June ends in 3 days. The broader cryptocurrency market has been experiencing some turbulent times so far. Despite the market conditions, several coins have hit new highs.
However, many people had to endure significant losses. As July approaches, here are the top four cryptocurrencies that could hit all-time highs before the end of next month..
Binance Coin (BNB), attention to massive rebound
Binance’s exchange coin, BNB, is the first top five altcoin to break its previous high. Since reaching $720.67 on June 6, the cryptocurrency’s value has fallen 21.11%. Previously, BeInCrypto reported how BNB was trading below important moving averages while struggling to recover.
However, things may change over time. According to the BNB/USD daily chart, the Relative Strength Index (RSI), which measures momentum, is trending downward. However, the indicators appear to be heading towards oversold territory.
In particular, a reading below 30 indicates that the asset is oversold. A reading above 70 indicates overbought conditions. At the time of writing, the RSI is at 38.96, indicating a further downtrend that could see the BNB price drop to $532.40.
Additionally, the A/D (Accumulation/Dispersion) indicator shows that the distribution is not strong. Therefore, if BNB becomes oversold, the price may rebound. If buying pressure increases, the coin’s price could rise by 29.90%, reaching an all-time high of $740.70 in July.
Kaspa (KAS) Looks Ready to Go Higher
KAS is the default cryptocurrency of Kaspa Network, a proof-of-work (PoW)-based project that is different from existing blockchains. Currently, KAS is only down 9.61% from its all-time high of $0.19.
Trading at $0.17, the token has gained 6.75% in the last 24 hours, with a volume increase of a whopping 172.65%. The increase in volume clearly shows the market’s interest in KAS.
On the 4-hour chart, we can see that the bulls are defending the $0.14 and $0.15 support levels. They also broke the $0.16 resistance level on June 13th, a key supply zone of bearish interest.
Looking at the Awesome Oscillator (AO), a technical oscillator that tracks momentum, we can see that KAS momentum is bullish. However, the token’s momentum appears to be waning.
Read more: What is altcoin season? Comprehensive Guide
The red candlestick on the chart reveals this. Therefore, KAS price may retest $0.16. But a rebound is possible. If this happens, the cryptocurrency’s value will likely reach $0.20 in July.
Pendle (PENDLE) plans to capitalize on the burnout
PENDLE, a decentralized liquidity protocol token, hit an all-time high of $7.52 on April 11. The token trades at $5.25, down 30.25% from its all-time high. The daily chart shows that sellers are running out, which means PENDLE may liquidate some of its losses.
This is clearly shown in the Parabolic SAR indicator. This indicator shows the price at which an entry (buy) or exit (sell) signal can be made. If the dotted line is below the price, a bullish reversal is near. On the other hand, if the line is above it, it means that it is time to sell and the price can go down.
At the time of this writing, Parabolic SAR is $5.17, which suggests that PENDLE could soon bounce off the lows. Additionally, market participants can enjoy discounts. If this happens, the price of PENDLE could reach 7.80 before the end of next month.
In the meantime, traders should keep a close eye on developments related to the project. For example, Pendle plans to unlock another token in the coming days. This could result in high volatility in the token price. However, once things settle down later this month, the price could start to rise to its all-time high.
Brett (BRETT) Bull provides protection against bears
Last on the list is BRETT, a leading cryptocurrency and meme coin developed on the Coinbase layer 2 network Base. According to the 4-hour chart, BRETT formed a parabolic pattern between May 9 and June 9. During this period, the price rose from $0.033 to $0.19.
However, the formation of a parabolic pattern indicates that the cryptocurrency has reached saturation at its peak. Therefore, the price is expected to reverse as BRETT is currently trading at $0.15. Despite the decline, RSI could restrain a drop below the 50.00 midpoint.
This proves that the bulls are trying to defend the $0.13 support. If this continues into next month, the price of BRETT may avoid falling. If so, the price could test a new all-time high between $0.20 and $0.21.
Read more: What is a meme coin?
In conclusion, it is worth noting that these projected all-time highs are subject to market changes. If July turns out to be a much better month than June, these cryptocurrencies will likely reach the aforementioned goals. However, some predictions may become invalid if the market faces an uphill battle against weakness.
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