The bullish price charts of Bitcoin and several key altcoins suggest the crypto market is almost ready for a broad-based rally.
BTC, Ethereum, Litecoin, Dogecoin and XRP have all held key support levels and subsequently formed bullish patterns that could result in high-volume breakouts.
Smart money investors’ list of best cryptos to buy also includes low-cap meme coins, which continue to deliver outsized returns. For instance, the Sui-based meme coin Sudeng (HIPPO) is close to breaking out from a macro descending trendline.
New meme coins including BTC Bull are also in high demand among whales.
Summary
Best Crypto To Buy — Bitcoin, Litecoin and Ethereum Nearing A Breakout
Bitcoin and several altcoins now have a bullish price chart, making them the best cryptos to buy before a broader market rally.
Bitcoin (BTC)
The largest cryptocurrency has found a new support level — the median line of its descending range, also known as Andrew’s Pitchfork.
BTC has successfully retested this level on four separate occasions. It could now rally to the upper trendlines of the pattern, potentially trading as high as $104,000 this week.
Bitcoin has also broken out of a falling wedge in the lower timeframe, prominent analyst Daan Trades reveals. A flip of the $102,400 could pave the way for new all-time highs.
While Bitcoin is an attractive investment, Ethereum and in-demand altcoins could deliver much higher returns.
Ethereum (ETH)
It could finally be time for Ethereum to start outperforming BTC. It is not without any reason that the number of whales holding over 10,000 ETH has increased by 2.3% since February 1st, analyst Ali Martinez reveals.
ETH has also successfully defended the $2,600 support level, which Martinez believes paves the way for a potential rally to $4000.
Crucially, Ethereum’s Relative Strength Index (RSI-14) nearly hit the “oversold” territory and has bounced back since. Every time ETH’s RSI hits oversold, it results in a major bullish reversal.
It could finally be time to go long on Ethereum and buy ERC-20 meme coins as beta bets.
Litecoin (LTC)
Litecoin is perhaps the most bullish altcoin on the market. Bloomberg analysts Eric Balchunas and James Seyffart believe LTC could be the first altcoin to receive spot ETF approval by Trump’s pro-crypto SEC.
Legendary trader Bluntz says he hasn’t seen any crypto chart that looks as clearly bullish as Litecoin right now, considering its strength against both the USD and the BTC pairs.
However, sidelined investors and swing traders should wait for a flip of the $131.1 resistance levels before going long, invalidating a potential double-top formation.
Dogecoin (DOGE)
Dogecoin is near the end of its A-B-C correction and could start its next bull run in February itself, Elliot Wave analysis reveals.
Moreover, it is holding strong above the lower boundary of its ascending parallel channel, which Ali Martinez believes paves the way for a new all-time high.
Furthermore, Bloomberg analysts Balchunas and Seyffart believe that Dogecoin has the second-highest chance of any altcoin spot ETF approval after Litecoin, making it one of the best cryptos to buy now.
XRP (XRP)
XRP’s bullish price chart shows that a rally could be imminent, prominent analyst Crypto Tony reveals.
XRP is still in its 4th wave, which is typically the best time to accumulate.
The XRP price is currently trading at $2.50 and could see one final dip to the lower trendline of its ascending channel, which is at $2.26, before pushing towards a new all-time high.
Low Cap Meme Coins Also In High Demand — HIPPO, BTC Bull
Low-cap meme coins continue to deliver outsized returns and feature heavily on experts’ list of best cryptos to buy.
For instance, the second-largest Sui meme coin, Sudeng (HIPPO), is nearing a breakout from two separate macro descending trendlines, which could kickstart a bullish reversal.
Similarly, a new meme coin, BTC Bull ($BTCBULL), is also in high demand, having already raised over $500k within a few hours of its presale.
$BTCBULL is a Bitcoin-themed meme coin, designed to reward holders through BTC airdrops and token burns whenever the Bitcoin price hits certain milestones.
As BTC continues to be the best-performing asset, BTCBULL holders are set for outsized returns. Prominent crypto influencers are even calling it the next 100x meme coin. For those interested, visit the official website of the project – btcbulltoken.com – to join the presale.
