Over the past week, a handful of altcoins broke away from the market consolidation, delivering strong gains as sentiment turned positive. With tensions easing in the US-China trade war and the Federal Reserve opting to keep interest rates unchanged, the crypto market rebounded sharply. Bitcoin’s surge past the key $100K milestone fueled renewed momentum in the altcoin market. In the coming week, Dogwifhat, Pepe, and BNB might aim for new highs if BTC price maintains current momentum.
Bitcoin is getting close to its all-time high from January. As the economy settles down and tensions around U.S. tariffs ease, altcoins are starting to benefit from Bitcoin’s rise. Bitcoin’s market dominance has also jumped, now sitting around 63.3%.
Over the past few days, many altcoins have gone up more than 20%, and some meme coins have done even better. All of this suggests we could be heading into a new bull run as early as next week.
Buyers managed to keep WIF price above immediate support levels as the price continues to hold its momentum above $0.8. As of writing, WIF price traders at $0.8632, surging over 19% in the last 24 hours.
Sellers will likely try to block further gains at the $0.91 level, but if buyers manage to break through, WIF price could aim for a surge toward $1.4.
On the other hand, if it drops below the 23.6% Fib level and then dips slightly but holds steady at EMA20 trend line at $0.735, that would be a good sign. It could make $0.0.735 a strong support level and the downtrend might be over.
However, if the price drops sharply from $0.735 and reaches $0.7 zone, WIF price might stay stuck in a sideways trading range for a while longer.
Pepe price bounced off its 50-day moving average but it is struggling to surpass $0.000014. As of writing, Pepe price trades at $0.00001313, surging over 7.6% in a day.
The 20-day moving average is starting to rise, and the RSI is in positive territory, which gives the advantage to buyers. If the price stays above the neckline of the pattern at $0.000014, Pepe could climb toward $0.000015.
If sellers want to stop this upward move, they’ll need to push the price back below the 50-day moving average. If that happens, Pepe could fall to $0.0000115 or even $0.00001.
BNB made a bearish decline after failing to meet buying demand around $680. Currently, the price trades at $655, surging over 3.3% in the last 24 hours.
The $680 has been a strong resistance for BNB. If buyers push the price above that level, we might see a surge toward $700 resistance zone.
Sellers are running out of time. To stop the upward trend, they’ll need to hold the line at $644 and push the price back down below the moving averages. If they manage that, BNB could drop to $610.
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