Top Performing Altcoin Tokens To Buy
Fantom (FTM)
With a market cap of $2.185 billion, Fantom has increased by 12.46% in the past 24 hours. Currently, the altcoin is trading at $0.7794, with a 13.20% surge over the past seven days.
In the daily chart, Fantom’s falling channel breakout rally faced a consolidation phase between $0.61 and $0.71. However, the recent surge in bullish momentum leads to a consolidation range breakout, surpassing the 50% Fibonacci level.
Furthermore, the growing bullish influence has resulted in a golden crossroad between the 50-day and 200-day EMA. The daily RSI line is also sustaining a healthy trend above the 50% line and is approaching the overbought boundary.
Based on the Fibonacci level, the breakout rally will likely challenge the following price points:
- 78.60% Fibonacci level at $0.96
- Psychological mark of $1.01
- Potentially reach $1.14 by the end of the month
Will the altcoins surge this October? Discover more in the Fantom price prediction for 2024 to 2030.
Polkadot (DOT)
With a market cap of $6.68 billion, Polkadot is currently trading at $4.44. In the past 24 hours, the altcoin has surged by 4.30%, resulting in a 7-day surge of 7.65%.
The daily chart for DOT showcases a struggle for a bullish comeback from the $3.958 support level. With multiple bounce-backs from this crucial level, the daily RSI line reveals a significant bullish divergence.
Currently, the bullish cycle challenge is heading for a closure above the 50-day EMA to confront the resistance trendline. According to the Fibonacci level, the altcoin is likely to challenge:
- The $5 psychological mark near the 23.60% Fibonacci level
- Dynamic resistance of the 200-day EMA at $5.491
- Targeting the 50% Fibonacci level at $6.76 by the end of the month
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