While Bitcoin (BTC) has experienced a great increase in value by reaching historical peaks, the expected developments in the altcoin market have not yet been fully realized. While Bitcoin's increasing market dominance has caused investors to direct their attention to BTC, this situation restricts the liquidity flow to altcoins. As a result, many altcoins are either stagnating or experiencing small declines. However, some altcoins are showing remarkable increases parallel to Bitcoin during this period.
Bonk Coin,$BONK
It is making a name for itself with the gains it has made in the recent uptrend. It is recording new highs by rising above the $0.00004796 level and is currently at $0.00006085. Investors continue to monitor the $0.00005164 and previous highs for a possible pullback in the short term.
In contrast, Avalanche (AVAX)$AVAX
The price is not showing any significant movement at the moment. Unless it gains support at $38, a strong recovery is not expected. AVAX is currently trading far from its 2024 highs and will need to break the resistance at $50 to rally.
Solana (SOL) Coin stands out as one of the altcoins that has weakened against Bitcoin. However, it has approached the $ 250 level and has blinked at its old peaks. Currently facing intense resistance around $ 236, SOL seems to have the potential to make a new peak in the $ 300-500 range when it escapes Bitcoin’s pressure.
CEEK Coin is offering short-term investors profit opportunities by making upper wicks above the $0.04 level. However, in the long term, CEEK Coin is observed to have a risky appearance, which requires investors to be careful.
Overall, while BTC’s strong rally continues, the vast majority of altcoins have yet to make the expected gains. Still, some exceptional altcoins continue to offer various opportunities by showing different performances in the market.