Top 3 Altcoins with Bullish Pattern to Buy Before June End

The mid-June rally in the crypto market has revitalized the sentiment of recovery, presenting buyers with a chance to regain lost ground and reclaim their positions. This resurgence not only restores confidence but also opens up investment opportunities for those seeking to capitalize on the market’s upward momentum. Given below are some of the top altcoins that can offer a significant upswing in the near future.

Also Read: Bitcoin Futures ETF Surges Past $1 Billion Amid Spot ETF Race

Ethereum(ETH) Price Analysis: Coiling before an Explosive Move

Source: Tradingview

The ongoing recovery rally in ETH price faces a major roadblock at $1920. The selling generated from the early profit booking has created a short consolidation between $1920 and $1866.

If the coin price breaks the $1866 support, the coin price may plunge 2% to retest the breached resistance trendline as potential support. This support could replenish the bullish momentum and offer traders a pullback opportunity

This potential reversal could intensify the bullish momentum and surge the ETH pride back to $2000.

Chainlink(DOT) Price Analysis: Bear Trap Unleashes Buying Opportunity

Source: Tradingview

In early June, the Chainlink price experienced a significant decline, breaking below the important support level of $5.5. This breakdown was expected to increase selling pressure and extend the ongoing downtrend in the cryptocurrency

However, the crypto market has recently witnessed a recovery, and LINK buyers managed to regain the lost ground, suggesting that the previous breakdown was a deceptive bear trap. This false breakdown scenario is likely to stimulate increased buying interest and kick-start a new recovery rally.

The potential recovery could surge the price to $7.75, followed by $9.48 

Polkadot(DOT) Price Analysis: Chart Pattern Brings Potential Upswing

Source: Tradingview

In the daily time frame chart, the Polkadot coin price showed the formation of a descending triangle pattern. This pattern consists of a downsloping trendline which constantly hammers down the asset price and a neckline support which prevents excess downfall.

By press time, the DOT price trades at $5.14 and shows signs of a bullish reversal at $4.228 support. This potential reversal could surge the prices by 20% to challenge the overhead resistance trendline. 

In addition, a breakout above this trendline will signal an early sign to trend reversal.