Top Altcoins Heading for ATH Breakouts in the Coming Week

With Bitcoin surpassing $91,000, crypto investors’ rising risk appetite is fueling a bull run in altcoins. Amid rising demand, many have hit a new 52-week high, with the reversal rally gaining momentum.

Will the increasing bullish momentum in altcoins result in a new all-time high for a few altcoins? Are you wondering the same thing? Don’t worry. We bring you a list of the top three altcoins with high potential that will reach new all-time highs in the coming week.

So let’s take a closer look at the price action analysis of these potential altcoins.

Top Altcoins with New Potential of All Time:

Jupiter (JUP)

With a market cap of $1.5 billion, the Jupiter token is currently trading at $1.13. Over the past 24 hours, the altcoin has risen 5.25% and is currently at a 45% discount from its all-time high of $2.04.

Jupiter price chart

Trading view

In the last 30 days, it is up 35%, showing a bullish trend in action. In the daily chart, Jupiter’s price action shows a triangle breakout rally gaining strength. This has led to a higher high formation in the daily price trend and a recovery of the 50% Fibonacci level at the psychological border of $1.00.

The bullish rise has resulted in a positive crossover between the 50-day and 200-day SMA line. This marks a golden crossover and increases the chances of the uptrend continuing.

Currently, with a bullish engulfing candle, JUP price action is showing a bad status reversal from the $1.00 mark. Furthermore, the bull run is struggling to lower the Fibonacci level from 61.8% to $1.20.

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However, as a rising DEX over the Solana Network, Jupiter is showing tremendous momentum. The Fibonacci levels form the upside target at $2.26 and $3.16 at $1,272 and $1,618 levels.

Will Jupiter (JUP) Price Cross $5? Find out now in Coinpedia’s latest JUP price prediction.

Pendulum (PENDEL)

With a market cap of $867 million, the PENDLE token PENDLE token is trading at $5.30. Over the past 30 days, it has risen 26.80% and is trading at a 30% discount from its all-time high of $7.5171.

Pendle Altcoin Price Chart

Trading view

On the daily chart, PENDLE price action shows the Triangle Breakout Rally ending closer to a new all-time high. Despite resistance from a short-term resistance trendline, the bullish trend forms a rising wedge pattern.

With a 2.28% jump last night, the bullish trend is now challenging the 78.60% Fibonacci level at $5.4498. A bullish breakout of the overhead resistance trendline will likely result in a high-momentum rally above the current all-time high.

The gold crossover in the SMA lines supports the bull run opportunities and marks a dynamic shift in the underlying sentiments. Based on the Fibonacci levels, the upside target for a bullish continuation above the current high is $9.57 and $14.30.

Jito Finance (JTO)

Currently, it is trading at a discount of 47.69% to its all-time high of $5.28. Since the all-time high formation, the bullish inability to end the lower-high trend formation led to a resistance trendline.

JTO Altcoin Price Chart

Trading view

The recent reversal from the $1.86 mark has resulted in a breakout rally, reaching the 50% Fibonacci level at $3.15. However, the DeFi token is now retesting the 38.20% Fibonacci level and the 200-day SMA line with a quick reversal.

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Since the 50 and 100 day SMA line produces a positive crossover, the probability of a reversal after the retest for the JTO token has increased significantly. Given the trend-based Fibonacci levels, a new all-time high in JTO funding will find the price target at $7.00 and $10.20. These price targets are derived from the Fibonacci levels 1.272 and 1.618.

Frequently asked questions

What is Pendle’s key resistance level?

The 78.6% Fibonacci level at $5.4498 is critical resistance, where a breakout could potentially lead to new highs.

What are the price targets for JTO?

The Fibonacci targets suggest that the JTO could reach $7.00 (1.272 level) and $10.20 (1.618 level) after a rally after the retest.


What are the key technical levels for Jupiter (JUP)?

The psychological figure of $1.00 (50% Fibonacci) acts as support, while the resistance is at $1.20 (61.8% Fibonacci level).

Credit : coinpedia.org