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- Bitcoin’s stability at $66,000 could drive interest in altcoins, pushing them to new highs.
- Pepe faces bearish pressure but could rebound if it stays above the 20-day EMA.
- Render and Bonk show bullish potential, with buyers aiming for new all-time highs this week.
Bitcoin’s price has stabilized slightly above the crucial support level of $66,000. Crypto traders remain confident in its strength. However, some traders are concerned about a potential correction due to a possible selloff around resistance levels. This scenario could shift interest to the altcoin market, potentially pushing several altcoins to new highs.
Pepe’s price faces increased bearish pressure following a selloff at its recent all-time high of $0.0000115. The price is now below the EMA20 trend line, signaling a potential trend change. Pepe currently trades at over $0.0000094, reflecting a decline of over 6% in the last 24 hours.
Buyers are attempting to maintain the price above the 20-day EMA at $0.00000958. If successful, the PEPE/USDT pair might climb back to $0.000011. A rally beyond this level could push the price toward a new all-time high.
Render’s price is also experiencing pressure from bears, struggling to stay above the 20-day EMA at $10. Despite this, Render holds strong buying demand above Fibonacci levels.
Currently, RNDR trades at over $10, having surged more than 6% in the last 24 hours. The 20-day EMA is rising, and the RSI is heading toward the overbought region. This suggests that RNDR might see bullish movement for several more days.
If buyers keep the price above the descending resistance line, the RNDR/USDT pair could move toward the 50-day SMA at $11. Surpassing this level could drive the price to new all-time highs this week.
Bonk has seen a significant increase, testing buyers’ patience. Despite the surge, bears remain strong around the $0.000028 mark. Currently, Bonk trades at $0.000028, marking a rise of over 12.5% in the last 24 hours. Buyers are working to hold the price above the 20-day EMA of $0.000026. If successful, the BONK/USDT pair could advance toward the 50-day SMA. Surpassing this level might lead to a rise towards a new all-time high of $0.000059.
The future of altcoins in the crypto industry looks promising. As technology advances and adoption increases, altcoins have the potential to thrive. Investors should stay informed and make strategic decisions to navigate the volatile market effectively.