The crypto bull run is gaining momentum this week, with Bitcoin hovering at the key resistance level of $120,000. The market capitalization of all cryptocurrencies has surged to over $3.83 trillion, and this trend will likely continue.
Cheap Altcoins to Buy as the Crypto Bull Run Gains Steam
The crypto market bull run continued this week, and the odds that this trend will persist in the coming months are high. Additionally, data show that spot Bitcoin and Ethereum ETF inflows are gaining momentum.
This article identifies some of the best altcoins to buy as the bull run continues, including Bonk (BONK), Floki (FLOKI), and Aerodrome Finance (AERO).
Bonk (BONK)
The Bonk token price has jumped in the past few months, moving from a low of $0.0000087 in March to the current $0.000037. It has jumped above the 50% Fibonacci Retracement level at $0.000034.
Bonk price has moved above the critical resistance point at $0.00002590, its highest point on March 12. It has also formed a golden cross pattern, a popular bullish continuation sign.
The Average Directional Index (ADX) has jumped to 38, a sign that the momentum is continuing. Also, the Relative Strength Index (RSI) has moved to the overbought level.
Therefore, the path of least resistance is bullish, with the next target to watch being at $0.000050.
Aerodrome Finance (AERO)
Aerodrome Finance token has rebounded in the past few months. AERO price has soared from a low of $0.2700, its lowest point on April 7. The coin has formed an ascending channel and moved above the 23.6% retracement point at $0.7625.
AERO price is about to form a golden cross pattern, while the RSI has moved to nearly the overbought level. Therefore, AERO is a good crypto to buy as bulls target the 50% retracement point at $1.3062. This surge will accelerate after Coinbase incorporates Aerodrome into its apps.
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Floki (FLOKI)
Floki is one of the best altcoins to buy during the ongoing crypto bull run. It has jumped from a low of $0.0000462 in April to $0.00013. Floki has surged above the important resistance at $0.0001230, the highest swing on May 12, and is nearing the 38.2% retracement point.
Floki price has soared above the 50-day and 200-day moving averages, while the RSI has continued rising. Therefore, the token will continue to rise as bulls target the key resistance level at $0.00020.
Other Top Crypto Tokens to Buy
There are many other top altcoins to buy are Fartcoin, Pepe, Ethereum Name Service, Ethereum, and Jupiter.
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