On the preceding Monday, the cryptocurrency market experienced its most significant crash to date, erasing more than $2 billion in investments. This led to a sharp decline in many altcoins from their recent peaks, prompting major investors to purchase them, potentially sparking a robust recovery rally. Berachain, BNB, and Pepe prices are poised to lead the altcoin surge in the upcoming week.
Bitcoin’s Struggle Below $100K Could Benefit Altcoins
Bitcoin’s market dominance has reached its highest level in nearly four years, peaking at 64.3% before slightly decreasing to 61.6%. With Bitcoin’s price remaining relatively stable amid economic uncertainty, investors are now looking towards the potential resurgence of altcoins.
Furthermore, if Bitcoin’s dominance decreases slightly in the next week alongside a consolidation below the $100K threshold, we may witness a strong recovery in altcoin prices.
Berachain (BERA) Price Analysis
Bera’s price has seen a significant decline from its all-time high of $15 due to increased selling at peak levels. Currently trading at $6.19, the BERA price is under intense downward pressure below the EMA20 trend line, marking a decline of over 21% in the last 24 hours.
Despite the sharp decline in BERA’s price, there are signs of accumulation. If the altcoin manages to establish strong support, a significant rebound could occur in the coming week. A breakthrough above $6.6 would empower buyers to dictate price movements, potentially pushing the BERA price towards $10.
Conversely, if the price struggles to attract buyers at immediate Fibonacci levels, a further descent could be on the horizon next week, possibly driving the price below $5.
Binance Coin (BNB) Price Analysis
Following the crash, Binance Coin (BNB) has staged a solid recovery by surpassing the $600 mark. Currently priced at $613, BNB has risen by 5% in the last 24 hours.
BNB’s price target is set at $620, with the RSI level indicating strong buying demand. If the price manages to break above $620, it could trend towards $640-$660.
However, failing to surpass $620 may result in a retracement towards the $590-$600 support zone.
Pepe Price Analysis
Despite the general buying trend in the crypto market, Pepe’s price has struggled to gain the necessary buying momentum. Nonetheless, Pepe has established a robust support level and is aiming to breach the $0.00001 mark. Currently trading at $0.00009569, Pepe has surged by over 2.6% in the last 24 hours.
The PEPE/USDT trading pair remains below $0.00001, indicating significant selling pressure from bearish traders. However, buyers could soon break through the resistance and push the price above the descending trend line, potentially propelling Pepe towards the $0.000015 level in the upcoming week.
Should the price remain below the EMA20 trend line on the 1-hour chart, sellers might attempt to drive it down towards $0.000008. With the Relative Strength Index (RSI) hovering around 45, a retest of the $0.00001 level could be in the cards.
