With Bitcoin consolidating between $31,200 and $29,700, capital seems to be flowing into altcoins. As a result, some altcoins have risen explosively. For example, Bitcoin Cash (BCH) rose 33%, Compound (COMP) 48% and Litecoin (LTC) 15%. However, according to analyst Akash Girimath, there are 3 more altcoins that have the potential for an upcoming rally.
This altcoin price is ready to rise!
Pepe (PEPE) price continues to consolidate below the $0.00000164 resistance level. A break above this hurdle could trigger a 20% rally that retests the $0.00000195 barrier. On the daily time frame, this level was a key support level for PEPE in early May, which turned into a barrier to recovery. The Relative Strength Index (RSI) and Awesome Oscillator (AO) are approaching to break above their respective average levels at 50 and 0. This makes it an interesting opportunity for buyers on the edge.
The bullish outlook for PEPE price depends on the altcoin breaking the $0.00000164 hurdle. However, if it fails to break this level and then break the $0.00000147 support, things will change color. In this case, a steep 13% correction opens the door to $0.00000127 to collect selling liquidity.
OP price starts uptrend
The Momentum Reversal Indicator (MRI) for Optimism (OP) gave a buy signal on June 29. cryptocoin.comAs you follow, the altcoin started its northward journey after that. OP has risen 7% since then. The altcoin is currently hovering around $1.25. On the daily timeframe, the OP price needs to maintain its bullish momentum to sustain the 38% rise witnessed between June 19-22. It is possible for a successful move to raise the RSI and AO indicators above their average levels. Targets for Optimism price are $1.28, $1.36 and $1.49.
On the other hand, if it breaks $1.19, the bullish thesis will be invalid. That would trigger a correction to retest the lower range at $0.87.
This altcoin price is giving buy signals
Binance Coin (BNB) price has given two buy signals. These are: the bullish crossover of the Wave Trend indicator in the oversold zone followed by the bullish divergence with the RSI. With recent sales, buy signals are good entry points not only for investors but also for traders from the short to medium term outlook. The target for BNB price is $268.9, which is the midpoint of the $220.4 to $317.3 range.
However, if it breaks the $220.4 low range, the bullish thesis will be invalidated. This will trigger a potential correction to retest $183.4. This price is the lowest level of June 18th.
The opinions and estimates in the article belong to the analyst and are not investment advice.
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