Which Altcoins To Stack As Bitcoin Price Hits $100k?

Story Highlights

• Ethereum price surges 6.13%, retesting the $3.9k level.
• Gary Gensler confirms resignation, Ripple (XRP) price surpasses the $2.3 mark.
• Dogecoin records increased bullish momentum, aiming to retest $0.50.

Is It a Good Time to Accumulate Altcoins?

With Bitcoin achieving a new milestone of $100,000, cryptocurrency market volatility has reached unprecedented levels. The altcoin market has witnessed a surge in interest, with top altcoins displaying mixed price sentiment.

Short-Term Possibilities of Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE)

Ethereum (ETH)

• ETH price has jumped 7.84% in 24 hours, retesting its $3,900 level.
• The EMA 50/200-day has formed a bullish Golden Cross, indicating a positive outlook.
• RSI is approaching the overbought zone, suggesting an increase in buying pressure.
• If the bullish momentum continues, ETH could reach its resistance level of $4.5k. However, a bearish reversal could lead to a retest of the support trendline at $3,200.

Ripple (XRP)

• XRP price has reclaimed the $2.34 mark, with a weekly surge of ~62%.
• Gary Gensler's resignation as SEC chair has boosted XRP's sentiment.
• The MACD histogram shows a constant green signal, indicating strong buying pressure.
• XRP could push towards its upper resistance level of $3.00, or it could plunge towards its lower support level of $2.00 if a bearish reversal occurs.

Dogecoin (DOGE)

• DOGE has maintained its bullish rally, adding 4.21% in 24 hours.
• The RSI indicator remains above the overbought range, indicating potential for further value gains.
• If the bullish momentum persists, DOGE could breach $0.44 and retest its high of $0.50.
• If bears regain control, DOGE could fall towards its support level of $0.325.