3 Altcoins That Could Reach New All-Time High This Weekend
Three altcoins enter the weekend buying and selling close to document highs (ATH), led by LEO Token, which sits closest to a recent peak. WhiteBIT Coin and Rain full a listing picked on one rule, proximity to all-time highs.
The choice follows the identical criterion as final weekend’s version. These are the massive and mid-cap cash nearest their earlier peaks, with Fibonacci ranges marking the trail greater and the help that will invalidate every setup.
LEO Token Sits Closest to a New Record
LEO Token (LEO) trades close to $9.80, down about 0.2% on the day. That worth sits roughly 7% beneath its document of $10.57, the smallest hole on this listing.
On the day by day chart, worth bounced from the 0.236 Fibonacci retracement close to $9.46. It now checks the swing high from June 15, the final hurdle earlier than the document.
A clear break above that degree would open the trail towards a brand new peak. The BeInCrypto worth forecast additionally factors to bullishness for the token.
If the transfer stalls, the 0.382 Fibonacci degree close to $8.88 marks a wholesome correction goal. Declining quantity factors to accumulation, whereas the RSI reads about 65 and continues to rise.
WhiteBIT Coin Targets $64 After Channel Reclaim
WhiteBIT Coin (WBT) tells a extra risky story. The coin trades close to $55.66, down about 0.8%, and is roughly 13% beneath its December document of $64.11.
Price broke down from an ascending channel on May 27, then bottomed on June 5. Since then, consumers have pushed two separate bounces off the lows.
The coin now rests on the 0.618 Fibonacci degree close to $55.93 and faces agency resistance at $58. That degree strains up with the decrease band of the damaged channel.
The RSI sits close to a impartial 55, and quantity retains fading. Reclaiming $58 would clear the way in which towards the December peak, although that document now dates again seven months.
Rain Needs $0.0147 to Rejoin the Race
Rain (RAIN) qualifies on proximity, but its chart appears to be like the weakest of the three. The token trades close to $0.0141, down about 0.5%, and sits roughly 13% beneath its June 22 document of $0.01614.
Price has simply been rejected from resistance close to $0.0147. It now drifts towards help on the 0.382 Fibonacci degree close to $0.01259.
The similar token featured previously and nonetheless trades beneath its peak every week later. Momentum has cooled, with the RSI at a impartial 42 and turning south.
Volume has additionally declined because the early-June impulse, an indication of decrease volatility. A agency reclaim of $0.0147 would revive the push towards the document.
What to Watch This Weekend
Each setup now hinges on one degree. LEO must clear the June 15 swing high, WBT should reclaim $58, and RAIN has to flip $0.0147 again into help.
A break of these ranges would verify every thesis and level towards document territory. Failure would hand the initiative again to sellers heading into subsequent week.
Broader circumstances nonetheless matter, as Bitcoin works by way of its personal late-cycle section. A weekend risk-on transfer would give all three altcoins the tailwind they want.
The put up (*3*) appeared first on BeInCrypto.