The Cryptomarkt is starting to become more mainstream, especially after the new Genius Act was adopted last week. Bitcoin helped to push Bitcoin to push at an even higher levels of dominance, which means that most of the money is currently flows in Bitcoin instead of Altcoins. But while investors are starting to buy during the Altcoin dip, popular altcoins such as XRP, Sui and Pudgy Penguins can be on schedule to touch new all time in the coming week.
Bitcoin -Dathinance can limit altcoins
The dominance of Bitcoin has grown a lot in recent weeks and now more than 60% of them are floating. As a result, many altcoins have seen their prices fall. If this trend continues, even more money can go to Bitcoin, which can put pressure on Altcoins. Nevertheless, top altcoins such as XRP, Sui and Pengu were able to break out and the coming week will touch new all time.
XRP -Price analysis
Recently, XRP hit almost all time above $ 3.60, but the performance was quickly overshadowed by large outskirts of a wallet linked to Ripple co-founder Chris Larsen. Investors are confronted with new warnings for becoming “exit liquidity” after Ripple has moved co-founder Chris Larsen 50 million tokens to exchange. He still has around $ 9 billion to sell.
If concern about XRP falls, the XRP price can try to re -test its resistance at $ 3.6. From writing, XRP price acts at $ 3.4 and increases more than 5.5%in the last 24 hours.
The RSI level is currently increasing, on its way to the center line. If buying the question continues and XRP breaks above $ 3.6, this can be a new ATH next week. However, a failure to hold on to the 4-hour graph above the EMA20 trend line can, however, fall the open interest, eliminating the hope of a new ATH.
Sui -price analysis
Sui rose above the resistance of $ 4.2 and the bulls have successfully maintained the price above the breakout level. That suggests that the buyers try to put the level of $ 4.2 into support. At the time of writing, Sui acts at $ 4.3 and increases more than 13%in the last 24 hours.
If the price above immediate FIB levels breaks, the SUI/USDT -PAAR can continue the upward trend. As a result, Sui price can reach its previous ATH of $ 5.35.
Although the trend remains, the overbough level on the RSI increases the risk of correction or consolidation in the short term. If the price falls and closes below $ 4, the couple can tumble to the 20-day EMA.
Pudgy Penguins Price Analysis
Pengu Price is currently stuck in a heavy fight between buyers and sellers around $ 0.045. If the price drops and closes below the EMA20 level, sellers can push it to $ 0.036.
But if the price strongly bounces from $ 0.046, it would show that buyers buy at resistance levels. In that case they will probably try again to break the rising resistance line at $ 0.051. If they succeed, Pengu Price can rise to a new ATH next week.