Dogecoin & BNB Surge as BTC and ETH Hit Monthly Highs — Could Altcoins Lead the Next Leg Up?
Dogecoin and BNB are making significant moves as Bitcoin and Ethereum reach new monthly peaks. This could signal a bigger shift in the crypto market. Is this the moment where altcoins take the lead? Readers will discover which digital currencies are poised for growth and might shape the next phase of the crypto surge.
Dogecoin Stays Hot, Eyes Next Big Move
Source: tradingview
Dogecoin is currently priced between twenty-one and twenty-four cents. The coin has shown strong growth, jumping by nearly forty percent in just a week. It's been climbing for the past six months, soaring over seventy-eight percent. For Dogecoin to keep this momentum, it needs to break the twenty-five cent mark, its nearest hurdle. If it manages to surpass this, it could aim for a rise towards twenty-seven cents, which would be an extra ten percent boost. However, if the price drops, the coin might find support at twenty cents. Dogecoin's recent performance suggests it might still have room to grow, but it faces challenges along the way.
BNB Price on the Rise: Eyeing New Heights?
Source: tradingview
BNB is trading between around $850 and $900, showing a significant upward trend. It's moving steadily, gaining over 10% in the past week and more than 55% in the last six months. The next resistance level is close to $910, and if BNB breaks through, it could aim for near $960. This potential rise suggests a growth of about 7% to 12% beyond the nearest barrier. With strong support near $820, BNB enjoys a positive outlook, bolstered by increasing momentum. This trend hints at even higher targets in the future if current patterns hold.
Conclusion
The recent rise in BTC and ETH has sparked interest in altcoins like Dogecoin and BNB. Both DOGE and BNB have shown strong potential during the current market surge. Their growth may indicate a broader move in the cryptocurrency market. If BTC and ETH continue to perform well, DOGE and BNB could lead the way for other altcoins. This momentum suggests that the market is ripe for further gains across various coins. The performance of these altcoins will be crucial in determining the next trends in the crypto space.
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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