Altlayer

BounceBit

Date: Sat, Dec 14, 2024, 07:59 AM GMTThe cryptocurrency market has been on a bullish rally since Donald Trump&#39;s victory in the U.S. elections on November 5. Bitcoin (BTC) has surged by 12% over the last 30 days, hitting an all-time high of $103,900. This momentum has trickled down to <a href="https://coinsprobe.com/xrp-regains-momentum-following-whales-accumulation-whats-ahead/" rel="noopener noreferrer nofollow">altcoins</a>, with the BTC dominance declining to 55.15% from its recent high of 61.53%.Following the momentum, Bouncebit (BB) and Altlayer (ALT), which have rallied over 53% and 47% respectively in last 30 days, now approaching critical resistance levels.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/71c0e38ba7334c7da108f4aeed64f185.png" />Source: Coinmarketcap<h3 id="bouncebit-bb">Bouncebit (BB):</h3>Bouncebit (BB) has been one of the standout performers in the past month, posting a remarkable 55% gain. Starting from $0.33, it climbed to a recent high of $0.54 and is now trading at $0.51. The current resistance zone between $0.50 and $0.57 has become a critical test for the token.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5f355cacab40467ca7fed1efac382f8d.png" />A breakout above $0.57 could unlock significant upside potential, with the next major resistance levels at $0.80 and $0.88. If BB manages to push through, this would represent a possible 52% rally from its current position.The RSI is trending near 69, indicating bullish momentum with the price approaching the overbought zone. This suggests potential upward continuation, but caution is needed as the market could face resistance soon.<h3 id="altlayer-alt">Altlayer (ALT):</h3>Similarly, Altlayer (ALT) has surged by over 45% in the last month, moving from $0.12 to a peak of $0.21 before settling around $0.17. It is now trading within a resistance range of $0.16 to $0.21, a pivotal area that could determine its next direction.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/383456b233c34010ae4801e7ba4679d1.png" />If ALT clears the $0.21 barrier, it faces a significant resistance level at $0.3772. Breaking through this would open the door to a potential 80% upside.The RSI is around 59, indicating moderate bullish momentum. This leaves room for further price growth without immediately entering the overbought zone.<h3 id="what-s-next">What’s Next?</h3>Both Bouncebit (BB) and Altlayer (ALT) are exhibiting strong bullish patterns, and their proximity to key resistance levels puts them at a critical juncture. With Bitcoin’s dominance slipping, the spotlight has shifted to altcoins, making these tokens potential candidates for significant gains if they manage to break past their respective barriers.Traders should monitor these resistance levels closely and look for clear breakout signals, as failure to surpass them could lead to temporary corrections. As always, caution and thorough research are advised, especially in the volatile crypto market.Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/blur-blur-and-bounce-token-auction-confirm-retests-after-major-breakouts-whats-next/" rel="noopener noreferrer nofollow">Blur (BLUR) and Bounce Token (AUCTION) Confirm Retests After Major Breakouts: What’s Next?</a>

Bouncebit (BB) and Altlayer (ALT) Approach Key Resistance Post-Monthly Rally: What's Ahead?

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