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Crypto Price Analysis: The crypto market began March with increased volatility, as the <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin price</a> rally paused at $64,000. The overhead supply has also affected altcoins and shifted their price trajectory sideways. However, this post-rally consolidation will benefit the market buyers to regain strength and prolong the current recovery trend.
As per a recent highlight by the crypto analytics firm Santiment, altcoins have experienced remarkable gains over the past week, with the momentum continuing through the weekend, signaling a robust altseason. Among the standout performers are meme coins such as PEPE, which surged by an impressive 225%, and SHIB, recording a 126% increase, captivating the attention of meme coin enthusiasts.&nbsp;
Additionally, AI-focused projects like AR and FET have also made significant strides, with gains of 100% and 76% respectively. This trend underscores the growing investor interest in both meme coins and AI-driven blockchain projects, indicating a diverse investment landscape within the crypto domain.
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> have seen historic gains over the past week, and <a href="https://twitter.com/hashtag/altseason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#altseason</a> hasn't slowed down this weekend. Notables like <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> (+225%) and <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> (+126%) have intrigued <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#memecoin</a> traders. Keep an eye on <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AI</a> projects like <a href="https://twitter.com/search?q=%24AR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AR</a> (+100%) and <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FET</a> (+76%) as well. <a href="https://t.co/L6yx09Robp" rel="noopener noreferrer nofollow">https://t.co/L6yx09Robp</a> <a href="https://t.co/T9jInG0iHQ" rel="noopener noreferrer nofollow">pic.twitter.com/T9jInG0iHQ</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1764073388124066220?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 2, 2024</a>
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Also Read: <a href="https://coingape.com/markets/3-under-1-bargain-altcoins-to-turn-10-into-100-in-march/" rel="noopener noreferrer nofollow">3 Under $1 Bargain Altcoins To Turn $10 Into $100 In March</a>
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<h2 id="b-is-bitcoin-price-leading-to-70000-in-march-b">Is Bitcoin Price Leading to $70000 in March?</h2>
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The leading cryptocurrency <a href="https://coingape.com/bitcoin-news-coinbase-clo-paul-grewal-lauds-doe-swift-rectification-in-eia-case/" rel="noopener noreferrer nofollow">Bitcoin</a> has been aggressively bullish since late January when the price rebounded from $38640. The positive upswing surged the coin’s value by 60% within six weeks to reach the current trading price of $61796.
A key contributor to the rally could be the substantial capital inflow into spot <a href="https://coingape.com/blog/approximately-7-8m-bitcoins-have-been-lost-can-they-be-recovered/" rel="noopener noreferrer nofollow">BTC</a> ETFs and the formation of cup and handle patterns as per the technical chart.
A recent tweet by the analytics firm IntoTheBlock has highlighted a notable trend in the Bitcoin market, drawing attention to the significant accumulation of BTC by large-scale investors. According to IntoTheBlock, there has been a consistent increase in Bitcoin holdings in wallets that contain over 1,000 BTC since January.&nbsp;
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 The total Bitcoin held in addresses with over 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> has been increasing since January and the growth shows a strong correlation with price movement. <a href="https://t.co/MBrNGNVoLv" rel="noopener noreferrer nofollow">pic.twitter.com/MBrNGNVoLv</a>
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1763942674610995597?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 2, 2024</a>
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This accumulation pattern not only suggests heightened activity among Bitcoin ‘whales’ but also indicates sustainable growth as the metric walks in tandem with the asset’s price movements.
Currently trading at $61787, the Bitcoin price witnessed overhead supply at $64000.&nbsp; This selling pressure could trigger a minor pullback to $59800 support, providing buyers suitable support to $70000 mark.
<h2 id="strong-dogecoin-breakout-points-to-potential-uptrend-toward-0-18-strong">Dogecoin Breakout Points to Potential Uptrend Toward $0.18</h2>
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This week saw a significant surge in meme cryptocurrency markets, with top tokens such as <a href="https://coingape.com/dogecoin-whales-shift-276m-doge-sparking-speculation-1-rally-hits-a-wall/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, Shiba Inu (SHIB), and Pepe Coin (PEPE) leading a robust rally. Dogecoin, the largest meme coins by market cap, experienced a dramatic rise, soaring from $0.084 to $0.134, marking a substantial 61% growth.
In a notable development during this uptrend, the <a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow">Dogecoin price</a> action broke through a long-standing resistance line, forming part of a symmetrical triangle pattern that has been in play for nearly two years. This breakout suggests a pivotal shift in market sentiment and could herald more significant changes ahead.
Despite a slight retracement with an intraday dip of 4.55%, <a href="https://coingape.com/markets/dogecoin-price-prediction-doge-exits-22-months-accumulation/" rel="noopener noreferrer nofollow">DOGE</a> managed to stabilize at around $0.125. If the market can maintain this level, it could set the stage for further recovery, potentially propelling the price toward the $0.18 mark.
Also Read: <a href="https://coingape.com/blog/who-let-the-dogs-out-what-dog-themed-meme-coins-are-rallying/" rel="noopener noreferrer nofollow">Who Let the Dogs Out? What Dog-Themed Meme Coins are Rallying?</a>
<h2 id="b-bullish-rounding-bottom-pattern-hints-arweave-price-rally-to-42-b">Bullish ‘Rounding Bottom’ Pattern Hints Arweave Price Rally to $42</h2>
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 Arweave Price| Tradingview
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In the recent bullish wave that swept through the cryptocurrency market in February, AI-focused tokens emerged as some of the biggest winners. AR, the native cryptocurrency of a decentralized storage network Arweave witnessed a notable uptrend within a month, as the price surged from $7.7 to $30, registering 291%.
The daily chart reveals that this impressive climb was supported by the formation of a ’rounding bottom’ pattern, a classic technical indicator that often signals the end of a downtrend and the beginning of an upward trajectory.
The <a href="https://coingape.com/price/arweave/" rel="noopener noreferrer nofollow">Arweave price</a> has solidified its position above the significant $25 mark, achieving an intraday rise of 12.5%. This pattern suggests a sustained bullish momentum that could potentially drive AR’s value towards the targets of $42 and, subsequently, $53, as buyer interest continues to intensify.
The post <a href="https://coingape.com/markets/btc-doge-ar-price-analysis-crypto-market-hit-post-rally/" rel="noopener noreferrer nofollow">BTC, DOGE, AR Price Analysis As Crypto Market Hit By Post-Rally Consolidation</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

BTC, DOGE, AR Price Analysis As Crypto Market Hit By Post-Rally Consolidation

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