The crypto market is bearish overall, but altcoins show some independence from Bitcoin.
Uniswap is bullish on all timeframes and could reach $17 or higher this week.
Notcoin is trying to establish support at $0.0193 and could rally again above $0.02.
Litecoin is on an ascending trendline and needs a catalyst to ignite a rally to $100 or beyond.
Pendle is recovering and could retake $7, but needs to overcome $6.8.
The crypto market isn’t in the most bullish of places currently, especially with no clear indication that a Bitcoin crash below $66,000 will not occur..
However, more than the price action of Bitcoin alone, the altcoin market is doing pretty well, with most cryptocurrencies displaying a certain independence from Bitcoin.
With any luck, this independence will continue into this week, and we might see several of these altcoins emerge as gainers despite the generally bearish outlook in the market.
Without further ado, here are the top 5 cryptocurrencies to keep an eye out for this week:
Uniswap seems bullish on all timeframes and is even registering a 5% price increase over the last 24 hours at the time of writing.
Uniswap’s price
According to data from CoinMarketCap, the cryptocurrency is also up by around 15% over the last week, indicating a great deal of long-term bullishness on the cryptocurrency.
The charts show that Uniswap's bullishness over the last week has brought it into a retest of a very important price level.
Uniswap’s price action
As it stands, Uniswap is currently testing the $11.9 - $12 range and should let investors know what's next very soon.
Investors are advised to watch out for what happens between this range because a break and close above would indicate total control on the part of the bulls and a tendency for the cryptocurrency to continue further upwards to $17 or even higher.
Notcoin’s price action is relatively easy to predict, considering how it has regularly zipped in and out of top gainer lists since its launch.
Notcoin’s price
The cryptocurrency has increased by around 3% over the last 24 hours before press time. Over the previous week, however, we have seen a 14% price increase—much more than we can say for most other altcoins.
Notcoin’s price trajectory
According to the charts, Notcoin is struggling around the $0.0193 and $0.02 zone and is trying to establish this price level as support before its next move to the upside.
Investors are advised to be cautious around this price level and wait for a close above the $0.02 zone with a daily candlestick before jumping in.
If things go as planned, we might see another massive Notcoin rally again this week.
A litecoin rally has been in the works for a long time, even before now. What we need now is a catalyst to ignite the rocket.
Litecoin’s price
According to data from CoinMarketCap, Litecoin is also bullish on all timeframes and is up by around 1% in the last 24 hours before writing.
Here's why Litecoin will likely go nowhere but up from here.
Litecoin’s price action
The chart above shows that Litecoin has been trading on top of an ascending trendline since January 2024.
This trendline has been unbroken for most of the year and is now about to ignite one of the biggest rebounds in the altcoin market.
Investors should look for signs of a decisive rally above $79.6 on Litecoin because the next bullish wave is expected to take it to $100 or beyond.
Pendle has recovered by around 5% over the last 24 hours after a devastating weekly crash from $7.2.
Pendle’s price
This is one of the first few signs of a price recovery, and the bullish trend might continue.
The charts show that the cryptocurrency now trades inside what appears to be a symmetric triangle and should be ready to retake the $7 zone this week.
There might be a catch, though.
Pendle in the charts
Unless we see a break above the upper trendline of this symmetric triangle, Pendle is expected to end its bullish impulse at around $6.8, before the bears attempt to sink the ship again.
In terms of comebacks, DogWifHat is doing a pretty good job. In the last 24 hours, the cryptocurrency's price has increased by around 5%.
DogWifHat’s price action
This bullishness has yet to translate into weekly price action. However, the DogWifHat charts present something interesting.
DogWifHat in the charts
As shown above, DogWifHat declined underneath the ascending trendline shown above in last week’s bearish wave.
This time, we are seeing another attempt by cryptocurrency to break above this trendline again.
Investors might want to watch what happens around this ascending trendline, possibly around $2.76.
If we see a possible break and close above this price level and the ascending trendline, we will have all the assurance we need that the DogWifHat bulls are again in control.
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.