- A new crypto bull run may be starting as Iran war fades.
- Some of the best crypto to buy are HYPE, Pepe, and Ethereum.
- These tokens have a combination of solid fundamentals and technicals.
The crypto market has done well this month, with Bitcoin and most altcoins being in the green. Bitcoin has remained stuck at $75,000, while the top altcoins like RaveDAO, Celestia, Polkadot, and Bonk have jumped by double digits. This article explores some of the best crypto to buy as the Iran war fears fade.
Crypto Market is Rallying as Investors Embrace a Risk-On Sentiment
The main reason why the crypto market is soaring is that investors have embraced a risk-on sentiment, as investors remain optimistic that the US-Iran war is ending.
This also explains why the stock market is soaring, with the S&P 500 and Nasdaq 100 indices hitting all-time highs. It also explains why crude oil prices have dropped sharply in the past few days.
The end of the war may bring animal spirits to the market, which will be bullish for crypto. Some of the best cryptos to buy to take advantage of this bull run are Pepe Coin (PEPE), Hyperliquid (HYPE), and Ethereum (ETH).
READ MORE: Nebius Stock May Soar 50% as C&H Forms Amid Relentless Growth
Pepe Coin Will Benefit From a Meme Coin Comeback
Meme coins tend to be the top beneficiaries of crypto market bull runs. In this case, Pepe will be the top beneficiary of this trend because of its low price, as it plunged to a low of $0.0000040, and its popularity.
A look at the daily chart shows that the token has established a solid base at $0.000003168, where it has failed to fall below on several occasions this year. That is a sign that short sellers are afraid of placing bearish trades below this price.
Therefore, the token will likely have a strong bullish breakout in the coming days, initially to the psychological level at $0.0000050. A drop below the key support level at $0.000003168 will invalidate the bullish outlook.
HYPE Price Has Strong Technicals and Fundamentals
Hyperliquid is a top crypto to buy because it combines technicals and fundamentals. Its top fundamentals are the growing volume on its platform, soaring fees, rising burn rate, the upcoming prediction market launch, and the HYPE ETF launches.
Technicals suggest that the token has formed a series of higher highs and higher lows. It has recently moved above the key resistance level at $43.6245, invalidating the double-top pattern. It remains above all moving averages and is nearing the 61.8% Fibonacci Retracement level.
Therefore, the token will likely continue rising as bulls target the next key target at $60, its highest level last year.
Ethereum Price Has Formed an Inverted Head-and-Shoulders Pattern
ETH is another top crypto to buy because of its solid fundamentals, including its growth in areas like stablecoins and real-world asset (RWA) tokenization. It is also planning to launch several upgrades this year, including Glamsterdam and Hegota.
These updates will make the network faster, introduce stealth addresses, enable parallel processing, and increase gas limits.
The token has also formed an inverted head-and-shoulders pattern on the weekly chart.
It has already formed the head, right and left shoulders, and the neckline. It has now started rising from the right shoulder, suggesting it may keep rising in the near term.
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