🔥 Market Rebound: Altcoins Show Technical Strength Despite BTC Weakness
While Bitcoin remains under pressure below the $108K resistance, several altcoins are showing surprising strength, posting technical rebounds driven by oversold conditions and momentum recovery.
---
🔹 $LDO is up 6.8% to $0.92, testing a short-term recovery phase. Despite trading below the 20-day MA at $1.04, mixed technical indicators suggest that liquidity staking demand could soon stabilize the price.
🔹 $HBAR gained 8.4%, reaching $0.18 in a technically driven rally. Traders are eyeing a potential breakout above resistance, even as the news cycle remains quiet.
🔹 $WIF climbed 7.6% to $0.55, signaling early reversal signs from oversold levels. However, upcoming resistance zones will determine whether the bounce can hold momentum.
🔹 $PEPE recovered 7% after a 40% monthly drop, forming a falling wedge pattern that often precedes bullish reversals — coinciding with Bitcoin’s stabilization.
🔹 $ALGO bounced 6.4% to $0.19, outperforming the broader market as oversold conditions triggered a relief rally.
🔹 $INJ rose 5.7% to $8.84, with RSI showing a potential rebound from oversold areas. However, price action remains under key moving averages, hinting at fragile sentiment.
🔹 $CRV advanced 8.4% to $0.57, testing a crucial pivot point. A breakout above resistance could mark a shift in short-term market structure.
🔹 $FLOKI added 6.8%, showing strong technical momentum amid broader market recovery signs.
🔹 $DOGE is consolidating near local lows, with $0.194 standing out as the breakout or short-covering trigger to watch.
---
📊 Summary:
This rebound highlights altcoin resilience amid Bitcoin’s stagnation. Traders should monitor whether these short-term relief rallies evolve into sustained reversals — or fade under macro pressure.
