Altcoins
Major Altcoins Pile Up as Bitcoin Hints at Fresh Rally!
With the price of Bitcoin Adding over 12.73% to its portfolio this week, the cryptocurrency market has started to stabilize, indicating an increase in price action within the cryptocurrency space. Also, major altcoins influenced by BTC have shown a similar trend and have experienced a price surge in a short period.
With the increasingly bullish sentiment in the cryptocurrency market, are you thinking of investing in Bitcoin-based altcoins but are confused about their future price prospects?
Scroll down because in this article we have covered the top 3 altcoins that are heavily influenced by the price of Bitcoin and are set to see a massive uptrend in their respective valuations during the upcoming bull market rally.
Orders (ORDERS):
THE Order Price has shown a strong bullish recovery by registering a 3.46% jump in the last 24 hours. Also, with a positive trading week, the ORDI cryptocurrency is up around 22%, resulting in a successful retest of its crucial support trend line.
The technical indicator, MACD, showed a rising green histogram with its averages registering a bullish convergence. This indicates an increase in bullish action for the Price of the coin Ordi in the cryptocurrency market.
If the market continues to gain momentum, ORDI price will prepare to retest its $50 level this month. Conversely, a bearish action could lead this BRC-20 token to retest its crucial support level.
Bitcoin Cash (BCH):
Amidst increasing price volatility in the cryptocurrency market, BCH Price has jumped over 2% in the past day with a trading volume of $272.396 million. Furthermore, the altcoin has jumped 23.82% in the past week and has rewarded its long-term investors with a YTD of +50.01%.
The technical indicators, RSI and MACD have both shown significant bullish upside on their respective charts and are heading towards their upper range. This highlights a steady increase in bullish sentiment for BCH price in the cryptocurrency market.
If the market continues to trade with a bullish sentiment, the Bitcoin Cash Price will head towards its upper resistance of $525.5 this month. However, a bearish reversal could push the BCH coin price towards its low of $300.
SAT (1000SAT):
With the growing bullish sentiment in the cryptocurrency space, SATS price has jumped around 5% in the past day and has surged 31.59% this week. This highlights a strong bullish reversal for the altcoin in the cryptocurrency space.
Furthermore, with a circulating supply of 2.1 trillion SATS tokens and a market capitalization of $435.22 million, this cryptocurrency is currently listed at 138th place in the global cryptocurrency ranking.
The Relative Strength Index (RSI) has recorded a sharp bearish curve above the neutral point. While the SMA indicator continues to record a bullish action. This highlights a mixed price sentiment for the SATS cryptocurrency in the near future.
If the bulls clear their important resistance level of $0.0000002535, STAS price will prepare to test its upper resistance level of $0.0000003845. On the negative side, if the bears regain momentum, this altcoin will plummet towards its crucial support of $0.0000001225.