Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoins-to-watch-next-week-bonk-apt-sui-prices-may-gain-as-bitcoin-loses-dominance/" rel="noopener noreferrer nofollow">Top Altcoins To Watch Next Week: BONK, APT, SUI Prices May Gain As Bitcoin Loses Dominance</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The approval of an ETF by the SEC appears to have triggered a “sell the news” scenario, as previously forecasted by various analysts. Consequently, the price of BTC is experiencing a significant decline. In contrast, altcoins remain relatively unaffected by this decline. A number of altcoins, including Bonk, Aptos, and Sui, are showing strong performance despite market liquidations. These altcoins are expected to maintain their upward momentum in the upcoming week.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-dominance-reaches-crucial-support-line">Bitcoin’s Dominance Reaches Crucial Support Line</h2>
<p>In the past 24 hours, the price of Bitcoin experienced a <a href="https://coinpedia.org/price-analysis/bitcoin-price-drop-below-43k-heres-what-next-for-btc-price/" rel="noopener noreferrer nofollow">significant liquidation</a>, amounting to $122 million. This occurred as its value dipped close to $41,500, triggered by a steep increase in sell-offs around the $46K mark. Despite this drop, the altcoin market remained relatively unaffected. Notably, the price of Ethereum (ETH) continued to hold above the $2,500 level.</p>
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<p>Bitcoin’s dominance in the market has seen a decrease, reaching a support level not seen in a month, currently at 51.1%. This decline in Bitcoin’s market dominance could be a contributing factor to the growing surge in the altcoin market. Historically, there has been a buying trend among investors toward altcoins during periods when Bitcoin’s price drops from market top.&nbsp;&nbsp;</p>
<p>If the bearish trend in Bitcoin’s price continues in the upcoming week, it could potentially lead to a surge in altcoin prices, pushing them towards their respective resistance levels.</p>
<h3 class="wp-block-heading" id="h-bonk-price-analysis">Bonk Price Analysis</h3>
<p>Bonk price has been trapped in a range after the price failed to surge above $0.000017. The nearly horizontal 20-day EMA, and the Relative Strength Index hovering near the middle, fail to provide an advantage to either buyers or sellers.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/ZmC5HYKKnyiX3RzKtg5It675mL1ttSfvjF8gpe3xAds489nH45HyhzyWYIqS3RpMKvTmTgyQenveFH8jEwxRa7HH37IvXUUU-tPcxyTh7aF0ayV8OeGFyR_UZ1iZzLGvrewpw8pHT0UfxxOKznMnaXU" alt="">
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<p>For the bulls to dominate in the coming week, they need to push and maintain the price above the downtrend line. Achieving this could potentially send the price toward $0.000023. If the momentum continues, BONK price might surge toward its high.</p>
<h3 class="wp-block-heading" id="h-aptos-price-analysis">Aptos Price Analysis</h3>
<p>Aptos surged past the key resistance level of $9.5 and is now aiming to gain buyers’ confidence near Fib channels. The initial upward target is set at $11.1, a level that might prompt short-term traders to realize profits.&nbsp;</p>
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<p>However, if the APT price remains stable near this level, it would indicate that traders continue to buy amid surges. This behavior could enhance the likelihood of the APT price touching $14.6 next week. On the downside, the first notable support is at EMA20. Should this support give way, the price might retreat to $8.</p>
<h3 class="wp-block-heading" id="h-sui-price-analysis">Sui Price Analysis</h3>
<p>Sui price is nearing its all-time high as it recorded an impressive surge in the last 24 hours by breaking the $1 mark. In the current scenario, bears are attempting to reverse the price of SUI at $1.35.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Qco0cvLIyuo2WEG6qj-rwHrdrykdi77PpnPYjkns04-CzTuue51RKiBIiudN4dOnQHwjTAtDLOs9WFMcdFn1g-3b_jbVd5H3pw_LzW_iA785gT--ccCqLkmz3FANxVZ_2JG9lCMD_ncgKaspBrr6SPo" alt="">
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<p>If successful, this could trigger a decline to retest the EMA20 level. As the RSI now trades within the overbought region, a correction might be approaching in the coming hours. However, a successful rebound above EMA20 might send the SUI price toward $2 next week.&nbsp;</p>

Top Altcoins To Watch Next Week: BONK, APT, SUI Prices May Gain As Bitcoin Loses Dominance

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