Altcoins
Top Altcoins To Accumulate As Bitcoin Hints At New Rally!
With the price of Bitcoin By adding over 12.73% to its portfolio this week, the cryptocurrency market has started to stabilize, indicating an increase in prices in the cryptocurrency space. Moreover, major BTC-influenced altcoins have shown a similar trend and have seen a massive increase in prices in a short period of time.
With the increasingly bullish sentiment in the cryptocurrency market, are you considering investing in Bitcoin-based altcoins but confused about their future price prospects?
Scroll down because in this article, we have covered the top 3 altcoins that are heavily influenced by Bitcoin price and are poised to see a massive uptrend in their respective valuations during the next bull market rally.
Computer (COMPUTER):
THE Computer Price has posted a strong bullish recovery by registering a jump of 3.46% in the last 24 hours. Moreover, with a positive trading week, the ORDI cryptocurrency has surged by around 22%, which has allowed it to successfully retest its crucial support trendline.
The technical indicator, MACD, has displayed an ascending green histogram with its averages registering a bullish convergence. This indicates an increase in bullish action for the Price of the Ordi part in the cryptocurrency market.
If the market continues to gain momentum, ORDI price will be gearing up to retest its $50 mark this month. Conversely, bearish action could lead this BRC-20 token to retest its crucial support level.
Bitcoin Cash (BCH):
In a context of increased price volatility in the cryptocurrency market, BCH Price has surged over 2% in the past day with a trading volume of $272.396 million. Additionally, the altcoin has surged 23.82% over 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 a significant bullish rise in their respective charts and are heading towards their upper range. This highlights a steady increase in bullish sentiment for the BCH price in the cryptocurrency market.
If the market continues to evolve in a bullish climate, the Bitcoin Cash Price BCH price is expected to head towards its upper resistance of $525.5 this month. However, a bearish reversal could pull BCH price towards its low of $300.
SAT (1000SAT):
With bullish sentiment rising in the crypto space, SATS price has surged by around 5% over the past day and has skyrocketed by 31.59% this week. This highlights a strong bullish reversal for the altcoin in the crypto space.
Moreover, with a circulating supply of 2.1 trillion SATS tokens and a market cap of $435.22 million, this crypto is currently ranked 138th in the global cryptocurrency list.
The Relative Strength Index (RSI) has registered a strong bearish curve above the neutral point. On the other hand, the SMA indicator continues to register bullish action. This highlights a mixed price sentiment for the SATS crypto in the times ahead.
If the bulls break above 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 plunge towards its crucial support of $0.0000001225.