0.08078.
Marketing perspective
With a market value of $81 million, the altcoin is up 10.75%, has a 10.75% gain and is teasing a golden cross between the 50-day and 200-day EMA. Like the previous swing high, a possible recovery rally is $0.13807 and $0.2242.
Check out Coinpedia's Dogecoin price prediction to learn about the biggest Mim coin, DOGE, targets in 2024.
kudos
In the last seven days, the price of the CUDOS token has increased by 78.52%, as a result of which a series of bullish candles have been observed. A recovery run is above the 50-day EMA and 200-day EMA, with the $0.10 psychological mark.
Marketing perspective
Currently, the altcoin is trading at $0.01191, a gain of 11.93% on the day. The uptrend in the 50-day and 200-day EMA teases the golden cross. On the weekly chart, the recovery rally forms a bullish candlestick and tests the 50-week EMA.
In the year The altcoin is poised to challenge the $0.030 peak in 2024 as bullish forces for CUDOS rise after a strong rebound. Meanwhile, potential resistance may be witnessed near the $0.018 swing high.
