#AltcoinBreakout As altcoin breaks are happening, with several cryptocurrencies showing promising signs. Here are some notable ones:
- *Stellar (XLM)*: XLM has risen nearly 60% in the past week, trading around $0.47. Veteran trader Peter Brandt highlighted the XLM chart as promising, citing an inverted head and shoulders pattern on the monthly chart. A break above $1 is crucial, with potential higher targets.
- *Ethereum (ETH)*: ETH is expected to break soon, with forecasts of reaching $4,000 and potentially $6,000-$7,000 in this cycle. About 30% of all ETH is locked, which may contribute to the upward momentum.
- *Avalanche (AVAX)*: AVAX surged nearly 90% recently. If it drops to around $20, it could be a strong buying opportunity.
- *Sui (SUI)*: SUI has been moving quickly, and as long as it stays above $3.40, it is worth gradually accumulating.
- *Pepe (PEPE)*: PEPE has broken out of consolidation and is targeting a price of $0.00002.