Top 3 Altcoins to Buy as Signs of a Fresh Crypto Bull Run Emerges

A crypto bull run could be around the corner as several important catalysts emerge. This article explores some of the best altcoins to buy ahead of this crypto market rally.

Crypto Bull Run Signs are Emerging

There are several reasons why a prolonged crypto bull run may be on the horizon, potentially within the next few weeks.

First, the Crypto Fear and Greed Index plunged to a low of 8 during the weekend, its lowest level this year. This crash was a sign of panic among investors. In most cases, crypto bull runs start when this index plunges.

Second, there are signs that Bitcoin and most cryptocurrencies have become highly oversold. Data compiled by TradingView shows that Bitcoin’s Relative Strength Index (RSI) dropped to the year-to-date low of 22.80.

Ethereum’s RSI also dropped to 27, its lowest level since April. In most cases, crypto bull runs begin when major coins like Bitcoin and Ethereum reach an oversold level.

Additionally, the Altcoin Season Index has dropped to 25, also a sign of increased panic among investors. It is common for altcoins to rebound when the index dives.

Additionally, there are signs that the Federal Reserve could continue to cut interest rates at its December meeting. Also, Donald Trump is considering hiring Kevin Hassett as the next Fed Chair, installing a trusted ally who will likely start cutting interest rates.

Top Altcoins to Buy Ahead of the Crypto Market Rally

The upcoming crypto bull run will likely benefit some of the top coins, including Pi Network (PI), Solana (SOL), and Cardano (ADA).

Cardano Price May Rebound After Forming a Falling Wedge Pattern

Cardano price has crashed in the past few months, underperforming some of the top cryptocurrencies like Ethereum, Solana, and Hedera. Still, the token has some potential catalysts that may push it higher in the coming weeks.

First, Charles Hoskinson and the team will launch Midnight, a zero-knowledge sidechain, on December 8. Hoskinson believes that this launch could be a game-changer as it will bring in vast assets to Cardano. Also, many ADA holders will benefit from the NIGHT token airdrop.

Second, there are chances that Grayscale will launch the ADA ETF soon, now that it has launched several funds, including Dogecoin and XRP.

Furthermore, the token has formed a falling wedge pattern, which is composed of two converging trendlines that are descending. This pattern often leads to a rebound. This is happening as the RSI indicates a bullish divergence pattern.

Pi Network to Rebound as Bullish Patterns Form

Another top altcoin to buy as the developers pivot to the booming artificial intelligence industry. They achieved this through the recent investment in OpenMind, a leading company in the AI and robotics industry.

Technicals suggest that the Pi Network price may rebound soon. The Wyckoff Theory suggests that it is now in the accumulation phase, which will lead to more gains as it moves to the markup stage.

The Relative Strength Index has already moved above the neutral point at 50, while the coin has formed a double-bottom pattern. Therefore, there is a likelihood that the token will rebound to the psychological level at $0.50.

Solana Price Technicals Point to a Rebound

Solana is one of the top altcoins to buy, as spot SOL ETF inflows continue to pour in. Its funds have had over $621 million in inflows and are now approaching $1 billion asset level.

Technicals also suggest that the SOL price is about to rebound. For one, the RSI is slowly forming a bullish divergence pattern, one of the most popular bullish reversal signs in technical analysis.

Solana price has also formed a falling wedge pattern on the daily chart. This performance means that the token will rebound and possibly retest the key support at $200.

Other Best Altcoins to Buy

There are more quality altcoins to buy and hold as the crypto bull run nears. Some of the most notable ones that have solid technicals and fundamentals are Hedera (HBAR), Ripple (XRP), and Binance Coin (BNB).