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The post <a href="https://coinpedia.org/price-analysis/major-altcoins-poised-for-5x-10x-surge-once-bitcoin-hits-new-ath/" rel="noopener noreferrer nofollow">Major Altcoins Poised for 5x-10x Surge Once Bitcoin Hits New ATH!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
After recording a new ATH, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a> recorded a significant correction in valuation, resulting in top altcoins following in their footsteps and displaying a similar trend. With the increased market volatility, the crypto industry continues to display a significant fluctuation in the chart.
In this article, we have covered the top altcoins that have the potential to record a massive surge in their respective portfolios once the market leader, Bitcoin, claims a new all-time high (ATH).
<h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE):</h2>
The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" rel="noopener noreferrer nofollow">DOGE price</a> traded in a closed range between $0.0562 and $0.0793 for a brief period, following which the bulls successfully broke out of the resistance level. Dogecoin then displayed a neutral trend for three months, after which bulls regained momentum and displayed a positive trend.
The DOGE coin price then recorded a jump of approximately 127% before rejection close to $0.180. Since then, the price has been trading between $0.153 and $0.200.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/szz5yyvtyGJBm-MO1fGkCzG9AJ9q6pOUwRBwYSgc3UkLooSmu6JF0ZtHQ8ZXBXnK0HTHPiRYiAgFpNxPbtLOqq0QUBg0KWUOtrtUFCD1UALPlIt-F0RuNFx9VBd3hFaQlz2HZJ--XafTpy8KDH2_KMg" alt="Dogecoin Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: DOGE/USDT
 </figcaption>
</figure>
The technical indicator, MACD, displays a constant decline in the red histogram, indicating a decline in the selling pressure within the crypto market. Further, the averages show a bullish curve, suggesting a positive price action for the token in the coming time.
With the rise of Memecoins in the crypto industry, this token is expected to display a massive price action following the Bitcoin halving. If the bulls favor the market, the price will witness a potential surge this year. Conversely, a negative price action may pull the price toward its low of $0.0793.
<h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL):</h2>
The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">SOL price</a> traded between $17 and $31 for over three months, after which the bulls broke out of the range, where the altcoin displayed a neutral trend for over a month. The Solana token successfully concluded the year 2023 with a price tag of over $100.
The Solana token traded in a consolidated range between $97 and $136 for the first two months, during which it displayed significant fluctuations. Recently, the bulls regained momentum and successfully reclaimed the $200 mark. Since then, the price has displayed a neutral trend.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/fRXTWARiBqeFjGAQ9ziUQs9_SNarRwu7KAIZ97Oe6fYWQNexvx-MzOWP4-S4dUHmnn9M4eKONq5WEkvqf9iBMrBcJy5qmQyCvd1oy3zRW8ySUxUTUdAEFEJLxHd9GYvrcBO0cp6WA054ySo0R1pCuuk" alt="Solana Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SOL/USDT
 </figcaption>
</figure>
The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram, indicating a decline in the bullish influence. Further, the averages show a high possibility of a bearish convergence, suggesting a bear power in the market.
If the market holds the price above the support level of $170, the bulls will regain momentum and prepare to test a new ATH this year. However, a bearish trend reversal may result in the price recording its crucial lows.
<h2 class="wp-block-heading" id="h-shiba-inu-shib">Shiba Inu (SHIB):</h2>
The Shiba Inu price traded in a closed range between $0.00000672 and $0.0000116 for over seven months, following which the hype for memecoins skyrocketed, resulting in the SHIB price experiencing a massive jump in its respective portfolio.
The <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" rel="noopener noreferrer nofollow">SHIB coin price</a> jumped over 222% before facing rejection at the resistance level of $0.00003062, after which the price lost momentum and recorded a breakdown. Since then, the price has been trading in a closed range between $0.0000237 and $0.0000300.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/4be2QTESJnjs2JkdrJQSsD7yb6ETtPnTCKg26CpI7z3KkJVlp7S81lB7hX2POvF7QbUdbZtAWAsldKUE7GbVb_6Cl9oz4PoUj_BR319OScSDc5HXQstkJsjnfGPPmBIHf3j_WUbB9XbpLFZ0VBPfGxc" alt="Shiba Inu Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SHIB/USDT
 </figcaption>
</figure>
The MACD displays a constant decline in the chart, indicating decreased selling pressure within the crypto space. Moreover, the averages show a constant decline, suggesting uncertainty in the future price action of the coin.
If the hype for the memecoins regains traction, the Shiba Inu price will prepare to test a new high this year. Conversely, if the market sentiment fails to favor the bulls, the price will lose momentum and fall to test its yearly low.

Major Altcoins Poised for 5x-10x Surge Once Bitcoin Hits New ATH!

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