📈🔥 Bitcoin drives interest in HYPE, ETH, #XMR and #AAVE towards potential new highs.
The recent surge of Bitcoin (BTC) above $105,000 this weekend has generated great optimism among bulls, who expect the leading cryptocurrency to reach new all-time highs this week. This momentum is also igniting interest in several #altcoins that show strength in their charts.
#BTC is currently struggling to overcome the resistance of $105,820. If the bulls manage a close above this level, the next target is set at $109,588 and potentially at $130,000. However, a drop below $100,000 could indicate bearish control and push the price towards the 50-day moving average ($91,447).
Ether ($ETH ) has pulled back below the breakout level of $2,550, but bulls are trying to defend the lower levels. A close above $2,550 could propel ETH towards $2,739 and subsequently towards $3,000. Losing the support of $2,400 could lead to a correction towards the 20-day EMA ($2,275).
Hyperliquid ($HYPER ) faces resistance at $28.50, but the support at the 20-day EMA ($23.52) suggests buying interest. A breakout above $28.50 could catapult HYPE towards $35.73.
Monero (XMR) experienced a strong increase and is now looking to overcome the resistance of $353. A successful move could take it towards $391 and then to $422. Immediate support is at $331.
Aave ($AAVE ) finds resistance at $240, but support at the 20-day EMA ($206) indicates buying on dips. A close above $240 could initiate a move towards $280 and potentially $300.
What altcoin do you think will show the greatest bullish momentum if Bitcoin continues its trend? 🤔 Do you consider that we are on the brink of a new altcoin season?
