With the Ethereum and Bitcoin price trend teasing a bullish jump ahead, the altcoins market anticipates a massive surge in the coming week. Amidst the recovering rally, the low-cap crypto on Page 3 on Coinmarketcap is known for massive jumps and even reaching the top 100 list sometimes.
So, let’s look closer at our top picks of low-cap crypto picks for a massive jump.
Low-Cap Crypto To Look Out: Taiko (TAIKO)
Amid the current market recovery, the Taiko showcased a steady upswing with four bullish candles in the daily chart. This reversal propelled the altcoin from a $1.95 low to currently trade at $2.39, registering a growth of 22%. Consecutively, the market cap of the crypto has surged to $158.1 Million.
Going into the technical details, the rising Taiko price reveals the formation of an inverted head and shoulder pattern. This chart setup is often considered a sign of bottom formation and provides crypto buyers with a fresh breakout opportunity.
Under the influence of this pattern, the crypto could rise another 5% before the challenge of the key resistance at $2.5. A potential breakout will accelerate the bullish momentum and push the price rally to $3.3.
Aethir (ATH)
For nearly a month, the Aethir coin has projected a boring sideways action, hovering above the horizontal support of $5.9. Despite the recent market correction, the strong resilience of the ATH price indicates that buyers have not abandoned this cryptocurrency.
A bullish reversal from $5.9 support on July 5th has uplifted the $0.76, accounting for a weekly growth of 36%. Amid the recovery, the crypto experienced a bullish breakout from the downsloping trendline that has registered sustainable recovery in ATH since mid-June.
If the breakout sustains, the crypto could witness a prolonged rally to $0.086, followed by $0.102.
TRUEFI (TRU)
With an intraday gain of 5%, the TRU token price trades at $0.1283 with a bullish trend in motion. The recent recovery accounts for a price jump of 35% in the last five days.
As per the Fibonacci levels, the crypto managed to take off from the 78.60% Fibonacci level and is heading to the 50% level. With a V-shaped reversal, the altcoin is heading for another potential breakout.
If the bullish momentum of the reversal rally sustains, then the crypto price could skyrocket to the $0.20 mark.
This article was originally published by a coinpedia.org . Read the Original article here. .