As the price of Bitcoin remains stagnant, altcoins are gaining momentum and capturing attention. BNB and PEPE show potential for next Alt season and stands out among the crowd with signs of a potential rapid surge.
While macroeconomic conditions are gradually improving, investors must exercise caution, considering that unfavorable data could trigger a sudden sell-off in the crypto ecosystem.
Related post: Polygon (MATIC) is Expected to Break Resistance Next Week
As Bitcoin remains in a consolidation phase, ranging between $31,200 and $29,700, investment capital appears to be shifting towards Alt coins. Consequently, certain altcoins have experienced significant surges and there are several other altcoins worth noting that display potential for an imminent rally.
BNB: Buy Signals Emerge
Binance Coin (BNB) has recently presented two buy signals. Firstly, the Wave Trend indicator exhibited a bullish crossover in the oversold region, and secondly, there was a bullish divergence with the RSI.
These buy signals, combined with the recent sell-off, provide favorable entry points for both investors and traders in the short-to-mid-term perspective.
Pepe: Potential for Price Ascendancy
The price of Pepe (PEPE) continues to consolidate below the resistance level of $0.00000164. A breakthrough above this barrier could trigger a 20% upward movement, testing the $0.00000195 threshold.
Both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) are approaching their respective mean levels at 50 and 0, which adds to the intrigue for potential buyers on the sidelines. However, the bullish outlook for PEPE’s price depends on the altcoin successfully surpassing the $0.00000164 barrier.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions in the crypto space.
