Three Altcoins That Have the Potential to Reach ATH Levels Next Week

As we reported at Kriptokoin.com, Bitcoin exceeding the $91,000 level has increased risk appetite in the crypto market. It has also opened the door

Cryptocurrency markets continue to experience a period of turbulence, with Bitcoin’s failure to breach the crucial $91,000 level triggering a downturn in the total market capitalization. This development has led to a decline in the demand for altcoins, causing a sell-off in the market.

However, some altcoins are still displaying resilience and showing potential for further price increases. Here's a closer look at three altcoins that could reach their all-time highs (ATHs) next week, as reported by Kriptokoin.com.

Top Altcoin on the List: Jupiter (JUP)

The price of the Jupiter (JUP) token has surged by 35% over the last 30 days, displaying a strong bullish momentum. Currently, JUP is trading at $1.13, offering a significant discount of 45% from its ATH of $2.04.

An analysis of the daily chart reveals that the JUP price action is gaining strength as it breaks out of a triangle formation, facilitating the Fib 50% ($1.00) level's retest and offering psychological support.

Moreover, the 50-day and 200-day SMAs are forming a "golden crossover," providing a positive signal for the continuation of the price increase.

According to Fibonacci levels, the next targets on the upside are Fib 113% ($2.26) and Fib 144% ($3.16).

Pendle (PENDLE)

The price of the PENDLE token has risen by 26.80% over the last 30 days. Currently, PENDLE is trading at $5.30, having encountered resistance at 30% below its ATH of $7.51.

An analysis of the daily chart reveals that PENDLE is forming an ascending wedge formation as it approaches new highs despite encountering short-term resistance.

The uptrend is evident in the last 24 hours, with a gain of 2.28%. PENDLE is currently testing the Fib 78.60% ($5.45) level.

According to Fibonacci levels, if the bull run continues, targets may appear as Fib 127% ($9.57) and Fib 162% ($14.30).

Last Altcoin on the List: Jito Finance (JTO)

Jito Finance (JTO) is currently experiencing a 47.69% price reduction from its all-time high of $5.28.

The previous highs have created a downside price resistance trend, which is now being tested by JTO's recovery rally from a low of $1.86, driving the price to Fib 50% ($3.15).

An analysis of the daily chart reveals that the DeFi token is currently retesting the Fib 38.20% ($2.78) level and the 200-day SMA line.

The 50-day and 100-day SMAs are forming a positive crossover, which may indicate a possible rally.

According to Fibonacci levels, JTO’s new highs would be Fib 127% ($7.00) and Fib 162% ($10.20).

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