Bitcoin's momentum is shaking up the crypto market once again—this time driven by the explosive growth of a Bitcoin ETF that has now surpassed $72 billion in assets. As institutional money flows into BTC, altcoins are drawing fresh attention from investors looking to capitalize on the spillover effect. In this article, we analyze five altcoins—Solana, Internet Computer (ICP), Arbitrum, Algorand, and Sonic—that may be poised to follow Bitcoin’s upward trajectory and deliver solid gains in the near future.
Source: tradingview
Solana's price hovers between $141 and $164, showing signs of indecision. Bulls appear cautious, with prices not breaking past the $175 resistance. Current sentiment suggests that Solana could rally if it surpasses the resistance. Reaching $175 would mark an approximate increase of over ten percent from the lower end of its current range. Meanwhile, a dip below $130 may trigger further sell-offs. While the 10-day moving average remains above the current price, a stronger bullish sign would be needed for significant growth. Solana's price fell by nearly 27 percent over the past six months, but recent weeks hint at recovery with almost a 7 percent upswing, showing potential for bounce-backs.
Internet Computer (ICP) finds itself between cautious optimism and bearish pressure, with its price fluctuating between a bit above $5 and nearly $6. Recent activity shows a modest bump, about a little more than 15% up this week, but over the last six months, it's seen a steep drop by over half. With its current state, the bulls seem weak, unable to push past the resistance at slightly over $6. A rise to above $7 seems unlikely unless there's a strong bullish rally. Support holds at a bit less than $4.50, but a drop towards the mid $3 range could happen if the bears strengthen.
Arbitrum's price currently hovers between $0.32 and $0.37, showing a mixed picture. The bulls face challenges as the coin struggles below its previous moving averages, indicating a lack of strong upward momentum. However, the Relative Strength Index, sitting above mid-60s, hints that buying interest is growing, and it has room to rise. If ARB overcomes the nearest resistance of just over $0.40, it could potentially reach about 22% higher, reaching the mid-$0.45 range. But, with a six-month drop of roughly 60%, a cautious eye remains on the downside. The bears seem weak for now, but bulls need more push to sustain a comeback.
Algorand's current price hovers between eighteen and twenty cents. Bulls seem weak, struggling to push past the twenty-two-cent mark, which stands as the nearest resistance. The bears appear slightly managed, but a slip towards the sixteen-cent support is possible. If bulls gain strength, breaking past the twenty-two-cent resistance could open a path to the second resistance at twenty-four cents, translating to a potential gain of around twenty percent. Recent trends show slight weekly growth but a concerning monthly dip, hinting cautious optimism. The RSI and moving averages indicate some buyers, yet growth challenges remain, leaving the coin's future balancing between promise and risk.
Sonic (S) is in a tight spot, priced between thirty-five and forty-two cents. Bulls seem weak, and bears have been holding ground lately. Over the past month, the coin slid over thirty percent, reflecting a challenging period. The current price hovers close to its short-term moving average, suggesting a steady but sluggish trend. Key resistance at forty-six cents seems far off as it needs a lift of about ten percent. However, if momentum swings up, reaching fifty-three cents isn’t unthinkable, marking a potential rise of over twenty percent from current levels. For now, Sonic faces an uphill battle to regain its footing amidst uncertain market moves.
While Bitcoin's $72B ETF milestone captures headlines, the real opportunity may lie in carefully selected altcoins riding its bullish coattails. From Solana's near-breakout potential to Arbitrum's strengthening RSI and Sonic’s recovery prospects, each altcoin offers a unique setup for growth. As market sentiment leans optimistic, these five projects stand out as strong candidates to benefit from the ongoing crypto resurgence—making now a critical moment to watch their next moves closely.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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