bullish

Solana

Jupiter

Toncoin

The post <a href="https://coinpedia.org/price-analysis/must-buy-top-performing-altcoins-this-week/" rel="noopener noreferrer nofollow">Must Buy Top Performing Altcoins This Week</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The broader market experiences a surge in demand for altcoins, and the altcoins market reclaims the $850B capitulation. Amid the top performers, many signal a high potential extended rally this week for bigger gains.&nbsp;
Amidst the top names, Solana, Jupiter, and Toncoin reveal a bull run ahead with increased interest from buyers. So, let’s take a closer look at the price analysis of top altcoins for a buying opportunity.
<h2 class="wp-block-heading" id="h-top-altcoins-to-buy-this-week-jupiter-jup">Top Altcoins To Buy This Week: Jupiter (JUP)</h2>
With a bullish breakout rally failing to sustain above $1.12, the JUP token takes a dip to the $0.68 support level. This forms a double bottom pattern with a neckline at the $1.12 peak.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeTY9FpMDBzcJkmsqLiqQD5Q6-N0ewmO6H1p5GEoVs_R-cf9Bd5k1n3ptm2UPOmMsZDB2zy_bX6bsWSkjA7LcHzHqjhdxpoMms-qUuUUVD9dbTvHxZCoDnbIE91DR3VW1syPNUM7UTynwNfepAFm8mMncM?key=0Rh3oxjlcapXfPWR3DWHOQ" alt="">
</figure>
<a href="https://www.tradingview.com/x/wzGmHKt4/" rel="noopener noreferrer nofollow">Tradingview</a>
The JUP token shows a bullish reversal, starting a bull cycle with a 21% jump within 48 hours. Further, it forms two consecutive bullish candles, signaling a run to the $1.12 neckline.&nbsp;
If the bullish momentum sustains, the altcoin price could hit the 50% Fib level at $1.32. On the upside, $2 and $2.75 are potential upside targets for the JUP token.&nbsp;
<h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL)</h2>
With a 40% recovery from the low of $110, Solana is ready for a new bullish cycle in this recovering market. Surpassing the $150 psychological mark, the altcoin is heading towards a crucial resistance for an extended uptrend.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf7CY6rV_YakVM_wy4Ty5KUNEka8f0cXbiLwXtB7Y2inM0wvf1FP0BhSxk27SG_nnZhG1OxQWw-F3O1e6fSDpIrTJZBigPYpq3WKclWYyGLhd395AJ5RFSWqyQKqsYKa6FNi-5UnRhbmh2iVi6e4wI-QJh-?key=0Rh3oxjlcapXfPWR3DWHOQ" alt="">
</figure>
<a href="https://www.tradingview.com/x/SPCTw2rK/" rel="noopener noreferrer nofollow">Tradingview</a>
With two consecutive bullish candles, Solana is challenging the 50D EMA and the 50% Fibonacci level at $157. An uptrend continuation will head to the massive supply range at $190.&nbsp;
Beyond this, the bull run in the altcoin could result in a price jump to the $223 mark.
<h2 class="wp-block-heading" id="h-toncoin-ton">Toncoin (TON)</h2>
With a market cap of $14.53 Billion, the native coin of Toncoin trades at $5.76, creating an intraday Doji candle. Following the 9.11% growth last day, a bullish engulfing candle reclaimed the 200D EMA.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91-1024x509.png" alt="" class="wp-image-335590" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91-1536x763.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/07153724/image-91.png 1803w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<a href="https://www.tradingview.com/x/Vd4tQy9Q/" rel="noopener noreferrer nofollow">Tradingview</a>
The downfall in the 50D EMA due to the increased bearish influence warns of a death cross. Further, with the altcoin sustaining above the $5 psychological mark, it teases a fresh uptrend.
As per the trend-based Fibonacci levels, the breakout of the 50% level at $6.21 will be the deciding factor of future price trend. The overhead targets for the altcoin are at $7.68 and $10.

Must Buy Top Performing Altcoins This Week

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