The crypto market rally gained steam on Monday as Bitcoin price surged to a record high, and the market capitalization of all tokens surged to a record high of $3.8 trillion.
Bitcoin price surged to a record high of $122,350, much higher than the April low of $74,500. This article explores some of the best altcoins to buy as the crypto bull run gains steam.
Sui (SUI)
Sui is one of the best crypto to buy as the bull run gains steam. It jumped from a low of $0.4780 in August last year to the current $3.8420, its highest level since May 23.
Sui price has moved above the 50-day and 200-day Exponential Moving Averages (EMA). The two have formed a golden cross as they crossed each other.
Sui has also jumped above the 38.2% Fibonacci Retracement level at $3.500. Also, other top oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have continued rising.
Therefore, the Sui token price will likely continue rising as bulls target the key resistance level at $4.30, the highest point on May 12.
A move above that level will point to more gains, with the next point to watch being at $5.37, the highest point in January, up by 40% above the current level.
Jumping above that resistance level will invalidate the highly bearish double-top pattern at $4.29 and the neckline at $2.2947.
Pepe (PEPE)
Pepe is another top altcoin to buy today as the crypto market bull run intensifies. The token bottomed at $0.000005195 in March and then rebounded to a high of $0.00001625 in May.
Pepe price then bottomed at $0.0000083 in June, and has now bounced back to the current $0.00001290. This rebound formed a falling wedge pattern, a sign of bullish reversal.
Pepe has jumped above the 50-day and 200-day moving averages, which are about to have a golden cross pattern. The Relative Strength Index continued rising. A move above $0.00001625 will point to more gains, potentially to the year-to-date high.
Pepe Coin could continue soaring as the supply of tokens on exchanges has plunged. Data shows that this supply has plunged in the past few months, a sign that investors are not selling.
Ethereum (ETH)
Ethereum is another top crypto to buy today amid the ongoing bull run. It has numerous catalysts, including the surge in exchange-traded funds (ETF) inflows. Data shows that the cumulative inflows jumped to over $5.2 billion for the first time ever.
Ethereum price has formed the highly bullish golden cross pattern, which often leads to more gains over time. The coin is approaching the 61.8% Fibonacci Retracement level.
ETH price has also remained above the 50-day and 200-day moving averages. Therefore, the token will likely continue soaring as bulls target the key resistance at $4,000.
Chainlink (LINK)]
Chainlink is another best altcoin to buy because of its strong technicals and fundamentals. LINK has jumped from a low of $10.95, its lowest point in June this year.
It has also moved above the upper side of the descending channel. It has moved above the 200-day moving average, while the RSI and the MACD indicators have pointed upwards.
Therefore, Chainlink price will likely continue rising as buyers target the key level at $18, its highest point in May.
Other top altcoins to buy
Some of the best crypto to buy during this bull run are Algorand, Hedera Hashgraph, Stellar Lumens, and Maple Finance.
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