Weekly Crypto Analysis: Altcoins See Impressive Growth and Sustain Steady Rally
Cryptocurrencies have been on a remarkable surge recently, and many altcoins are making significant gains, signaling the start of a bull market. Several coins have not only recovered from previous declines but have also achieved new highs.
Bitcoin SV (BSV) has demonstrated a strong uptrend, surpassing the resistance level of $56. Despite trading below $100 at the moment, if this resistance is broken, BSV’s bullish momentum could drive it to hit $100.
Sei (SEI) is another altcoin that has been performing exceptionally well. After breaking through the $0.27 resistance, it is predicted to rise further, potentially reaching $0.74. With the current price of SEI/USD at $0.54, it has established itself as the second-best performing cryptocurrency.
Mina (MINA) is in an upward correction after experiencing a dip. It surged to $1.50, faced resistance at $0.97, and then traded sideways below $1.00 before finally breaking through on December 23. However, its rise has currently stalled at $1.50, and buyers need to push it to $3.50 for a full recovery.
ORDI (ORDI) encountered a hurdle at $26 before breaking through and climbing to a high of $83. While the uptrend has temporarily plateaued around $90, further obstacles are unlikely, and ORDI is expected to continue rising.
Tellor (TRB) has entered a bull market after surpassing resistance at $120. Currently trading at $244.20, it has the potential to sustain its upward trajectory without facing significant resistance. Tellor is currently the fifth most profitable cryptocurrency.
It’s important to note that this analysis and forecast represent the personal opinions of the author and should not be taken as financial advice. Readers are advised to conduct their own research before making any investment decisions.