Top Altcoins Gems To Consider for 10x Profits

The recent bullish turn in the cryptocurrency landscape, triggered by the U.S. CPI data, has resulted in a surge in altcoin values. Bitcoin briefly touched the $70,000 threshold before closing the day at $68,243, showcasing a 1.39% intraday increase.

With overall market sentiment on the rise, investors are increasingly inclined to explore altcoin purchases. The growing confidence levels beg the question - could this newfound assurance pave the way for a significant upsurge in the crypto sphere?

Crucially, as market sentiments improve, it becomes essential to identify the top altcoins that hold potential for substantial gains during this period of recuperation. To assist with this, we have compiled a list of standout altcoins that are worth considering following the injection of optimism brought by the CPI data boost.

PEPE (PEPE)

Among the meme coins that have spearheaded the bull run in 2024, PEPE coin emerges as a prime choice to capitalize on the ongoing recovery. The PEPE price exhibits a bullish trajectory, establishing a robust support trendline on the 1-day chart.

Presently, the meme coin is poised to bounce back from the support trendline and the 50-day EMA convergence. Furthermore, the MACD and signal line indicators are edging towards a bullish cross, enhancing the likelihood of an uptrend.

Despite a slight intraday setback of 4.25%, offsetting the 3.76% surge from the previous night, the upturn in PEPE price hints at a potential target price of $0.000015. A bullish breakout could catalyze a price surge towards a new all-time high at the $0.000020 level.

Notcoin (NOT)

Another meme coin making waves in the Telegram community, Notcoin, has witnessed an impressive bull rally. Despite recent retracements, the NOT token has rebounded in tandem with the broader market recovery.

Outstripping the overhead resistance trendline and challenging the 50-day EMA, the recovery momentum of NOT price is poised to surpass the 38.20% Fibonacci level at $0.01795.

Driven by a bullish breakout from a descending channel in the NOT price movement, the resurgence could propel the altcoin towards a record high at $0.02616.

Should the bullish streak extend beyond the all-time high, NOT could target $0.030.

Fetch.AI (FET)

In the realm of AI tokens, Fetch.AI (FET) stands out for its significant underlying potential. Unlike NOT, FET price languishes within a descending channel but shows signs of readiness to rally from the support trendline.

Trading below the 200-day EMA and witnessing a downturn in the 50-day EMA, alongside an intraday decline of 4.27%, Fetch.AI's MACD and signal lines hint at an impending bullish crossover, reflecting increasing demand at lower levels.

Optimistically, the altcoin could embark on a bullish trajectory aiming to breach the overhead trendline near the $2 mark.