The crypto market remains stagnant, with Bitcoin stuck below $65,000. However, while Bitcoin struggles, some altcoins are making gains.
Toncoin could surge towards $10 if it breaks above $8.3 this week.
Kaspa is in a bullish channel and could reach $0.2-$0.21. If a breakout occurs, we might see $0.3
Jasmy might climb 40% to its previous high of $0.04469 this week or even higher.
Fantom also seems poised for a further 30% rally to the $0.76 zone this week, even if a breakout does not occur.
The crypto market has been largely stagnant for months, especially with Bitcoin stuck underneath the crucial $65,000 zone and the bears threatening a stronger drop toward $60,000 or even lower.
Bitcoin’s current price
Bitcoin might have an even longer and messier fight between the bulls and bears ahead of it.
However, amid Bitcoin’s ongoing woes, certain cryptocurrencies in the altcoin market brave the odds and register strong daily and even weekly gains.
Let's review some of these altcoins and pick out some of the most poised to register gains this week.
Toncoin is one of the cryptocurrencies most poised to make waves this week.
Toncoin’s price
Over the last 24 hours before writing, the cryptocurrency has increased by around 6%, with a current price of $7.6 and a weekly decline of around 2.5%.
The charts show that Toncoin broke above the $8 zone successfully last week before being caught up to by the bears.
Toncoin’s price action
Because of this false breakout above $8, the cryptocurrency declined for a retest of the base of the ascending triangle shown above, around $6.7.
This time, we are seeing the cryptocurrency attempt another price increase and another test of the $8 zone.
The ultimate trigger for a Toncoin price rally would be a break above $8.3 sometime this week.
In the middle of all the choppiness in the market, Kaspa appears to have one of the clearest price actions, with a current price of $0.157 and a daily price increase of around 6%, just like Toncoin.
Kaspa’s price action
Compared to Toncoin, Kaspa is also bullish on the weekly timeframe, having experienced a 4% price increase within the seven days before press time.
According to the charts, Kaspa has been trading inside a long-term ascending channel since November 2023.
Kaspa in the charts
The cryptocurrency has rebounded off the crucial $0.133 support within the channel and is aiming for higher highs this week.
This means that as long as another break below $0.133 does not occur, the bulls should be fine, and Kaspa can only go up from here.
The possible price target for this cryptocurrency is between $0.2 and $0.21.
If we see a breakout on Kaspa, the Fibonacci retracement tool indicates possible price targets between $0.23 and $0.299.
Jasmy is a lot more bullish on the daily timeframe than the other two, registering a daily price increase of around 11% in the 24 hours before writing.
Jasmy’s price
Jasmy had a particularly hard week, dropping by around 5%, according to data from CoinMarketCap.
The charts show that the cryptocurrency declined by this much because of a post-breakout retest of the $0.027 price level.
Jasmy’s price action
We can see from the above that a post-breakout rebound will more than likely lead Jasmy up by 40% to its $0.04469 local high or even higher this week.
According to data from CoinMarketCap, Cardano is up by around 3.68% over the last 24 hours before writing.
Cardano’s price
Cardano currently trades at a price of $0.3887 and a weekly decline of around 6%.
However, this difference between its daily and weekly price actions is not without reason.
Cardano’s price action
Last week, as shown above, Cardano broke below the $0.4 price level. However, the bulls stepped in and prevented further decline around the $0.3589 price level.
At the time of writing, the cryptocurrency now trades in consolidation between $0.4 and $0.3589, where the bulls and bears are expected to battle things out.
Investors should keep an eye out for what happens within this range.
The bulls are already working on a break above $0.4—If we see this happen, Cardano’s bull run might just be close to starting.
Fantom is also one of the cryptocurrencies most poised to register gains this week.
The cryptocurrency is up by around 3% over the last day despite the ongoing 5% decline in the weekly timeframe.
Fantom’s price
According to the charts, Fantom currently trades within a descending wedge, which is a highly bullish formation.
Fantom’s price action
After rebounding off the base of this wedge around $0.475, we are seeing the cryptocurrency attempt to rally to the top and possibly break out.
Even if we do not see a breakout this week, the cryptocurrency seems poised to rally by another 30% to the $0.76 zone.
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.