Bitcoin stands on the verge of crossing the $66 mark as the crypto industry rises above the $2.3T market cap. Amid the growing bullishness, smart money is directed toward some high-potential crypto gems.
With a massive surge expected in low-cap hidden cryptos, this refreshed bull run will likely have a similar trend. So, let’s take a closer look at three must-buy hidden crypto gems this bullish season.
Must Buy Hidden Crypto Gems:
WHY (WHY)
With a bullish reversal in the 4-hour chart, the WHY token is ready for a bullish rally in this recovering crypto market. As the bullish trend reclaims the 61.80% Fibonacci level, the recovery rally in the WHY token turns the underlying dynamics and the technical indicators.
Tradingview
The 50-day and 200-day EMA is ready for a golden crossover with a boost in MACD and signal lines on a bull run. Based on the Fibonacci levels, the WHY token could scale to 1.618 Fibonacci levels at $0.000003754 and 2.618 Fibonacci levels at $0.000005417, a potential target in this crypto bull run.
Hence, WHY is a must-buy hidden crypto gem in this bull run. Its upside target is 100%, and a full-fledged recovery is likely to surpass this level.
Morpheus Network (MNW)
With a falling channel pattern in the daily chart, the MNW token or the Morpheus Network is ready for a bullish breakout rally. As the broader market recovers, the MNW token shows a massive jump of 8.16%, followed by the 10% recovery rate yesterday, giving a falling channel breakout.
TradingView
The Morpheus Network has surpassed the 50-day EMA, and a bullish crossover in the MACD indicator is visible. Based on the Fibonacci levels, the uptrend will likely scale to this 52-week high at $1.7617.
Furthermore, the 1.618 Fibonacci level at $2.64 in the broader market recovery is a potential target. Hence, a falling channel breakout will likely result in almost a 500% jump in the next bull run. Thus, Morpheus Network is one of the must-buy Hidden Crypto Gems in the upcoming bull market.
Unizen (ZCX)
With an intraday jump of 21.23%, following the 8.92% and 14.20% jump in the past two days, Unizen reclaims $0.10. The recovery run has surpassed the 50 and 100-day EMA and is heading towards the 200-day EMA.
Tradingview
Based on the Fibonacci levels, the bull run will likely scale to the 50% Fibonacci level at $0.2231. Furthermore, with a bullish MACD and signal lines crossover, the 1.618 Fibonacci level at $0.50 is a potential target.
Hence, with an upcoming target with almost 450% potential, Unizen is a high-potential must-buy hidden crypto gem for this upcoming bull run.
Curious if the broader market recovery propels Bitcoin price to $100K? Find out now in Coinpedia’s BTC price prediction for 2024 to 2030.
Source: https://coinpedia.org/price-analysis/3-must-buy-hidden-crypto-gems-in-2024-bull-run/