Bitcoin returned above $ 100,000 and recently reached a summit of $ 105,000. This strong increase may have been helped by the softening of trade tensions and possible transactions between the United States and China. With Bitcoin who is now pressure for a new record of all time (ATH) this month, some altcoins also show great potential for big gains. In this article, we will examine what altcoins could possibly jump 10x after Bitcoin struck a new ATH.
The next Bitcoin ATH pushes Altcoin Dominance
The Altcoin market has acquired a strong increase in domination after the recent Bitcoin rally over $ 100,000. Last week, the Fed announced no drop in rate, aligning market expectations. The federal reserve said it was open to reducing interest rates, as inflation is not a great concern at the moment. With slowed inflation and the economy remaining stable, this more relaxed position of the Fed stimulated the market.
Read also: Altcoins Watch: Pi Coin breaks a sequence of 2 months, Moo Deng advances 540%!
Bitcoin has jumped around 21% in the last 30 days and is only 5.5% below its top of all time. While Bitcoin approaches its top of all time, he prepares the path for several altcoins to potentially increase by 10 times this month.
PI price analysis
Pi Coin has been on a solid bullish rally in recent days, because it has recorded more than 112% in the last 7 days. Buyers are now faced with a lower decline after being rejected above $ 1,667. During the editorial staff, Pi Price is negotiated at $ 1.1, increasing more than 3% in the last 24 hours.
The bears actively dominate the price table, targeting a rally less than $ 1. However, buyers defend themselves strongly while the Pi Coin price faces the accumulation around the recent decrease. If buyers can maintain the price above the EMA20 trend line, the PI / USDT pair could take momentum and reach $ 1.66 again. Sellers will probably try to stop the rally there, but if the Bulls lose, the price could increase to $ 2.
The recent net drop pushed the RSI under the neutral region at level 45, which could mean a short -term withdrawal or a lateral movement. In order for the upward trend to continue, the bulls must defend the level of $ 1.
However, a drop below $ 1 could consolidate the price of the PI part in the initial escape area from $ 0.8 to $ 0.6.
PEPE PRICE Analysis
Pepe Price increased exponentially after the $ 100,000 rally in Bitcoin. Pepe saw a solid gathering from SMA of 50 days almost $ 0.000012, but it has trouble exceeding $ 0,0000,15. Currently, Pepe Price is negotiated at $ 0.0000138, which has increased by more than 4.4% in the last 24 hours.
The RSI level oscillates under the neutral region, suggesting that sellers control. If the price drops to $ 0.000013 and find the support, it would signal force and could cause a rally to $ 0.0000154 and possibly $ 0.000017.
On the other hand, if the sellers continue to maintain the lower price in the EMA20 level, PEPE could target a retest of the zone of $ 0.0000125.
Dogwifhat price analysis (WIF)
WIF Price faces a lower correction after failing to exceed $ 1.32. During the editorial staff, WIF is negotiated at $ 1.18, increasing more than 33% in the last 24 hours.
As the price has rebounded on the EMA20 level, it shows a strong purchase interest and could skyrocket the momentum greater than $ 1.4. But a decrease below the 20 -day EMA) could trap the WIF price in a large range between $ 0.9 and $ 0.74.
