The crypto market is showing signs of recovery with Bitcoin above $67,000 and Ethereum above $3,000.
Fantom (FTM), Chainlink (LINK), BONK, Solana (SOL), and Jupiter (JUP) are some of the strongest performers based on recent price action.
Fantom is poised to reach $1.40 this week if the bullish momentum continues.
Chainlink is facing a breakout opportunity above $16.55 or a potential head and shoulders pattern if rejected.
BONK can surge 60% to $0.000048 if it breaks above the $0.00002938 resistance zone.
Solana might be hitting the $200 zone this week if we see decisive price action around $175
Last week, the crypto market started to wake up again, considering how Bitcoin broke above the $67,000 zone for the first time since the post-halving decline began.
At the time of writing, Bitcoin trades slightly above $67,000, and Ethereum is trading strongly above the psychological $3,000 mark.
This indicates recovery in the market, and as such, here are some of the strongest cryptocurrencies to keep an eye out for, in light of the ongoing recovery.
According to CoinMarketCap, Fantom currently trades at around $0.883 at the time of writing and is up by around 25% over the last week.
Fantom’s current price
This makes the cryptocurrency one of the best performers among the top 100, especially with the incoming break above the $1 zone if the bulls keep up the momentum.
According to the charts, Fantom has been bullish for more than a few weeks now.
Fantom’s price action
Fantom started to rally after a rebound off the lower support of the ascending channel shown above, around $0.63.
The cryptocurrency has now broken above this formation and is aiming for a retest of its local high of $1.23, last hit in mid-March.
If the bulls keep up the momentum, we might see the cryptocurrency rally further up and hit the $1.4 price target this week.
Chainlink is also one of the top gaining cryptocurrencies over the last week, considering its current price of $16.52 and its price increase of around 24% over the last week.
Chainlink’s current price
According to the charts, Chainlink is attempting to break above its current range high around $16.55.
Chainlink’s price action
According to the chart above, Chainlink is sitting on top of massive opportunity, as well as massive risk.
If we see a Chainlink rejection from the $16.55 zone, we might end up with a classic head and shoulders pattern, which is a bearish formation.
On the flipside, the RSI on the daily chart shows bullish dominance, as well as a possible break above $16.55.
This means that the bulls are more likely to push $LINK Into a break above this $16.55 resistance, beyond which it will be poised to travel further up into a retest of the $22.86 high or even higher.
After PEPE's new all-time high and dominance through last week, Bonk appears to be taking the reins, and is up by around 20% over the last week, with a current price of $0.00002766.
BONK’s current price
According to the charts, BONK seems to have rebounded with new conviction from the $0.00002144 and is now aiming for a break above the $0.00002938 zone again, for the fourth time since March 2024.
BONK’s price action
If this turns out to be BONK's week, we will likely see a 60% price acceleration to $0.000048 if a break above $0.00002938 happens within the next few days.
Solana is another strong contender for the "best performer" title, considering how close it is to the $200 zone and its 18.7% price increase over the last week.
Solana’s price action
According to the charts, Solana is currently bullish and is trading on top of an ascending trendline.
However, there seems to be some resistance around $175, which the cryptocurrency is currently attempting to break through.
Solana’s price action
This resistance was broken under around 12 April, in Solana’s original slump from the $210 high.
Considering the strength and momentum of the bulls so far, it is safe to expect a break above this $175 price level and a retest of this $210 high or further up.
However, it might help to wait and see what happens around this resistance, before making a move in any direction as a trader or investor.
Solana-based Jupiter is one of the top gainers over the last week and has risen by around 15% in the last 7 days.
Jupiter’s price action
The cryptocurrency trades at around $1.23 at the time of writing, and is attempting to finalize a break above the major $1.22 resistance
Jupiter’s price action
The final ingredient from here would be a decisive close above this $1.22 resistance with a daily and even a weekly candlestick.
If we see this happen, Jupiter will be poised to gather enough momentum to travel further up to its all-time high of $1.84 or even higher.
Keep in mind that there might be some reluctance to break above the psychological $2 resistance as well if we see a break above $1.84.
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.