Release: 2024/10/25 14:14 Reading: 721
October 25, 2024 at 10:10 AM GST
Updated: October 24, 2024 at 06:05 PM
2 mins read
Market Analysis: Altcoins poised for rallies as Bitcoin gears up
The Standard Chartered Bank's prediction of a new ATH for Bitcoin has sparked optimism in the crypto market. Several altcoins are showing signs of potential rallies.
Avalanche (AVAX): Consolidation signals a comeback
Avalanche has been a strong performer in the DeFi market. Despite a recent decline to $20, it remains a contender. It currently trades between $27.86 and $28.89. Resistance at $28.59 has emerged, but signs of a rebound are evident.
Tron (TRX): Resilience in price consolidation
Tron has had an impressive year, climbing over 75%. It recently experienced a price lag, trading between $0.1572 and $0.1633. However, it has demonstrated resilience, rebounding from lower levels.
Pepe Coin (PEPE): Ready for a breakout?
Pepe Coin has gained attention recently, with a 3.38% price increase over the past week. It has surged 28.26% in the last month and 49.18% over the last six months. It currently trades between $0.000008724 and $0.00001072. A breakthrough resistance level could push it higher.
Standard Chartered's bullish prediction for Bitcoin suggests exciting times for the crypto market. Avalanche, Tron, and Pepe Coin are altcoins to watch for potential rallies.
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