Crypto Market Signals Potential Bull run Ahead
Cryptocurrency prices have dipped recently, but several indicators suggest a comeback is on the horizon.Bitcoin (BTC) has formed a cup-and-handle pattern, hinting at possible gains up to $140,000. ETF inflows are also on the rise, nearing the $50 billion mark.
Meanwhile, the tech-heavy Nasdaq 100 Index hit a record high of $22,500, and the S&P 500 Index climbed to $6,170. Both indices have surged over 27% since April. These positive trends in traditional markets could spill over into the crypto space.
There are also signs that the Federal Reserve might start cutting interest rates in September. The U.S. dollar index has weakened, and a new U.S.-China trade agreement could be in the works. these factors could further boost crypto prices.
With these bullish signals, some altcoins stand out as promising buys. Here are three top picks:
- Sei (SEI): This EVM-compatible chain is gaining traction in gaming, DeFi, and stablecoins. Its price has risen from $0.1315 to $0.3337, breaking through key resistance levels. Bulls may target $0.4340.
- Aptos (APT): As a layer-1 blockchain, Aptos is slowly gaining traction. Its DEXs processed over $4 billion in the past 30 days. APT price has formed a double-bottom pattern, with an upside target near $10.
- Aerodrome Finance (AERO): A leading DEX on the Base blockchain, Aerodrome has seen its price rally from $0.2963 to $0.80. An ascending triangle pattern and a mini golden cross signal further gains, with a target of $2.
These altcoins could benefit from the upcoming crypto bull run, making them attractive investments for those looking to capitalize on the market’s potential.
