These Altcoins Are Getting a Lot of Attention-Will They Outperform the Bitcoin Price Rally?
Altcoins are yet again displaying enough momentum, much required to stand strong during the times when Bitcoin prices are trembling down. While most of the assets experienced a notable pullback in the last few days, some of them maintained their strength and continued to consolidate within narrow regions. The altcoins like Aptos, Litecoin, and Shiba INU, along with XRP and BinanceCoin have swelled their volume massively.
The XRP price has been showing stability in its price, even when the market is fluctuating. It has not been significantly impacted by the recent price increase in Bitcoin. Currently, XRP’s price has dropped below a crucial $0.4 resistance level due to negative market sentiment, but the increase in trading volume by over 8% signals that the price may bounce back soon.
The Aptos price has been bullish since the beginning of the 2023 trade but has fallen into a deep bearish trend in the past few days. However, the bulls have managed to hold the levels above the important levels at $15 which may further offer a base to light up. Woefully, the trading volume has dropped compared to the previous day’s trade but the price is surging which may attract liquidity.
Aptos has had a positive price trend since early 2023, but it has gone down in recent days.
Litecoin rose out of the blues and marked yearly highs beyond $100 in the past few hours. While the bears are attempting to drag the prices lower, the accumulated bullish volume has offered a strong base for the bulls to prevent further loss.
In the meantime, the buying pressure continues to accumulate which may uplift the price beyond the bearish trap. Presently, the bulls are gaining dominance which may lead to a breach beyond $100 in the next few hours. Following the bullish pattern, the price may maintain a notable upswing ahead.
Shiba INU (SHIB)
Shiba Inu has gained immense attention in recent times by exploding by 25% during the past weekend. Presently, the bears appear to have extracted a large share of their profit due to which the SHIB prices have slid down heavily. Currently, they are holding around the crucial support zone that may compel the price to consolidate for a while, followed by a significant upswing in the future.