Recently, XRP's surge has been very strong, driving many older mainstream coins to rise as well. The main reason may be that the investors of these coins have gone through a large-scale 'washout', and now there are fewer remaining investors, making the market lighter and easier to rise. Currently, Bitcoin is testing the support level around 95,000, and according to the liquidation chart, the support around 95,000 is still quite strong. The pressure above is around 99,000. It is expected that when U.S. institutions start trading, the price is likely to rise. Therefore, there is no need to worry too much about the daytime pullback; it can be considered for layout at the dips.
From the perspective of Bitcoin's market capitalization share, the market may still have a little room for pullback, which means some altcoins still have upside potential.
XRP's recent surge has been truly remarkable, becoming the brightest among the old mainstream coins. Previously, due to being sued by the U.S. Securities and Exchange Commission, XRP did not perform well in the last bull market and basically 'developed quietly' for a long time. However, recently, it has finally welcomed a major breakout. Last month it surged from a low of $0.5 to nearly $2.5 today, increasing fivefold in just one month. It is worth noting that XRP's market capitalization is already significant, so whether it can continue to rise still depends on whether the main force has sufficiently washed out the chips. Once the chip distribution is good, it may continue to rise like a parabola. Once a large market capitalization coin starts to rise, it is often difficult to turn back down.
New bullish trend! Plan ahead for these 4 cryptocurrencies to seize the opportunity for a 100x surge!
OM
Mantra is one of the best tokens to buy and hold. Its staking yield is nearly 30%. It also has strong momentum, having surged over 11,400% from its January low.
On the daily chart below, the token has formed a descending wedge chart pattern. This pattern consists of two descending and converging trend lines. In most cases, it usually leads to a strong bullish breakout.
Mantra has also formed a bullish flag chart pattern, which consists of a vertical line followed by a consolidation line. Therefore, the price of Mantra is highly likely to see a strong bullish breakout and may quickly leap to $10.
ATOM
Cosmos is another popular cryptocurrency worth buying and holding. On the daily chart, it is about to form a golden cross, having completed a descending wedge pattern that lasted for several months a few weeks ago. The descending wedge consists of two converging trend lines and is a popular bullish reversal pattern.
As many altcoins are focusing on this year's peak, the price of ATOM could reach $14.51, about 70% higher than the current level. Cosmos also has a high yield, with a staking return of 20%.
DOT
Polkadot is another cryptocurrency worth buying because it has strong momentum and a staking yield of up to 11.82%. This yield means that an investor with $10,000 will earn about $1,100 annually.
Polkadot coin has also formed a golden cross pattern, with the 50-day and 200-day moving averages crossing each other. It is also slightly above the 61.8% Fibonacci retracement level.
The DOT price is trading at the weak, stop-loss, and reversal points of the Murrey Math lines. This means it has more room to reach a peak of $11.91, about 27% higher than the current level.
TIA
Celestia has a leading market share in the modular data industry, currently down 65% from its historical peak.
On the daily chart, the TIA token has just broken through after consolidating for the past few months. This indicates that Celestia is about to see a bullish breakout, potentially pushing it up to $12.46, the highest level on April 20, which is about 65% higher than the current level. Celestia's staking yield is at least 10%.
