The crypto markets remain under a bullish influence, but the star crypto, Bitcoin, remains in a narrow range. Bitcoin’s dominance has witnessed a small dip in recent days. After reaching highs of around 52%, dominance drops sharply by 1.36% and is currently hovering at 50.94%.
The dominance previously took a similar action and experienced a small pullback. If history repeats itself, post-pull altcoins could be triggered for a massive uptick. However, after some time, the dominance may resume its upward trajectory, marking highs above 58%, according to a popular analyst, stretches capital.
With Bitcoin’s dominance experiencing a slight downturn, some of the altcoins appear to be at the foot of a massive explosion. One of these is the PEPE coin, which has seen a huge uptick in the past few hours, jumping more than 20%. The price is currently testing one of the crucial areas, and a clear breakout above the levels could trigger a bullish breakout.
According to a popular analyst Altcoin Sherpa, the PEPE coin, which trades at 0.6 FIB levels, is closer to testing the next FIB levels at 0.5 FIB levels. The PEPE price is on a massive uptick, testing the same levels where it experienced rejection a few times before. With the price trading near the neckline of the cup and handle pattern, a bullish breakout appears to be imminent.
Another altcoin on the cusp of a massive uptick is Solana, which is closer to testing some crucial levels. The SOL price is approaching one of the crucial resistance levels, and a breakout past these levels could trigger a bullish reversal. But according to one analyst Crypto Edgethe price may face a consolidation before the reversal.
Collectively, the altcoins are gearing up and trying to secure levels above the crucial resistance. Once done, these altcoins could trigger a huge uptick, which could push the price higher in the coming days.
