Top 4 cryptocurrencies of all time in July 2024

June closes in three days. The broader crypto market has experienced turmoil so far. Despite the state of the market, a few coins have reached new highs.

However, many of them had to deal with many weaknesses. As July approaches, here are the top four cryptocurrencies that could hit new all-time highs before the end of next month.

Binance Coin (BNB) set eyes on mass restoration

BNB, the Binance exchange coin, is the first of the top 5 altcoins of all time. Since reaching $720.67 on June 6, the crypto price has lost 21.11%. Previously, BeInCrypto reported how BNB was trading below its critical moving average, struggling to recover.

However, things may change as time goes by. According to the daily chart of BNB/USD, the Relative Strength Index (RSI), which measures momentum, is trending down. However, the indicator seems to be moving towards the oversold territory.

In particular, a reading of 30 or below indicates that the asset is oversold. When it is 70 and above, it is overbought. As of this writing, the RSI sits at 38.96, indicating further downside that could bring BNB's price to $532.40.

Furthermore, the Accumulation/Distribution (A/D) indicator shows that the distribution is not strong. Therefore, if BNB is oversold, its price may rise again. As buying pressure increases, the coin's price could increase by 29.90%, which could lead to a July high of $740.70.

Kaspa (KAS) seems ready to rise

KAS is a native cryptocurrency of the Kaspa Network, a proof-of-work (PoW) based project that differs from traditional blockchains. Currently, KAS is down 9.61% from its all-time high of $0.19.

Trading at $0.17, the token has increased by 6.75% in the last 24 hours, while its trading volume has increased by an impressive 172.65%. The increase in trading volume clearly shows the market demand for KAS.

On the 4-hour chart, bulls are seen protecting the $0.14 and $0.15 support. They also crossed the $0.16 resistance, a major bearish supply zone on June 13.

A look at the Awesome Oscillator (AO), a technical oscillator that tracks momentum, shows that KAS's momentum is bearish. However, the token seems to be slowing down.

Read more: What is Altcoin Season? General guidance

The red candles on the chart show this. As such, the KAS price may retest $0.16. But it can be returned. If this happens, the price of the cryptocurrency could reach $0.20 in July.

Pendle (PENDLE) plans to capitalize on depletion

PENDLE, a decentralized liquidity protocol token, reached an all-time high of $7.52 on April 11. The token is trading at $5.25, representing a 30.25% drop from its peak. According to the daily chart, sellers have weakened, which means PENDLE could be set to pare some losses.

This is evident from the parabolic SAR indicators. This indicator shows prices that can be entry (buy) or exit (sell) signals. When the dotted lines are below the price, a bullish reversal is imminent. On the other hand, if the lines are above it, it means that it is time to sell, and the price may decrease.

As of this writing, the parabolic SAR is at $5.17, suggesting that PENDLE may soon break the lows. In addition, market participants can use the discount. If this happens, the price of PENDLE could reach 7.80 before the end of next month.

In the meantime, traders should monitor the changes related to the project. For example, Pendle plans to launch another round of tokenization in a few days. This can result in high volatility around the token price. But if the dust settles later in the month, the price may begin to rise to new highs.

Brett (BRETT) Bulls provide cover for bears

Last on the list is BRETT, the top crypto and meme coin built on the Coinbase Layer-2 network base. According to the 4-hour chart, BRETT formed a parabolic pattern between May 9 and June 9. This time the price went from $0.033 to $0.19.

However, the formation of a parabolic curve pattern indicates that the cryptocurrency is hitting saturation on the edge. Therefore, BRETT is currently trading at $0.15 and the price is expected to reverse. Despite the decline, the RSI could avoid falling below the 50.00 midpoint.

This confirms that the bulls are committed to defending the support at $0.13. If this continues into next month, it may prevent the price of BRETT from falling. If so, the price could test new all-time highs between $0.20 and $0.21.

Read more: What are meme coins?

In conclusion, it should be noted that these all-time highs are subject to market fluctuations. If July is a much better month than June, these cryptos will reach the aforementioned targets. However, if the market faces an uphill battle with the bears, some forecasts may be invalidated.