DogWifHat ($WIF) has experienced a 30% drop, Shiba Inu ($SHIB) has decreased by 40%, and Pepe ($PEPE) has fallen by 35%. These substantial corrections have led investors to question the likelihood of an impending altcoin season.
Amidst this downturn, Altura ($ALU) stands out as a potential leader in the next altcoin rally. While the broader market faces challenges, $ALU is exhibiting bullish tendencies, forming a falling wedge pattern that often precedes significant price breakouts. Let’s delve into the current market analyses for these altcoins and explore why $ALU might defy the prevailing trend.
DogWifHat ($WIF) Rebounds from Key Support
DogWifHat ($WIF) has just been bouncing back after plunging to crucial support at around $2.00. Analysts point out this support has historically provided a key area for $WIF, and the bounce is indicative of a possible bottom for the token.
The next major resistance for $WIF is at $2.15. If the price is able to break above this level, we could see some more upside; however, if the DogWifHat fails to hold above the $2.00 region, we could see a retest of the $1.80 range.
Go to Source to See Full Article
Author: Adrian Barkley
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
