Altcoins Surge 20% as Bitcoin Nears All-Time High

Over the past week, several altcoins have broken away from the market consolidation, delivering strong gains as sentiment turned positive. This shift was driven by easing tensions in the US-China trade war and the Federal Reserve's decision to keep interest rates unchanged, which led to a sharp rebound in the crypto market. Bitcoin's surge past the key $100K milestone fueled renewed momentum in the altcoin market. In the coming week, Dogwifhat, Pepe, and BNB might aim for new highs if the BTC price maintains its current momentum.

Bitcoin is nearing its all-time high from January. As the economy stabilizes and tensions around U.S. tariffs ease, altcoins are starting to benefit from Bitcoin’s rise. Bitcoin’s market dominance has also increased, now sitting around 63.3%. Over the past few days, many altcoins have surged more than 20%, and some meme coins have performed even better. This suggests that a new bull run could be on the horizon as early as next week.

Dogwifhat (WIF) has managed to keep its price above immediate support levels, continuing to hold its momentum above $0.8. As of the latest update, the WIF price is trading at $0.8632, surging over 19% in the last 24 hours. Sellers will likely try to block further gains at the $0.91 level, but if buyers manage to break through, the WIF price could aim for a surge toward $1.4. On the other hand, if the price drops below the 23.6% Fib level and then dips slightly but holds steady at the EMA20 trend line at $0.735, that would be a good sign. It could make $0.735 a strong support level and the downtrend might be over. However, if the price drops sharply from $0.735 and reaches the $0.7 zone, the WIF price might stay stuck in a sideways trading range for a while longer.

Pepe price bounced off its 50-day moving average but is struggling to surpass $0.000014. As of the latest update, the Pepe price is trading at $0.00001313, surging over 7.6% in a day. The 20-day moving average is starting to rise, and the RSI is in positive territory, which gives the advantage to buyers. If the price stays above the neckline of the pattern at $0.000014, Pepe could climb toward $0.000015. If sellers want to stop this upward move, they’ll need to push the price back below the 50-day moving average. If that happens, Pepe could fall to $0.0000115 or even $0.00001.

Binance Coin (BNB) made a bearish decline after failing to meet buying demand around $680. Currently, the price is trading at $655, surging over 3.3% in the last 24 hours. The $680 has been a strong resistance for BNB. If buyers push the price above that level, we might see a surge toward the $700 resistance zone. Sellers are running out of time. To stop the upward trend, they’ll need to hold the line at $644 and push the price back down below the moving averages. If they manage that, BNB could drop to $610.