Published 3 hours ago
While the market participants remain uncertain if the recent growth in the crypto market is stable or not, here are some of the top cryptocurrencies which have maintained their bullish outlook. The below-mentioned coins show a strong bullish pattern whose influence could trigger a significant upswing in the near future and offer a long entry opportunity to interested traders.
Also Read: Crypto Market Selloff: Here’s Why Bitcoin, Ethereum Price Falling Today
Cardano(ADA)
Source- Tradingview
Amid the rising selling pressure in the crypto market, the falling ADA price will likely plunge back to the support trendline of the rising channel pattern. This chart pattern maintains a strong uptrend in Cardano price for the past five months, and therefore, its lower trendline is the key support to maintain a bullish sentiment.
Currently, this Cardano price trades at $0.37 and is heading close to the bottom trendline. This retest could offer market participants an opportunity to reaccumulate the coin at a discounted price. A potential reversal could drive the coin price to $0.42, followed by $0.46, and $0.5.
Solana(SOL)
Source- Tradingview
On May 27th, the Solana price gave a massive breakout from the resistance trendline of the wedge pattern. This breakout was an early sign for uptrend resumption, and surge the price to a weekly top of $21.24.
However, the bullish rally takes a minor halt at the aforementioned resistance as the crypto market witnessed a minor sell-off. Having said that, if the buyers manage to sustain this altcoin above the $20 mark, the price would likely resume the recovery rally higher.
With sustained buying the Solana price is poised to reach $24, followed by $26.
Uniswap(UNI)
Source- Tradingview
In the daily time frame chart, the Uniswap coin shows the formation of a falling wedge pattern. By the press time, the UNI price trades at $5 and continues its downtrend wobbling within the converging trendline of the chart pattern.
Until this pattern is intact, the coin price could continue the downfall and revisit the lower price level. However, the increased slope of the RSI indicator projects the underlying bullish momentum in this coin is rising which projects a high chance for a bullish recovery.
An upside breakout with a daily candle closing above the overhead trendline may intensify the bullish momentum and may push the UNI prices to a $7.6 peak.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/top-3-cryptocurrencies-to-maximize-your-investment-returns-in-june-2023/