The cryptocurrency market continues to experience a robust bullish rally, with Bitcoin ($BTC ) reaching a new all-time high of $103,900, marking a 30% increase over the past 30 days. This surge has also fueled significant gains in altcoins, particularly gaming tokens like Xai ($XAI ) and Portal ($PORTAL ), which have risen by 65% and 83%, respectively, over the same period. Both tokens are now in the process of retesting key levels after successfully breaking through critical resistance zones.
Xai (XAI)
XAI has demonstrated impressive price movement, beginning its rally from a monthly low of $0.23. This upward momentum led to a breakout above its crucial resistance zone of $0.3710–$0.4321, pushing the price to a high of $0.44. Following the breakout, XAI is now retesting its previous resistance at $0.3759.
If XAI manages to hold this level as support and begins to reverse from here, its next major target is $0.92, representing a potential 114% upside from its current price of $0.44. This resistance zone will serve as a key indicator for the continuation of the bullish momentum.
Portal (PORTAL)
Similarly, PORTAL has mirrored XAI’s rally, rising from $0.30 to a high of $0.59 after breaking through its resistance zone of $0.45–$0.53. Like XAI, PORTAL is now undergoing a retest, currently trading at $0.5164 after a pullback from its recent highs.
If PORTAL successfully holds its current level and reverses direction, the next major resistance is positioned at $1.24, offering a potential 135% gain from the breakout level. A successful breach of this resistance could set the stage for further upside momentum.
Outlook and Expectations
Both XAI and PORTAL are at critical junctures in their respective price movements. Their ability to sustain and reverse from their breakout levels will be crucial in determining their short-term performance. Additionally, the decline in Bitcoin dominance, which has dropped to 56.02% from its recent peak of 61.53%, could provide further support for altcoins, potentially allowing for continued upward momentum in tokens like XAI and PORTAL.
As the market continues to evolve, investors will closely monitor these retests to gauge whether these assets can maintain their bullish trends and achieve new highs.