With the cryptocurrency market reclaiming the $2 Trillion market cap with a jump of 3.18%, top tokens have breached their important resistance levels. Notably, with the price of Bitcoin reclaiming the $57K mark, altcoins from Artificial Intelligence (AI) and Meme category have gained the highest profits.
With this, investors are curious about the next market move. Further, questions like “Will Bitcoin hit new ATH this year?” and “When will Altseason Kickstart?” have surfaced on the internet.
Therefore, in this article, we have covered the top 3 altcoins that have the potential to dominate the crypto market during the upcoming bull market.
Fantom (FTM)
The FTM price has jumped 14.28% within the past day with a trading volume of $190.233 Million. With this, it has surpassed its important support level of $0.390. With a market cap of $1.376 billion, this altcoin has secured the 50th position in the global crypto market list.
The MACD indicator has displayed a constant rise in the green histogram with a bullish convergence in its average in the 1D time frame. This signifies a bullish outlook for the Fantom price in the coming time.
If the bullish market intensifies, the FTM coin price may head toward its upper resistance level of $0.840 during the upcoming weeks. Conversely, a bearish reversal could pull the price toward its low of $0.390.
Also read, Fantom Price Prediction 2024 – 2030
Artificial Superintelligence Alliance (FET)
Amid a bullish recovery, the FET price has surged 14.48% within the past day with a trading volume of $268.79 million, a change of 90.23%. Moreover, it has jumped ~50% during the past 30 days. This indicates a long-term positive influence for the AI token in the market.
The Relative Strength Index (RSI) has successfully retested its neutral point in the FET price chart. This has resulted in it recording a sharp rise toward the overbought range. Further, the SMA experiences a similar price trend, suggesting a positive outlook in the coming time.
A bullish breakout could push the price toward its $2 mark. However, if the bears regain momentum, this altcoin could retest its crucial low of $0.50.
Bittensor (TAO)
With a jump of 9.98% within the past day, the Bittensor price has reclaimed the $2 billion market cap mark. Moreover, it has surged over 470% YoY, making it a top token for this list. With a capitalization, it has currently secured the 39th position.
The technical indicators MACD and SMA have recorded increased bullish action in their respective price charts. This highlights an increase in the buying-over-selling pressure within the crypto market.
If the market continues trading under a bullish sentiment, the TAO price will prepare to test its upper resistance level of $437.5 this month. However, if the bears regain momentum, the price may retest its low of $212.
Also read, Bittensor Price Prediction 2024 – 2030
