These are 3 outstanding Altcoins that are about to rise to the sky in the near future.

This week, three prominent altcoins are Aave (AAVE), ApeCoin (APE), and Cronos (CRO) that are drawing attention from investors with positive signals from technical patterns, which could lead to strong bullish rallies. All three coins are forming price structures that in the past have signaled strong bullish trends, creating great opportunities for those looking to profit from the market's bounce back.

Aave (AAVE) targets $350 if it breaks the key resistance level.

AAVE ( has had quite a volatile price journey recently. Despite facing rejection from the resistance level of $282.84 on May 27, leading to an adjustment of nearly 10%, the coin bounced back quickly and almost regained all the losses in the following two days. At the time of writing, AAVE is hovering around $264.

If AAVE can break and close above the resistance level of $282.84 each day, this coin may continue its bullish trend, with the next target level being $349.23 – the daily high on January 31.

The RSI index on the daily chart is currently at 63, above the neutral level of 50, indicating a strong presence of bullish momentum.

However, if AAVE fails to hold above the $282.84 resistance level, the price may continue to correct, retesting last Sunday's low at $237.60.

![])https://img.gateio.im/social/moments-52d37fd6e706da21fee06ca9e82fb7f7(AAVE 1-day price chart | Source: TradingView## ApeCoin )APE( is about to bounce back

The price of ApeCoin )APE( has formed a series of higher lows and relatively stable highs since the beginning of February, indicating a clear accumulation in price action.

When drawing a trend line connecting these swing points, one can observe the emergence of an ascending triangle pattern on the daily chart. This technical pattern is characteristic of a strong bullish trend, with the next target calculated from the distance between the first swing high and the first swing low to the breakout point. At the time of writing, APE is trading near the upper boundary of this pattern, at around $0.73.

If APE can break through this resistance, around $0.80, the coin could extend its upward momentum, with the next target heading towards $1.15 – a price level based on technical indicators. However, investors should be cautious, as any rally could encounter psychological resistance at $1, where traders may opt to take profits, causing some volatility in the price.

Current technical indicators support this bullish trend. The RSI index on the daily chart is at 60, higher than the neutral level of 50, and continues to rise, indicating that bullish momentum is gradually strengthening. At the same time, the MACD indicator is also approaching a bullish crossover, which will provide a strong buy signal if successful.

However, if APE cannot break through this resistance level and gets rejected, it may prolong the downtrend and find support at the 50-day EMA, around the $0.61 level.

![])https://img.gateio.im/social/moments-3246ede04ab26972a19874242612e59a(APE 1-day price chart | Source: TradingView## Cronos )CRO(: A symmetrical triangle pattern is forming

The Cronos price )CRO( currently trading in a symmetrical triangle pattern, formed by connecting the highs and lows with two converging trend lines, which lasted from late January to early June. This pattern is often seen as a signal for consolidation, with the possibility of a strong breakout when breaking important thresholds. At the time of writing on Wednesday, the CRO price is hovering around $0.102.

If CRO can break the upper trendline and close above the weekly resistance at $0.108, it will create an opportunity for the coin to continue its upward momentum, with technical targets towards $0.171. This target is determined by measuring the distance between the highs and lows of the first swing, which is then added to the breakout point. However, traders may also consider taking profits sooner, around $0.136, if this rally goes quickly.

The RSI on the daily chart is currently at 55, above the neutral level of 50, indicating a slight bullish momentum and the accumulation of positive momentum. The MACD indicator has also generated a bullish crossover last weekend, providing a buy signal and reinforcing this bullish trend.

![])https://img.gateio.im/social/moments-c93428547f09ce742479e73acd89d934(CRO price chart 1 day | Source: TradingViewHowever, if CRO encounters rejection and cannot maintain the upward momentum, the price may continue to adjust and find support at the 50-day EMA, around the $0.096 level. This support may be a buying opportunity for long-term investors if the downtrend is not too deep.

Overall, both AAVE, APE, and CRO are showing positive technical signals, indicating the potential for strong bullish trends in the near future. However, as with all trades in the cryptocurrency market, investors need to closely monitor market developments and have a reasonable risk management strategy to optimize profits.

Lilly