With the price of Bitcoin adding over 12.73% to its portfolio this week, the crypto market has started stabilizing, indicating increased price action within the crypto space. Moreover, top BTC-influenced altcoins have displayed a similar trend and experienced a massive price surge within a short period.
With the increasingly bullish sentiment in the cryptocurrency market, are you planning on investing in Bitcoin-based altcoins but are confused about their future price prospects?
Scroll down as, in this article, we have covered the top 3 altcoins that are highly influenced by the price of Bitcoin and are poised to record a massive uptrend in their respective valuations during the upcoming bull market rally.
The Ordi price has displayed a strong bullish recovery by recording a jump of 3.46% within the past 24 hours. Moreover, with a positive trading week, the ORDI crypto has surged approximately 22%, resulting in it successfully retesting its crucial support trendline.
The technical indicator, MACD, has displayed a rising green histogram with its averages recording a bullish convergence. This indicates an increase in the bullish action for the Ordi coin price in the cryptocurrency market.
If the market continues to gain momentum, the ORDI price will prepare to retest its $50 mark this month. Conversely, a bearish action could result in this BRC-20 token retesting its crucial support level.
Amid increased price volatility in the crypto market, the BCH price has jumped over 2% within the past day with a trading volume of $272.396 Million. Furthermore, 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 displayed a significant bullish rise in their respective charts and are headed toward their upper range. This highlights a constant rise in the bullish sentiment for the BCH price in the crypto market.
If the market continues to trade under a bullish sentiment, the Bitcoin Cash price will head toward its upper resistance of $525.5 this month. However, a bearish reversal could pull the BCH coin price toward its low of $300.
With the rising bullish sentiment in the crypto space, the SATS price has jumped approximately 5% over the past day and has skyrocketed 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 listed at the 138th spot in the global crypto list.
The Relative Strength Index (RSI) has recorded a sharp bearish curve above the neutral point. Whereas, the SMA indicator continues recording a bullish action. This highlights a mixed-price sentiment for the SATS crypto in the coming time.
If the bulls surpass their important resistance level of $0.0000002535, the STAS price will prepare to test its upper resistance level of $0.0000003845. Negatively, if the bears regain momentum, this altcoin will plunge toward its crucial support of $0.0000001225.
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