Cryptocurrency prices have pulled back in the past few days, but a few signals point to an eventual comeback.
Bitcoin (BTC) price has formed a cup-and-handle pattern, pointing to potential gains that could take it to $140,000. ETF inflows have also jumped and are nearing the key milestone of $50 billion.
Similarly, the tech-heavy Nasdaq 100 Index has surged to a record high of $22,500, while the S&P 500 Index has climbed to $6,170. Both indices are up over 27% from their April lows.
Further, there are signs the Federal Reserve may begin cutting interest rates in September, while the US dollar index has plunged. Additionally, the U.S. and China are reportedly close to signing a new trade agreement.
Best altcoins to buy today ahead of the bull run
The bullish Bitcoin pattern and the surging S&P 500 and Nasdaq 100 indices may trigger the next crypto bull run. Some of the top altcoins to buy are Sei (SEI), Aptos (APT), and Aerodrome Finance (AERO).
1. Sei
Sei is one of the best-positioned altcoins ahead of the next bull run. It’s a fast-growing EVM-compatible chain gaining traction in gaming, DeFi, and stablecoins. It’s also under consideration to run Wyoming’s stablecoin initiative.
The Sei price has risen from a year-to-date low of $0.1315 to a high of $0.3337 on June 25. It recently broke through resistance at $0.2767, invalidating the previous double-top formation.
With the price now above both the 50-day and 100-day moving averages and the 23.6% Fibonacci retracement, further gains are likely. Bulls may target the 50% retracement level at $0.4340.
2. Aptos
Go to Source to See Full Article
Author: Crispus Nyaga
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
