BTC breaks through a resistance level: which under-the-radar altcoins may pump next? 🚀📈
When BTC breaks through key resistance levels, it's common for certain altcoins to follow suit and show similar price movements. Here are some examples of altcoins that pumped after BTC broke through major resistance levels in the past:
1. Chainlink (LINK)
- When BTC broke through the 20,000 level: As BTC crossed20,000, Chainlink (LINK) followed with a nearly 30% surge. 📈
- Why?: Chainlink provides decentralized oracle services for smart contracts, which drew attention as BTC's rise encouraged greater interest in altcoins.
2. Tezos (XTZ)
- When BTC broke through the 30,000 level: As BTC crossed30,000, Tezos (XTZ) surged by nearly 50% in the following days. 🚀
- Why?: Tezos offers a platform for decentralized applications (dApps) and smart contracts, which gained traction as BTC’s growth fueled more interest in altcoins.
3. Zilliqa (ZIL)
- When BTC broke through the 40,000 level: As BTC surpassed40,000, Zilliqa (ZIL) saw an impressive 60% rally in a short period. ⚡
4. Elrond (EGLD)
- When BTC broke through the 50,000 level: As BTC passed50,000, Elrond (EGLD) experienced a 45% surge in value. 💎
- Why?: Elrond offers a fast and scalable blockchain, making it attractive as an alternative to BTC during its upward trend.
5. Hedera Hashgraph (HBAR)
- When BTC crossed the 60,000 level: When BTC surpassed60,000, Hedera Hashgraph (HBAR) saw a 50% increase. 🌐
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Important Note:
While BTC’s price movements can often lead to parallel price movements in certain altcoins, it's crucial to remember that not all altcoins have the same correlation with BTC. Always conduct your own research and stay cautious while trading. Past performance does not guarantee future results. ⚠️
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YTD - This is not investment advice. Please do your own research before making any investment decisions. 📊
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