Is the bull market over? Bitcoin crashes! The top 5 hot altcoins to watch may rise up to 100 times!!
SEI
Sei is another altcoin with strong potential, recently fluctuating between $0.51 and $0.69, with a 22.80% increase over the past week. Over the past month, SEI has performed exceptionally well, with an increase of 68.08%. SEI's technical formation is very healthy, having broken through multiple important resistance levels, and is currently at the starting point of an upward trend. Particularly after breaking through $0.6292, SEI's upward target is expected to reach $0.65 or even higher.
Additionally, Sei also shows strong fundamental support. Its market confidence is stable, and breaking through the current resistance level may trigger a new round of significant rebounds. If SEI can break through the current technical level, the price may continue to rise. For investors looking to enter the cryptocurrency market, Sei is a potential stock worth watching.
ICP
Internet Computer, as a long-attended project, has also shown remarkable performance recently. The rise of Bitcoin has driven the sentiment of the entire market, with ICP following closely behind, rising 11.63% in the past 24 hours and reaching a weekly increase of 36.48%. ICP successfully broke through the upper resistance trend line of a descending triangle pattern, showing strong bullish signals. If ICP can break through the key resistance area of $10.20 to $10.90, it is expected to welcome a new wave of upward movement, with $13 and $14 being the next important target ranges.
The DFINITY Foundation behind ICP recently released its ecosystem report for 2024, further boosting market confidence in it. The report mentions that the progress of the ICP platform in cross-chain technology is particularly noteworthy, with the activity of the Chain Fusion protocol increasing by 1230% over the past year. This technological advancement provides strong support for ICP's future growth.
DOGE
Dogecoin is currently priced at $0.42, down 3% in the past 24 hours. The continuous fluctuation in Dogecoin's price is due to Bitcoin's price volatility. Over the past two days, the king of cryptocurrencies has slightly declined and is stabilizing at $98,000 at the time of writing.
However, due to its close relationship with Tesla CEO Elon Musk, Doge is destined to receive high attention. Now that Musk is ready to take over the DOGE sector, this acronym suggests a price surge for Doge, which could last a long time if the market supports it.
PEPE
PEPE has risen 93.5% in the past 14 days and formed a symmetrical triangle, indicating a potential continuation or reversal. Consolidation above the Point of Control (PoC) indicates strong buyer interest. As it approaches the apex of the triangle, expectations for a breakout are growing stronger, and a closing price above that point may lead to a 30% price increase.
TON
Cryptocurrency enthusiasts are paying attention to Toncoin because it seems ready for a possible rebound. Although Toncoin's price is still relatively cheap compared to the best-performing currencies in the market, recent market and technical trends suggest that this currency may be more valuable than initially thought. As of the time of writing, Toncoin's price hovers around $6.13, showing a continued rebound from recent lows.
This makes more upward momentum possible. Although explosive returns on quality assets are unlikely, Toncoin still has the potential to generate considerable returns. If market sentiment continues to improve, breaking through $6.50 may pave the way for testing the $7.00 resistance level, with the possibility of further growth.
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