The crypto bull run has kicked off, with Bitcoin moving nearer to the all-time high of $123,200 and the market capitalization of the industry crossing the important resistance level at $123,200.
Best altcoins to buy as crypto bull run starts
The ongoing Bitcoin price surge suggests that the broader cryptocurrency market may also continue to soar. Historically, a BTC surge has opened the floodgates in the altcoin market,
The best altcoins to buy as the crypto bull run starts are those with strong technical metrics and fundamentals. While many utility tokens do well when this happens, meme coins are usually some of the best performers because of their cheap prices. Some of the best altcoins to buy are Dogwifhat (WIF), Stellar Lumens (XLM), and Fartcoin (FARTCOIN).
Dogwifhat (WIF)
The Dogwifhat price has been in a slow uptrend in the past few months, moving from a low of $0.3123 in April to above $1 today. WIF has jumped above the ascending trendline that connects the lowest swings since April this year.
Dogwifhat price has moved slightly above the 50-day Exponential Moving Average (EMA), a sign that bulls are gaining momentum. It has also formed the highly bullish ascending triangle pattern, which is made up of a diagonal line and a horizontal resistance.
Therefore, the WIF token price will likely keep rising as bulls target the upper side of the triangle at $1.3780. This target coincides with the 23.6% Fibonacci Retracement level. A move above that level will point to more gains to the 38.2% retracement point at $2.
Stellar Lumens (XLM)
Stellar is another top altcoin to buy as the crypto bull run starts. It has some of the best fundamentals as it seeks to disrupt the peer-to-peer payment industry using stablecoins.
Stellar is becoming a dominant player in the stablecoin industry, with the total supply of USDC nearing at its all-time high. Users prefer to use it because of its cheaper and faster transaction costs.
XLM price has some of the best technicals in the crypto market today. It has formed a falling wedge pattern, which is made up of two falling and converging trendlines. The bullish forecast is confirmed when the price moves above the upper side of the wedge.
Stellar price has also moved above the 50-day Exponential Moving Average, a sign that bulls are in control. Therefore, it will likely continue rising as buyers aim for the resistance level at $0.6357, is highest point in November last year. This price is also the target of the bullish pennant pattern.
Fartcoin
Fartcoin is another top crypto to buy today as whale and smart money investors continue buying.. It is a top meme coin on the Solana ecosystem that has the potential to surge if the support a $0.8788 holds. This support is the lowest swings since June 25.
Fartcoin price is hovering at the 38.2% Fibonacci Retracement level, while top oscillators like the MACD and the RSI are pointing upwards. More gains will now be confirmed if the price rises above the 50-day moving average. If this happens, the next point to watch will be the psychological level at $1.50.
Other top crypto to buy
There are many other top crypto to buy as the bull run starts. Some of the most notable ones are the likes of Hedera Hashgraph (HBAR), Chainlink (LINK), and Polkadot.
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