Price Analysis

Will These Top Performing Altcoin Lead A 2x Surge Next Week?

With the bull market starting to surface, the massive jump in low-cap altcoins signals a diversified approach from investors. As the uptrend picks up pace in these underrated tokens, will the bull run lead to a 100% surge next week?

With the meme coins leading the way, should you consider buying these low-cap altcoins for a 2x surge in the short term? Let’s take a closer look at the price charts of these top-performing altcoins to gain a deeper understanding.  

WEMIX Token Jumps 36%, Eyes $3

Being a top-performing altcoin, the WEMIX token showcases a price jump of 36% overnight. With this, a massive bullish engulfing token undermines the bearish trend last week. 

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However, the altcoin showcases a long-term bearish trend in the daily chart. With this recovery, the WEMIX price surpasses the 50D EMA but may shortly approach the supply confluence of the 200D EMA and a resistance trendline. 

Currently, the altcoin trades at $1.34 with an intraday drop of 3.30%, reflecting a pullback after the massive jump. 

If the bull run persists, the uptrend in the WEMIX price can reach the $3 mark. 

Strong Uptrend in Altcoin BNX Eyes $2 With A Breakout Run

With a bull run in action, the BNX price action forms a solid support trendline in the 4H chart. In the recent trend, the altcoin formed a pullback phase with a resistance trendline, keeping the growth under check.

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However, the recent bullish revival from the support trendline has led to an end in the correction phase in the altcoin. With the trendline breakout, the BNX price reclaims the $1 psychological mark.

Currently, the BNX price trades at $1.176 after the 16% overnight jump. If the bull run sustains, the uptrend can surpass the $1.50 peak for an attempted run to $2. 

Considering the uptrend sustains, a breakout rally of the falling wedge can reclaim the $1 psychological mark. With this breakout momentum, the AI token can jump to the $2 mark or the 1.618 Fibonacci level by the end of July. 

AIOZ Price Preps Channel Break For A 2x Surge 

Following the bullish failure to surpass the $0.90 mark from the reversal at $0.60, the AIOZ price experiences a massive downfall. With the revival of a declining trend, the altcoin drops under the 200D EMA and the $0.50 psychological support. 

Further, the downfall increases the likelihood of a death cross in the daily chart between the 50D and 200D EMA.

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However, the recent overnight price jump of 12.66% from the support trendline. The bullish reversal tests the broken 200D EMA and may shortly reach the overhead trendline. 

With a bullish recovery, the uptrend in the altcoin can result in a price jump to $1. 

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