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According to Melker, BTC flipping the $28,600 mark into support will trigger an altcoin rally.
ETH, BNB, VET, ADA, and XRP are some of the altcoins
Ethereum (ETH)
The leading altcoin, ETH. At press time, ETH’s price is down 0.93% to trade at $1,870.46 according to CoinMarketCap. Despite the 24-hour loss, ETH’s weekly price performance remains in the green at +4.15%.
The weekly chart for ETH/USDT shows that the 9-week EMA has bullishly crossed above the 20-week EMA in the last 2 months. This suggests that ETH has entered into a medium-term bull cycle. In addition to this bullish cross between the two EMA lines, the weekly RSI for ETH is also flagging bullish with the weekly RSI line sloped positively toward the overbought territory.
Binance Coin (BNB)
Binance’s native token, BNB, was the next altcoin mentioned in the video. Binance has received its fair share of FUD in this bear cycle but was able to overcome all of the bearish sentiment and fear surrounding not only the exchange platform itself but also BNB. At press time, BNB is also down 0.55% over the last 24 hours, taking its price to $311.76.
Cardano (ADA)
ADA was also able to make its way onto the list. Similar to BNB and ETH, ADA’s price also printed a 24-hour loss according to CoinMarketCap. At press time, the price of ADA is down 1.95% and is trading at $0.3816. Fortunately, the altcoin’s weekly price performance remains in the green at +0.82%.
Polkadot (DOT)
DOT’s price was unable to overcome the sell pressure in the crypto market over the last 24 hours, and saw its price slip as well. Currently, The price of DOT is down 2.45% to trade at $6.21. This has brought down the altcoin’s weekly performance to +0.48%.
XRP (XRP)
Investors and traders have been bullish on XRP in the last few weeks with all of the recent developments in the ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC). XRP’s price is up 1.22% over the last 24 hours to trade at $0.5097 at press time.
Dogecoin (DOGE)
DOGE was also mentioned in the video as an altcoin to watch in the next altcoin market. DOGE’s price recently soared around 30% after Twitter changed its logo to DOGE’s icon. However, Twitter changed its logo back to its original Bluebird – causing DOGE’s price to drop 9.85% in the last 24 hours. As a result, DOGE’s price stands at $0.0829 at press time.
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ETH, BNB, VET, ADA, and XRP are some of the altcoins
Ethereum (ETH)
The leading altcoin, ETH. At press time, ETH’s price is down 0.93% to trade at $1,870.46 according to CoinMarketCap. Despite the 24-hour loss, ETH’s weekly price performance remains in the green at +4.15%.
The weekly chart for ETH/USDT shows that the 9-week EMA has bullishly crossed above the 20-week EMA in the last 2 months. This suggests that ETH has entered into a medium-term bull cycle. In addition to this bullish cross between the two EMA lines, the weekly RSI for ETH is also flagging bullish with the weekly RSI line sloped positively toward the overbought territory.
Binance Coin (BNB)
Binance’s native token, BNB, was the next altcoin mentioned in the video. Binance has received its fair share of FUD in this bear cycle but was able to overcome all of the bearish sentiment and fear surrounding not only the exchange platform itself but also BNB. At press time, BNB is also down 0.55% over the last 24 hours, taking its price to $311.76.
Cardano (ADA)
ADA was also able to make its way onto the list. Similar to BNB and ETH, ADA’s price also printed a 24-hour loss according to CoinMarketCap. At press time, the price of ADA is down 1.95% and is trading at $0.3816. Fortunately, the altcoin’s weekly price performance remains in the green at +0.82%.
Polkadot (DOT)
DOT’s price was unable to overcome the sell pressure in the crypto market over the last 24 hours, and saw its price slip as well. Currently, The price of DOT is down 2.45% to trade at $6.21. This has brought down the altcoin’s weekly performance to +0.48%.
XRP (XRP)
Investors and traders have been bullish on XRP in the last few weeks with all of the recent developments in the ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC). XRP’s price is up 1.22% over the last 24 hours to trade at $0.5097 at press time.
Dogecoin (DOGE)
DOGE was also mentioned in the video as an altcoin to watch in the next altcoin market. DOGE’s price recently soared around 30% after Twitter changed its logo to DOGE’s icon. However, Twitter changed its logo back to its original Bluebird – causing DOGE’s price to drop 9.85% in the last 24 hours. As a result, DOGE’s price stands at $0.0829 at press time.
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