Test (TST) has increased by 11.21% in the last 24 hours, driven by a rebound after an oversold period, Bitcoin's bullish momentum, and a possible rotation towards altcoins.

Technical rebound: An oversold RSI and a bullish divergence in the MACD indicated a reversal.

Bitcoin rally: The 3.46% progress of BTC over the week has strengthened positive sentiment towards altcoins.

Market dynamics: The decline in Bitcoin's dominance suggests a rotation towards altcoins.

Detailed analysis

1. Technical context

The increase in TST over 24 hours relies on favorable technical signals:

The 14 RSI has risen from 30.54 (near oversold zone) to a neutral value, indicating short-term buying pressure.

The MACD histogram has turned positive (+0.000585), showing an increase in bullish momentum.

The price has rebounded from the support zone between $0.036 and $0.042, with the Fibonacci retracement levels (23.6% at $0.060) now serving as upward targets.

Volume surged by 143% in 24 hours to reach $56 million, confirming traders' commitment, even though significant resistance is at the 50-day moving average (SMA) around $0.0583.

2. Market dynamics

The 3.46% rise in Bitcoin over a week, reaching $107,641 (U.Today), has improved risk appetite, while Bitcoin's dominance has slightly declined from 64.38% to 63.88% after an annual peak. Analysts note that a drop below 62% could trigger a marked rise in altcoins (NewsBTC), creating a favorable context for TST's recovery.

3. Volatility and sentiment

As a memecoin, TST is very sensitive to changes in market sentiment. The Fear & Greed index from CoinMarketCap has shifted from 'Greed' (61) to 'Neutral' (54) in June 2025, suggesting that traders are rebalancing their portfolios towards riskier assets following Bitcoin's rally.

Conclusion

The rebound of TST reflects a technical movement bolstered by optimism related to Bitcoin and a change in capital flows. Could the bullish momentum of altcoins push TST towards its 50-day moving average ($0.0583), or will the inherent volatility of memecoins remain the dominant factor?