The crypto market is seeing strong price surges, with Bitcoin and Ethereum leading the charge.
Several altcoins like Dogecoin, Cardano, Kaspa, EOS, and Polkadot are showing strong bullish momentum.
Dogecoin appears the most promising, with an analyst predicting a price surge towards $3.
Cardano, EOS, and Kaspa traders should wait for the appropriate triggers before entering a trade.
Polkadot recently broke out of a falling wedge and could double over the next few weeks.
Last week was an amazing week for crypto, and that bullishness has carried over into this one.
Bitcoin smashed not only the $70,000 mark—it also broke above the $75,000 price range and is even looking towards a break above the $80,000 mark at the time of writing.
The altcoin market has echoed this growth and is green all over, according to this heatmap from CoinMarketCap.
The crypto market’s heatmap
Even Ethereum has finally broken through the $3,000 mark and is now trading at around $3,200.
The actual list of great cryptocurrencies is endless. However, here are some of the most promising altcoins to keep in mind for this week.
Dogecoin has been an absolute monster in terms of bullishness, according to CoinMarketCap.
The cryptocurrency is up by around 25% on the daily timeframe alone at the time of writing.
On the weekly, it is also pushing a staggering 81% price movement. This alone makes it one of the best-performing cryptocurrencies on the market.
But the fun is only just starting.
Dogecoin’s price performance
Let's start with Dogecoin's long-term price prediction.
According to renowned analyst Ali in a recent Twitter post, the cryptocurrency is looking towards a possible upside of around $3.95 to $23.26 in this cycle.
Even though the $23 price target for the memecoin is slightly more "tongue in cheek" for most investors, the charts show that Dogecoin is also promising in the short term.
Dogecoin’s price performance
Dogecoin just broke out of the $0.2288 high for the first time in months and looks ready for another powerful week.
According to the charts, if the bulls continue to apply this momentum, the next price target for the cryptocurrency will be around $0.35.
Cardano is another top performer, even though the internet is buzzing less for ADA than it is for DOGE.
ADA is outperforming Dogecoin on the weekly timeframe, with a staggering 35% price increase.
Cardano’s price performance
On the weekly timeframe, Cardano is as bullish as Dogecoin, with an 82% price increase over the last 7 days.
The charts show that Cardano hasn't had a single red candlestick in the last week, as shown below:
Cardano’s price performance
The cryptocurrency has also broken above the $0.6 resistance and aims to close above this price level.
Investors in the Cardano market might consider taking partial or full profits around this crucial zone.
However, investors interested in entering should look for a sustained break and a close above this $0.6 zone.
Cardano will likely continue its upward trend after a possible consolidation above $0.6.
Kaspa is another promising altcoin that has earned its place on this list. This cryptocurrency has been strongly bullish over the last 24 hours before writing and is up by nearly 30%.
According to CoinMarketCap data, its weekly performance has also been impressive, with a 45% price uptick in the last seven days.
Kaspa’s price performance
According to the charts, Kaspa lost its standing within the ascending channel illustrated below and broke towards the underside.
The bullishness from the last few days has now pushed the cryptocurrency back into this formation, as shown.
Kaspa's break-in
For Kaspa to be considered fully back into the formation, it must first close above the $0.14 price level with a daily candlestick.
Investors can expect a small pullback and retest of this level this week as Kaspa attempts to regain its footing.
However, once the cryptocurrency returns, it will likely aim for a retest of the next price level around $0.236.
EOS is another top gainer among the top 100.
Even though this cryptocurrency isn't as bullish as the rest, it is still up by an impressive 26% in the 24-hour timeframe alone.
In the weekly timeframe, the cryptocurrency is up by an impressive 43.72%, as shown.
EOS’ price performance
According to the charts, EOS broke below the $0.638 price level in mid-June and failed to break above again.
The chart below shows the cryptocurrency attempting this break above once again, and EOS could be set on a massive bullish ride.
EOS in the charts
Investors should keep an eye out for a break above this $0.638 price level, which would serve as the trigger for a parabolic 50% - 115% move to $1 or $1.36
According to CoinMarketCap, Polkadot is another top gainer. The cryptocurrency is up more than 20% in the last day alone.
It is also as impressive as the others on this list, with a more than 40% price move to the upside, according to the charts.
Polkadot’s price performance
In the charts, we can see that the reason for this bullishness lies in a recent breakout for the cryptocurrency above the falling wedge shown:
Breakout from the falling wedge
This breakout means Polkadot has heavy bullishness in store for this week and could only be getting a 121% rally towards $12 started.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.