Last week, the crypto market experienced a violent shock, with more than $2 billion in funds evaporating and most altcoins falling sharply. However, as major investors buy on dips, the market may usher in a new round of recovery. BNB and PEPE may become the focus next week, leading the altcoin rebound.
As Bitcoin pulls back, will altcoins get a chance to catch their breath?
Currently, Bitcoin accounts for 61.6% of the market. If Bitcoin falls below $100,000, it may prompt funds to flow into altcoins and promote an overall rebound. If BTC stabilizes and pulls back, the activity of the altcoin track may increase, driving funds to flow back to popular assets such as BNB and PEPE.
BNB Trend Analysis: Impact on $620, breakout could see $660
BNB price rebounded from a bottom last week, breaking through $600 and currently maintaining around $613, with a daily increase of 5%. From a technical perspective:
RSI shows strong buying demand remains, and there may be a short-term test of the $620 resistance level.
If it breaks through $620, it may further impact the $640-$660 range.
If it faces resistance and falls back, the $590-$600 area will become key support, potentially leading to repeated fluctuations.
PEPE Trend Analysis: Key resistance at $0.00001; a breakout may lead to an explosion.
Pepe has not yet formed a strong breakout against the backdrop of market recovery, but it has stabilized and is attempting to break through the $0.00001 mark. Current price is $0.00009569, with a 24-hour increase of 2.6%.
$0.00001 remains a key resistance level; once broken, it could target $0.000015.
If it fails to break through, bears may apply further pressure, with short-term support focusing on $0.000008.
RSI remains around 45, and it may first test the breakout situation at $0.00001 in the short term.
Is the altcoin season coming?
If BTC continues to adjust, market attention will shift back to the altcoin track, with BNB and PEPE as hot assets likely to strengthen first. Next week's market still needs to focus on BTC trends, capital flows, and key resistance level breakthroughs.
Which altcoin do you favor? Can BNB and PEPE lead the rebound? Share your thoughts in the comments!
