• The bitcoin price rise has sparked significant bullish momentum in the crypto space, potentially leading to new highs in the coming days.
• Altcoins such as Cardano, Near Protocol, Polkadot, Ethereum, Dogecoin, etc. may experience significant gains if the Bitcoin price continues to rise during the week.
• Cardano (ADA) had remained mostly unaffected by the market sentiments that could have pushed its price above $0.5, but now appears to have gained some bullish momentum.
The recent rise in the Bitcoin price has been a key catalyst in inducing significant bullish momentum to the entire crypto space. This has spurred hope within the crypto market that new highs may be achieved in the coming days. Similarly, the altcoins have also been exhibiting potential to outpace the Bitcoin price rally and lead the top gainer’s list soon.
The Cardano price, in particular, had remained largely unaffected by the prevailing market sentiments that could have pushed its price above $0.5. However, the asset seems to have gained some bullish momentum recently, as the ADA price is testing the crucial 200-day MA levels. Unfortunately, the bears appear to have gained some control again, but if the bulls regain their strength, the ADA price may experience a significant upswing.
Other altcoins like Near Protocol, Polkadot, Ethereum, and Dogecoin also appear to have the potential to rise significantly in the coming days. Near Protocol has been showing signs of a breakout, with the price testing the $4.3 level. Similarly, Polkadot has been consolidating above the crucial $10.9 level, and if the bulls gain control, the price may test the $11.7 level soon. Ethereum is also showing signs of an uptrend, and if the bulls could maintain their strength, the ETH price may soon reach the $1,000 mark. Lastly, Dogecoin has been consolidating above the $0.0056 level, and may soon test the resistance at $0.0063.
Overall, the crypto market appears to be in the midst of a bull run, which could potentially lead to new highs in the coming days. Altcoins such as Cardano, Near Protocol, Polkadot, Ethereum, and Dogecoin may experience significant gains if the Bitcoin price continues to rise throughout the week.