Top Altcoins That Could Double This Week
With Bitcoin price likely to breach the roughly $100,000 mark this week, altcoins are on the verge of a bullish explosion. Breakout rallies in such altcoins are happening more frequently as smart money flows into small-cap altcoins for greater returns.
So, are you confused about which altcoin to buy this week for 2x gains? Don’t worry; we bring you the top 3 altcoins that could bring 2x returns this week.
Jito Finance (JTO) Eyes $7.47
Starting with JITO Finance, an upcoming breakout of the resistance trendline suggests a bullish rally is in play. With a retest from the 23.60% Fibonacci level, the altcoin is now slowly approaching the psychological $4 mark.
After the golden cross, the 100 and 200 EMA are about to form a bullish crossover. As the recovery rally takes place, the altcoin may complete a round-bottom reversal with a neckline at $4.59.
With the MACD and signal lines aligned in a positive direction, Fibonacci levels fix price targets at $6.2753 and $7.4749. So, with a huge upside potential of over 100%, JITO token is a must-buy this week.
Hedera (HBAR) Breakout, Radar Rated at $0.55
On the weekly chart, HBAR price trend shows that a massive recovery rally is in play. Beyond the 23.60% Fibonacci level, the altcoin has broken above the 50-week and 200-week EMA lines.
After three consecutive bullish weeks, the uptrend has now reached $0.14. Despite the incredible recovery of 1.78%, the altcoin is likely to reach the $0.24 mark with a reversal from the retested 23.60% level.
Beyond this, the 78.60% Fibonacci level at $0.35 is the next potential price target this week. The MACD indicator gives a buy signal for HBAR token as it remains positive in line with the surge in the bullish histogram. Meanwhile, the 50-100 weekly EMA line is on the verge of a bullish crossover.
Therefore, HBAR could deliver over 2x returns this week given positive signals and technical insights suggesting a buying opportunity.
Polkadot (DOT) Rally Targets $16
On the daily chart, Polkadot price action shows that the falling wedge breakout value is gaining momentum. Following the parabolic rise, the altcoin has risen from the psychological $4 mark to the current price level of $9.15.
The increase in demand resulted in a golden cross within the 50-day and 200-day AMA. Furthermore, MACD and Signalize remain positively aligned.
According to the Fibonacci levels, the altcoin rebounded to challenge the 78.6% Fibonacci level of $9.25. However, a broader market recovery could continue Polkadot’s bull run.
Based on price action and Fibonacci levels, upside price targets are $13.63 and $16.26. Therefore, with a potential 2x upside, Polkadot price will continue its bull run.
Curious if Polkadot’s uptrend will reach $100. Check out the latest news from Coinpedia DOT price prediction 2025-2030 targets.
