While the crypto market was shaky this past week, the coming week could improve, provided the macro financial market conditions shift to bullish. This could push some crucial altcoins on the path to a new ATH.
BeInCrypto has analysed three altcoins that could potentially reach a new all-time high in the coming days.
BNB
BNB is currently trading at $854, just below the $855 support level. The altcoin has declined from its all-time high (ATH) of $900, currently standing 5.4% below that peak. Despite the pullback, there is potential for a recovery if certain support levels hold firm.
For BNB to regain its momentum and possibly reach its ATH, the key support level at $855 must hold. If BNB holders choose not to sell, the price could secure this floor and start pushing higher. This would provide a solid base for the altcoin to target the $900 range once again.
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However, if investors decide to sell and take profits, BNB risks slipping through its current support at $823. A drop below this level would likely invalidate the bullish thesis, leading to further downside potential and a shift toward more bearish market sentiment for BNB.
XRP
XRP is currently priced at $2.94, just below the critical support of $2.95. The past week has been volatile, with XRP failing to breach the $3.07 resistance, leading to a price decline. This setback has left the altcoin struggling to gain upward momentum amidst broader market turbulence.
The recent drop has pushed XRP below the 50-day EMA, indicating potential short-term weakness. This bearish trend suggests that XRP could face further declines, possibly falling to the $2.74 support level. Traders are cautious, watching for signs of stabilization before considering potential recovery opportunities for the token.
However, if XRP can successfully secure the $2.95 support level, a bullish reversal could be in play. A sustained hold above this zone may enable XRP to break through $3.07, aiming for a rise above $3.12. This is necessary for XRP to eventually post a 24.49% rise towards the ATH of $3.66.
BUILDon (B)
BUILDON is currently trading at $0.560, approximately 20.4% below its all-time high (ATH) of $0.675. The altcoin is facing resistance at $0.574, but it has managed to stay afloat despite recent declines. Investors are closely watching for signs of a potential breakout or further consolidation.
Despite the recent drop, BUILDON has managed to hold above the $0.514 support and the 50-day EMA, indicating that the short-term outlook isn’t overly negative. With favorable market conditions, if BUILDON flips the $0.574 resistance into support, it could surge towards $0.646, potentially reaching the $0.675 ATH again.
However, if selling pressure increases, BUILDON could struggle to maintain suApport at $0.514. A failure to hold this level may lead to further declines, possibly reaching $0.478. Such a move would invalidate the current bullish outlook, signaling a bearish shift in market sentiment.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
