Bullish Indicators Surge for Altcoins Amid Bitcoin's Recovery
November 28, 2024
Updated: November 28, 2024 at 02:08 PM
Bitcoin's price has stabilized around $95,000, following a correction phase. As Bitcoin continues to recover, altcoins are showing signs of a sustained bullish wave.
Altcoins Soar as Bitcoin Rebounds
The crypto market has entered "Extreme Greed" territory, with a score of 75 on the Crypto Fear & Greed Index. Since Bitcoin's recent all-time high (ATH) of $99,655.50, altcoins have surged 200% or more in some cases.
Dogecoin (DOGE) stands out among the altcoins showing bullish momentum. DOGE has gained 146% in the past 30 days, reaching a price of $0.4. Its market capitalization is $59.39 billion, with a 24-hour trading volume of $7.12 billion.
DOGE Price Poised for Surge to $15-$20
Analysts predict that DOGE will continue its upward trajectory throughout 2025. In the first quarter of 2025, "altseason" is expected to bring multiple ATHs for various altcoins.
Several analysts agree that DOGE will follow a wave pattern on the macro chart, with a potential ATH between $15 and $20 during the peak of the current bull cycle.
Disclaimer:
Crypto News Land (CNL) is independent media and does not endorse any blockchain or cryptocurrency companies. The information provided in this article is for informational purposes only and should not be construed as financial advice.