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In June, the crypto market experienced a turbulent period, and despite market conditions, several cryptocurrencies reached new highs. However, many had to deal with significant disadvantages. As July approaches, let’s examine the top three cryptocurrencies that could reach all-time highs before the end of the month.
BNB Chart Analysis
BNB became one of the first five altcoins to surpass its previous all-time high. Since reaching $720.67 on June 6, the cryptocurrency has lost 21.11% of its value, and according to the BNB/USD daily chart, the Relative Strength Index (RSI), which measures momentum, has entered a downtrend. However, the indicator seems to be heading towards the oversold zone.
Additionally, the Accumulation/Distribution (A/D) indicator shows that the distribution is not intense. Therefore, if BNB enters an oversold process, the price may recover. If buying pressure increases, the asset’s price could rise by 29.90%, potentially reaching an all-time high of $740.70 in July.
KAS Chart Analysis
KAS is the native cryptocurrency of the Kaspa Network, a Proof-of-Work (PoW) based project different from traditional blockchains. Currently, KAS is only 9.61% below its all-time high of $0.19.
Trading at $0.17, the token gained 6.75% in the last 24 hours, with trading volume showing a surprising increase of 172.65%. The increase in trading volume clearly indicates the market’s interest in KAS. In the 4-hour chart, bulls defended the $0.14 and $0.15 support levels. Additionally, they broke the $0.16 resistance, a significant supply zone that showed a downtrend on June 13.
The red candlesticks in the chart reveal this. Therefore, the KAS price may retest $0.16, but a recovery is possible, and in such a case, the cryptocurrency’s value could reach $0.20 in July.
BRETT Chart Analysis
The last on the list is the memecoin project BRETT, developed on the Coinbase Layer-2 network Base. According to the 4-hour chart, BRETT formed a parabolic pattern between May 9 and June 9. During this period, the price rose from $0.033 to $0.19. However, the formation of the parabolic curve pattern indicates that the cryptocurrency has reached saturation at its peak. Therefore, BRETT is currently trading at $0.15, and a price reversal is expected. Despite the decline, the RSI manages to avoid falling below the 50.00 midpoint.
This proves that bulls are determined to defend the $0.13 support. If this continues until next month, it may prevent the price of BRETT from falling. If so, the price could test all-time highs between $0.20 and $0.21.
