Ethereum Is About to Challenge Its All-Time High: How Will Major Altcoins React?!

Ethereum Is About to Challenge Its All-Time High: How Will Major Altcoins React?!

Table of Contents

Ethereum’s momentum builds as it edges closer to its peak. With the ongoing bull run of 2024, major altcoins are poised for significant moves. The crypto market is buzzing with anticipation. How will altcoins react to Ethereum’s surge? Experts and investors are keeping a close watch on these developments. The coming days could bring big surprises. Get ready to explore the shifts and trends that may shape the market.

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Avalanche (AVAX) Price Overview: Downward Movement Continues

AVAX currently trades between $30.36 and $36.41. It faces resistance at $39.83 and support at $27.73. The 10-day and 100-day averages are similar, around $32.50. The RSI is low at 43.22, showing weaker buying strength. Stochastic is also low at 6.65. MACD points to a minor bearish trend. The coin has lost 12.02% in the past week and 18.90% in six months, indicating a corrective phase.

XRP Price Overview: A Look at Current Trends and Predictions

XRP is currently trading in the range of $0.4583 to $0.5354. Over the past week, it has dropped by 7.35%, and in the past month, it has declined by 3.48%. The six-month change shows a decrease of 20.75%. The Relative Strength Index (RSI) is 49.87, indicating a nearly neutral momentum. The MACD level is positive but small at 0.00014. The price appears to be in a corrective move rather than impulsive.

Polkadot (DOT) Price Overview and Prediction

Polkadot (DOT) is currently in a corrective phase, as evidenced by its decline of 10.74% over the past week and 2.85% over the past month. Its current price ranges between $5.92 and $7.23, with the nearest resistance level at $7.93 and support at $5.31. The RSI at 39.70 and Stochastic at 2.33 suggest an oversold condition. Based on the Simple Moving Averages, DOT is likely to remain in this range in the near term.

Chainlink (LINK) Price Overview: Ready for a Comeback or More Downside?

Chainlink (LINK) is currently trading between $15.06 and $18.02. LINK’s nearest support level is at $13.75, while the nearest resistance is at $19.66. The coin shows a 13% drop in the past week, but it has gained 15.42% in the last month and 8.09% over six months. The RSI is at 41.97, suggesting it’s not oversold. The MACD is negative at -0.02. LINK seems to be in a corrective phase.

Conclusion

AVAX, XRP, DOT, and LINK may have less potential in the short term. Attention is turning to CYBRO, an earn marketplace using the Blast blockchain’s native yield possibilities. CYBRO’s first release is set for Q2 2024. Early investors have the chance to join the CYBRO token presale on favorable terms.

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

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https://cryptodaily.co.uk/2024/06/ethereum-is-about-to-challenge-its-all-time-high-how-will-major-altcoins-react

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