With the cryptocurrency market reclaiming the $2 trillion market cap with a 3.18% gain, top tokens broke through their key resistance levels. Notably, with Bitcoin reclaiming the $57k mark, altcoins from the Artificial Intelligence (AI) and Meme categories posted the highest gains.
With this, investors are curious about the next move of the market. Moreover, questions like âWill Bitcoin hit a new ATH this year?â and âWhen will Altseason Kickstart?â have appeared on the internet.
Therefore, in this article, we have covered the top 3 altcoins that have the potential to dominate the crypto market in the upcoming bull market.
Price $FTM has increased by 14.28% in the past day with a trading volume of $190.233 million. With this, it has surpassed the important support level of $0.390. With a market capitalization of $1.376 billion, this altcoin has secured the 50th position in the global cryptocurrency market cap list.
If the market strengthens further, the FTM coin price could head towards the overhead resistance at $0.840 in the coming weeks. Conversely, a bearish reversal could drag the price towards the low of $0.390.
Amidst the bullish recovery, FET price has increased by 14.48% in the past day with a trading volume of $268.79 million, a change of 90.23%. Moreover, it has increased by ~50% in the past 30 days. This shows a long-term positive influence for AI tokens in the market.
The Relative Strength Index (RSI) has successfully retested its neutral point on the FET price chart. This has resulted in it recording a sharp increase towards the overbought range. Moreover, the SMA is also trending the price in a similar direction, indicating a positive outlook in the near term.
A bullish breakout could push the price to $2. However, if bears regain momentum, the altcoin could retest the key low at $0.50.
Bitten Sensor ($TAO )
With a 9.98% increase in the past day, Bittensor price has reclaimed the $2 billion market cap mark. Moreover, it has increased by more than 470% year-to-date, making it the top token on this list. In terms of capitalization, it has now secured the 39th position.
The technical indicators MACD and SMA have recorded bullish action on their respective price charts. This highlights the increase in buying and selling pressure in the cryptocurrency market.
If the market continues to trade in bullish sentiment, TAO price is poised to test the overhead resistance at $437.5 this month. However, if the bears regain momentum, the price could retest the low at $212.
This is not investment advice, this is useful information!!!
