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The crypto market turned bullish with the release of U.S. CPI data, resulting in a boost in altcoins. Further, the Bitcoin price briefly reached the $70,000 mark before closing at $68,243, an intraday rise of 1.39%.
As the overall sentiments are improving, the investor’s confidence to buy altcoins is rising. Will this increased confidence lead to a bull run in the crypto market?
More importantly, which top altcoins do you need to buy in this recovery rally for impressive gains? Worry not, we bring to you our list of top altcoins to buy with the release of CPI data pumping the crypto market.
PEPE (PEPE)
With the meme coins leading the bull run in 2024, the PEPE coin is the clear choice to invest in this recovery rally. The PEPE price shows a bullish trend, forming a strong support trendline in the 1D chart.
Currently, the meme coin is preparing to bounce off from the support trendline and the 50D EMA confluence. Further, the MACD and signal line are on the verge of a bullish crossover, bolstering the possibility of an uptrend.
Despite the intraday pullback of 4.25%, undermining the 3.76% jump last night, the bounce in the PEPE price shows a potential target at $0.000015. A bullish breakout could result in a price jump in the altcoin for a new all-time high at the $0.000020 mark.
Notcoin (NOT)
Another meme coin, coming from the world of Telegram, Notcoin, shows an impressive bull run. Despite the recent pullback, the NOT token price has come back with a broader market recovery.
The NOT price surpasses the overhead resistance trendline and challenges the 50 EMA. Further, the recovery rally eyes to surpass the 38.20% Fibonacci level at the $0.01795 mark.
As the NOT price action shows a bullish breakout of a falling channel, the revival shows the potential to reach an all-time high at $0.02616.
If the bull run surpasses the ATH, the altcoin could land at $0.030.
Fetch.AI (FET)
With the AI tokens following the meme coins in the bull run, the FET token shows massive underlying potential. Unlike the NOT token, the FET price remains in a falling channel but is ready to take off from the support trendline.
The AI token is under the 200D EMA with a downtick in the 50D EMA with an intraday fall of 4.27%. However, the MACD and signal lines prepare for a bullish crossover, reflecting a rise in demand at lower levels.
Optimistically, the altcoin could give a bull cycle to reach the overhead trendline close to the $2 psychological mark.
