With a mixed start to this week, the bull run over the weekend takes a minor dip in some altcoins, while Bitcoin is hung at $67,146. Amidst such struggle, the top-performing altcoins in the last 24 hours reflect a positive trend ahead. Will this recovery rally lead to a 2x surge or more this week? Let’s take a closer look at the price chart of these altcoins for a closer inspection.
Top Performing Altcoins To Watch Out: Helium (HNT)
With a market cap of $800M, Helium secures a place in the top 100 crypto list and one of the top performing altcoins with an 8.57% surge on Sunday. Further, the ongoing recovery in the HNT price accounts for a 61% jump in the last 11 days.
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In the daily log chart, the HNT price reveals a falling wedge pattern breakout rally gaining momentum. However, the bull run faces opposition from the 50% Fibonacci level, resulting in an intraday long-wick candle.
Currently, the Helium token price trades at $5 and teases a 50% Fib level breakout if the broader market recovers. As per the Fib levels, the uptrend could reach the $10 psychological mark.
Avalanche (AVAX)
Similar to Helium and other altcoins, the AVAX price ends the correction phase with a falling wedge breakout rally. With a bounce back from $23, the Avalanche token price surpasses the 50D EMA and challenges the 23.60% Fib level and the 200D EMA.
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The recovery rally undermines the death cross and the wedge breakout rally increases the uptrend possibility. As per the Fibonacci levels, the AVAX price could reach the $42 mark or the 50% Fib level, a 30% rise. However, a high magnitude trend reversal of this scale could pump the AVAX, one of the top performing altcoins, to $60.
Celestia (TIA)
Visibly, in a correction phase, the TIA price shows a downfall under the influence of a massive resistance trendline. Despite the multiple rejections leading to a lower high formation, the Celestia price jumped 43% in the last two weeks, 11% on Sunday, to rank amongst the top-performing altcoins.
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As the MACD and signal lines avoid a bearish crossover, the TIA price teases the trendline breakout. With the breakout rally, the bull run in the altcoin could hit the $11.184 level or the 50% Fib level.
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