The crypto market is currently in a positive and healthy uptrend.
Several altcoins are showing strong growth with Jupiter, Gala, Immutable, Helium and Pyth being particularly promising.
Immutable's price chart shows a triple-top formation, pointing to a possible breakout.
Helium is attempting to re-enter an ascending channel and could resume its uptrend soon.
Pyth shows signs of a bullish comeback, supported by an incoming golden cross.
The crypto market has been through a great deal of growth over the last week.
At the time of writing, Bitcoin is trading strongly above the $68,000 zone, and Ethereum is safely above the $2,500 mark (trading at $2,600).
The crypto market has turned green.
Almost every altcoin on the market is thriving, and the coming week seems promising already.
The general fear and greed index is at a moderate greed level of 60—indicating that market sentiment is positive and healthy.
Here are some of the most promising altcoins to keep an eye out for in one of the last seven days of “Uptober”
In terms of weekly and daily timeframe, Solana-based Jupiter is one of the best-performing assets in the market.
CoinMarketCap data shows that the cryptocurrency was up nearly 9% in the last 24 hours before writing.
The price performance of Jupiter
Even better, Jupiter is also massively bullish over the weekly timeframe with a price increase of around 17.7%.
In the charts, Jupiter's price performance is quite interesting as illustrated below:
Jupiter’s price performance
First, Jupiter has thrice tested the $0.93 - $0.97 range since 24 August.
This indicates that the bulls are indeed pushing for a break above the $1 mark and have refused to back down.
Considering how the ongoing retest is the third, the chances of a breakout continue to mount.
In essence, we are likely to see Jupiter breakout this week and a retest of the next resistances at $1.1388, $1.3, $1.51, or even higher.
Gala is another top performer in the daily chart, with nearly a 7% price increase over the last 24 hours before writing.
On the weekly timeframe, the cryptocurrency is also up by more than 12%, which is impressive enough in itself.
Gala’s performance
In the charts, Gala presents a massive opportunity for investors to cash in gains this week.
This opportunity is in the form of a breakout from the descending channel illustrated below:
Gala’s price performance
As illustrated, the Gala Bulls are working on a possible breakout from the channel above this week.
If they are successful, the cryptocurrency is bound to explode upwards to the next resistance levels around $0.02834, $0.04, and even as high as $0.07.
According to CoinMarketCap, Immutable has increased by more than 4% over the last 24 hours and has traded with more than an 8% price increase over the last week.
Price performance on Immutable
In the charts, Immutable is similar to Jupiter with the triple top attempt at a breakout.
The only difference is that IMX is trading within a descending channel as shown:
Triple-top formation on IMX
Like Jupiter, Immutable is also attempting to break out of this formation's upper trendline and has tested this region three times already.
The sheer number of retests on this upper trendline indicates that this region is weakening.
If a breakout occurs this week, we should see a rally to as high as $2.6 or even higher.
Helium is another top performer with a 3.6% price increase in the bag over the last 24 hours.
The cryptocurrency has also gained more than 5% in price over the last week before writing.
Helium’s price performance
According to the charts, Helium slipped out of the ascending trendline illustrated below on 8 October.
The resulting decline took the cryptocurrency 15% lower to around $5.6.
Price action on Helium
However, as illustrated above, Helium is attempting to break into the channel again and only has to break above its 25-day EMA around $6.673 to confirm this.
If we see a break above this $6.673 price level this week, the resulting rally is bound to take the cryptocurrency up to a retest of $8.75 or higher.
Pyth has also been up over the last 24 hours before writing, with a 4.5% price increase.
It is also up by an impressive 11% over the last week before writing as illustrated.
Price performance on Pyth
In the charts, Pyth has been attempting a bullish comeback since hitting a yearly bottom of $0.27 as shown:
Golden cross on Pyth
The cryptocurrency’s price action even features a price above its 25 and 99-day moving averages.
Plus, an ongoing golden cross between these two EMAs is in the works.
This indicates that the bulls are strongly in action and should be able to push Pyth up and above its previous local high of $0.38.
This, in turn, will create a new higher high and possibly lead the cryptocurrency to a bullish comeback.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it 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.