As the broader market recovery takes a minor pause, an entry opportunity arises in the top-performing altcoins for missed-out traders. With Bitcoin back to $58,500, these altcoins are ready to coil up trend momentum for a massive upside wave.
Nervos Network (CKB)
With a market cap of $697 million, the Nervos Network ranks as the top weekly performer among the top 100 altcoins. With a surge of 91.58% in the last seven days, the CKB token price has surpassed the $0.0155 psychological mark. Currently, it is trading at $0.01555 with an intraday pullback of 9.04%. In the weekly chart, the CKB price makes a massive bullish engulfing candle with a 108% surge, leading to a bullish crossover in the MACD indicator. Based on the Fibonacci levels, the recovery run has surpassed the 38.20% level and challenged the 50% level at $0.01915. However, the higher price action and intraday pullback retest the 38.20% breakout and create an entry opportunity for missed-out traders. The altcoin price reveals a falling wedge pattern in the daily chart, resulting in a bullish trend reversal. Based on the Fibonacci levels, the upside targets for a bullish continuation are at $0.023 and $0.028. Optimistically, with a broader market recovery, the CKB price will likely hit the $0.05716 mark in the next bull run. With the upside of the network growth and positioning itself as the next big blockchain in the industry, the altcoin could reclaim the $0.10 psychological mark.
Baby Doge Coin (BABYDOGE)
With a market cap of $248 million, Baby Dogecoin is a rising meme coin in the industry. With a 53.26% jump in the last 24 hours, the Baby Dogecoin creates a massive bullish engulfing candle in the daily chart. Further, it marks a falling wedge pattern breakout in the daily chart as the altcoin surpasses the 23.60% Fibonacci level. The bullish trend reversal marks a positive crossover in the MACD indicator and reclaims the $0.0000016 mark. Currently, it is trading with an intraday gain of 55.97% and targets the 50% Fibonacci level. As the broader market recovers, the meme coin shows potential for a 10X surge in the next bull run.
Big Time (BIGTIME)
With a market cap of 129.54 million, BigTime ranks at 278th position in the crypto market. BigTime is a multiplayer action game for PC and is a rising name in the crypto gaming sector. Currently, the BigTime token price trades at $0.1212 with an intraday pullback of 8.65%. However, the token price increased by 55.14% last week following the 25% surge the week prior. In the daily chart, the altcoin reveals a range breakout and a reclamation of the $0.10 psychological mark with a positive trend in the MACD indicator. As the bullish recovery in BigTime gains momentum, the upside potential for the gaming token stands at $0.8205, the highest closing price. Further, the increased chances of a trendline breakout for the gaming token support the 10x surge bullish rally chances.
Amid the current crypto market conditions, top altcoins such as Nervos Network, Baby Doge Coin, and Big Time show significant growth potential. They can become attractive to traders looking to capitalize on the opportunity for substantial gains in the next bull run.
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