Top Altcoins On The Cusp Of Bullish Breakout In The Coming Weeks

The post Top Altcoins On The Cusp Of Bullish Breakout In The Coming Weeks appeared first on Coinpedia Fintech News

The majority of altcoins rebounded on Friday, fueled by the recent Bitcoin (BTC) price pump above $66k. The favorable crypto regulatory prospects in major jurisdictions—led by the United States, India, Kong Kong, and Europe, among others—have helped trigger macro-bullish sentiments. Moreover, the spot Bitcoin ETFs have registered three consecutive days of cash inflows after a notable outflow in the past few weeks.

As a result, altcoins with robust bullish sentiment, led by Chainlink (LINK) and meme coins, have already signaled an inevitable uproar in the near term.

Top Altcoins to Watch Ahead

Arbitrum (ARB)

The Ethereum (ETH) ecosystem is largely anticipating next week’s final decision on VanEck’s spot in the Ether ETF, which could impact all other applicants. Arbitrum (ARB), one of the top-tier Ethereum-based layer two scaling solutions, is on the cusp of a major bullish uprising.

$ARB is on the verge of Falling Wedge Breakout..

In case of Successful Breakout, Expecting +50% Bullish Rally..#Crypto #ARB #ARBUSDT pic.twitter.com/nIXzo79wMQ

— Captain Faibik (@CryptoFaibik) May 17, 2024

According to a popular crypto analyst, Captain Faibik, ARB price could easily rally at least 50 percent if it successfully breaks out of a falling wedge pattern.

Enjin Coin (ENJ)

Immersive GameFi web3 projects such as the Enjin ecosystem (Enjin Coin ENJ) will facilitate the mainstream adoption of digital assets. The small-cap altcoin, with a fully diluted valuation of about $560 million and a daily average traded volume of about $22 million, pumped over 5 percent in the past week to trade around 31 cents at the time of this report.

$ENJ is Breaking out of Falling Wedge Pattern on the 8hr timeframe Chart..!!

Looks Promising for the +50% Bullish Rally in the Coming days..#Crypto #ENJ #ENJUSDT pic.twitter.com/Ya5LDsnLLx

— Captain Faibik (@CryptoFaibik) May 17, 2024

According to Captain Faibik, the ENJ price is gradually breaking out of a falling wedge pattern that could soon yield at least a 50 percent pump.

Injective (INJ)

The Injective (INJ) network—backed by Binance, Mark Cuban, and Pantera Capital, among others—has grown to a vibrant Web3 ecosystem with over $2.4 billion in fully diluted valuation and $91 million in daily traded volume.

$INJ Falling Wedge formation on the 4hr timeframe Chart..!!

Expecting Upside Breakout..#Crypto #INJ #INJUSDT pic.twitter.com/1SLBpNa1Bt

— Captain Faibik (@CryptoFaibik) May 16, 2024

Crypto analysts alias Captain Faibik believe INJ is on the cusp of a bullish breakout that could yield at least a 50 percent gain.