3 Altcoins Poised for All-Time Highs in Last Week of June 2023
Bitcoin Faces Decline Amidst Geopolitical Tensions, But Altcoins Thrive
Bitcoin experienced a downturn over the weekend as the United States engaged in military actions against Iran, escalating the ongoing Israel-Iran conflict. This situation has raised alarms about the potential for a broader international conflict, leading to significant losses in the crypto market. However, while Bitcoin struggled, several altcoins managed to perform well.
Hyperliquid (HYPE): Aiming for New Heights
Currently trading at $35.8, Hyperliquid (HYPE) is approximately 29% below its previous all-time high of $45.8. The altcoin is hovering near the $36.4 resistance level, and market observers are keenly watching for a potential move towards $40.1. Successfully establishing $40.1 as a support level is essential for HYPE to maintain its upward trajectory. If this resistance is overcome, HYPE could aim to break its all-time high, marking a significant bullish trend.
Despite this optimistic outlook, the Parabolic SAR indicator suggests a possible downtrend, as it is positioned above the price candles. Should HYPE fail to surpass the $36.4 mark, it may retreat to $31.2, which would challenge the current bullish sentiment and indicate a loss of momentum.
Saros (SAROS): On the Rise
Saros (SAROS) has seen a 5.5% increase in the last 24 hours, currently priced at $0.218. This positions it about 8.7% away from its all-time high of $0.237, achieved just two weeks ago. The recent upward movement indicates that SAROS may be gearing up for another attempt at reaching new highs.
After experiencing a pullback to $0.200, SAROS is now on the path to retest the $0.237 resistance. A successful breakthrough at this level could signal sustained bullish momentum. However, if selling pressure intensifies, SAROS may drop to the $0.211 support level or even lower to $0.200, which would weaken the bullish outlook and potentially lead to further declines.
WhiteBit Coin (WBT): Strong Performance Amidst Market Volatility
WhiteBit Coin (WBT) gained significant attention in mid-June, surging by 62.8% within a five-day period. Since then, it has managed to stay above the critical support level of $47.89. Investors remain optimistic about WBT’s potential for continued growth, with key technical levels providing essential support.
During its impressive rise, WBT reached a new all-time high of $56.49. Currently, it is 17% away from this peak, and a return to this level seems feasible if market conditions improve. Continued upward momentum could propel WBT towards new highs in the near future.
Nevertheless, escalating geopolitical tensions could adversely affect WBT’s price. A shift in market sentiment might lead WBT to fall below the $47.89 support level, potentially dropping to $39.46. A breach of this crucial support would invalidate the current bullish outlook and signal further downside risks for the altcoin.
Disclaimer
This article is intended for informational purposes only and should not be construed as financial or investment advice. Market conditions can change rapidly, and it is advisable to conduct thorough research and consult with a financial professional before making any investment decisions.
