Altcoin
Best Altcoins to Accumulate as Bitcoin Price Starts New Rally!
The cryptocurrency market has registered a new rally in the last few hours, following growing speculation on the Ethereum ETF. Furthermore, the market leader, Bitcoin pricesuccessfully recovered the $72,000 mark, resulting in major tokens registering bullish price movement.
Are you curious about which altcoin will outperform in the coming times? Or are you confused about which altcoin to stack before the Bullrun?
Let’s take a deeper look as, in this article, we have covered the top five altcoins that have the potential to post significant gains as the Bitcoin price has started a new bullish rally.
Pepper (PEPE):
The Pepe token recorded a jump of 17.85% in the last day, making it the best gainer among the top memecoins in the last day. Positively, the Price PEPPER recorded a trading volume of $2.26 billion (+182.03%). Furthermore, it is up 754% this year and is within 5% of its all-time high.
TradingView: PEPE/USDT
The technical indicator, MACD, shows a steady green histogram on the 1D time frame, indicating a stronger bullish influence in the crypto space. Furthermore, the Cross 50/200 day EMA supports the price chart, indicating strength in the cryptocurrency market.
If the bulls continue to gain momentum, Pepe price will prepare to test the $0.0000120 mark by surpassing its previous all-time high. Conversely, a bearish trend reversal could push the price towards its support of $0.00000785 in the coming weeks.
PUPPIES (ORDINALS) (PUPPIES):
Powered by the Ordinals BRC-20 contract, PUPS (ORDINALS) first appeared in the cryptocurrency market in March 2024 following the growing hype of Bitcoin and BRC-20-based tokens.
TradingView: PUPS/USDT
Despite witnessing a correction of 58.67% in the last 30 days, PUPS price has regained momentum and gained around 10% in the last day and 32.90% in the last seven days, indicating an increase in bullish influence for Ordinals tokens over the last 30 days. cryptographic space.
If the bulls regain momentum, the PUPS token will prepare to test its $21.50 resistance level this month. However, weak bullish sentiment could lead the altcoin to retest its $13.50 support level in the coming times.
Bow Lock (ABT):
Built on the Ethereum chain with the intention of simplifying the process of implementing and designing decentralized blockchain applications, the Arcblock token has shown significant price action since the beginning of the year.
Furthermore, it is a solution that combines blockchain technology with cloud computing. Its native token “ABT” is an ERC-20 token that works as a payment in the Arcblock ecosystem.
TradingView: ABT/USDT
On the positive side, ABT price increased by 9.89% in the last day and 103.67% in the last 30 days. Furthermore, it has a year-to-date (YTD) return of 2,004.80%, highlighting a strong bullish outlook for this Artificial Intelligence (AI) token during the upcoming bull rally.
If the market continues to gain momentum, the bulls will prepare to test its $5.50 upper resistance level by next month-end. However, if a trend reversal occurs, Arcblock price will plummet towards the lower support level of $2.95 in the coming times.
Arttrade (ATR):
Built on the Solana contract, Artrade made its first appearance on the cryptocurrency market in April 2022. An all-in-one art platform secured by blockchain technology, it is the first Real World Assets (RWA) marketplace.
Aiming to help creators sell their work at a fair price with the right connection and within the community, the ATR token is the native token of the Artrade system.
TradingView: ATR/USDT
With a trading price of $0.02734 and a market capitalization of $42.34 million, the price of ATR has increased by 2,123% this year alone, making it one of the best-performing tokens in its respective category.
If the market sustains the price above the $0.02625 support level, the bulls will prepare to reach the $0.03550 upper resistance level in the coming weeks. On the downside, a trend reversal could push the price towards the crucial $0.02175 level this month.
Bitcoin Cash (BCH):
THE BCH price followed in the footsteps of the market leader and saw similar price action. The Bitcoin Cash (BCH) token is heavily influenced by the price of BTC, which is why it is known to register similar price sentiment.
TradingView: BCH/USDT
The MACD shows a steady increase in the 1D time frame with its averages showing a bullish pattern, indicating an increase in excessive buying pressure in the cryptocurrency market.
If the market pushes the price above the $529 level, the bulls would prepare to test its upper high of $650 in the coming time. Conversely, a bearish setback could lead the price to test the $447 low.
Conclusion:
With the price of Bitcoin (BTC) reaching $72,000 and speculation rising over the Securities And Exchange Commission (SEC) approval of the Ethereum ETF, the cryptocurrency market has seen a new bullish rally, indicating a positive outlook for the coming period.
Investing in cryptocurrencies is highly risky as uncertainty in the cryptocurrency industry has reached a new high. Be sure to “DYOR” before investing in any digital asset.
Note: This article is not subject to financial advice and has been written for research purposes only. Furthermore, the tokens selected for this article are chosen based on their historical market and social sentiments and are not subject to promotion in any way.