Top 5 Cryptocurrencies To Look Out This Week For Potential Gains

Date: Sun, July 28, 2024, 03:58 AM GMT

Last week, the cryptocurrency market experienced a notable surge, led by Bitcoin (BTC), which also helped altcoins regain momentum. The much-anticipated Ethereum ETF trading also commenced last week. Adding to the positive market sentiment were recent favorable statements from Donald Trump about Bitcoin, made yesterday at the Bitcoin Conference 2024.

Here are the top 5 cryptocurrencies to watch out for this week:

1. Jamsycoin (JASMY)

Jamsycoin (JASMY) recorded over 8% gain in last week, which takes it to the current resistance level of $0.0.32. A successful breakout from here will take JASMY to $0.0044, which will be almost 14% gain from here.

2. LayerZero (ZRO)

LayerZero (ZRO) has been trading in a rising channel pattern, and both the previous time it has taken a pullback from the support line. Currently ZRO token is exactly trading at the same support level at the price of $4.49, and a successful pullback from here will take ZRO to possible $6.0 with the increase of +35% from here.

3. Dogecoin (DOGE)

Dogecoin has formed a descending triangle pattern and already given breakout in last week at the price level of $0.1255 and done retesting. If bulls manage to start rallying, we can expect almost 25% gain in the upcoming days in Dogecoin.

4. Bitcoin Cash (BCH)

The Bitcoin Cash (BCH) token is looking bullish and currently trading to break out an important resistance level; if it manages to past the $407.0 price mark, we can anticipate more gains ahead in the BCH token. In terms of downturn scenario the price could go down to $370.0.

5. Pyth Network (PYTH)

Pyth Network (PYTH) was trading in a bearish channel pattern and finally started showing bullishness after broking out at the $0.35 price mark. Currently, the PYTH token is trading at $0.39, and we can anticipate $0.47 in the upcoming days. 

Also Keep Eyes On Jupiter (JUP):

Jupiter (JUP) has shown a growth of 8.5% in the last 7 days after a pullback from testing at the $0.91 level. Currently,  it’s trading at the $1.12 price mark and needs to break the resistance level of $1.17. If it manages to breakout from here, we can see more returns in Jupiter this week.

Stay tuned and keep an eye on these cryptocurrencies as they have the potential to perform well in the coming days. Happy trading!

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.