Top altcoins to buy: Since early December, the cryptocurrency market has seen increased volatility, with Bitcoin pausing its recovery at around $44,500. This has led to sideways movement in many altcoins. The US Federal Reserve’s decision to keep interest rates unchanged at 5.25%-5.50% could maintain trader optimism.
The potential approval of the first Bitcoin spot exchange-traded funds (ETFs) in January 2024 is viewed as an opportunity to recuperate the exhausted bullish momentum before the next leap.
Thus, this pullback can offer a lucrative dip opportunity to accumulate one’s favorite tokens.
Bonk Pumps Again After Binance Support
The dog-themed crypto on Solana has been having a spectacular week. Bonk’s initially broke out on December 12 after Coinbase announced its integration. A couple of days later, Binance, the largest crypto exchange by trading volume added support for Bonk as a tradeable asset, increasing exposure to investors and traders.
By the press time, Bonk is up 4% to trade at $0.0000247, bringing the cumulative one-week gain to 60%, 81.5% in a fortnight, and 654% in 30 days. Its market cap soared to $1.8 billion, boosting Bonk into the top fifty largest digital assets.
The Relative Strength Index (RSI) insists that Bonk is heavily overbought but since FOMO is driving the rally, the meme coin could sustain the uptrend over the weekend, especially if the price discovery resistance at $0.000034 breaks. On the downside, traders can look out for support at $0.00001, reinforced by the 20-day EMA (in blue) and the local support at $0.000007, as highlighted by the 50-day EMA (red).
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Internet Computer Price Prediction: Can Blast Through $8 Resistance
Investors continue to scoop up Internet Computer as the price rallies, currently trading at $9.187 The Relative Strength Index (RSI), although overbought affirms the bullish grip.
With a 27% intraday jump, the ICP price gave a decisive breakout from the Feb 23′ high of $8.2. This breakout backed by a huge uptick in the volume reflects the buyers’ conviction to prolong the recovery trend. The post-breakout rally could chase potential targets of $9.8, followed by $11.4, and $15.
A recently formed bullish crossover is helping to keep Internet Computer steady. The 50-day EMA (in red) crossover with the 200-day EMA (purple) reinforces the bullish thesis.
