Kryptodata

Bitcoin price remains range-bound while DOGE, MKR, OP, and XDC gain momentum

Bitcoin price remains range-bound while DOGE, MKR, OP, and XDC gain momentum

Bitcoin’s price consolidation near recent local highs is giving altcoin traders confidence in DOGE, MKR, OP, and XDC.

Bitcoin’s market dominance has dropped to 48%, indicating a shift in focus towards select altcoins.

Altcoin recovery is dependent on Bitcoin’s strength, as a sharp downturn could lead to a sell-off.

Bitcoin’s key support and resistance levels should be closely monitored.

DOGE is facing resistance at $0.08, but bulls remain strong and are buying the dips.

MKR has cleared the overhead resistance at $1,200, but a retest of this level may occur before a new uptrend.

OP is showing signs of starting a new uptrend, with the 20-day EMA turning up and positive RSI.

XDC has experienced a strong uptrend, but a correction to the 38.2% Fibonacci retracement level may occur before a potential up-move.

Summary:

– Bitcoin’s price consolidation near recent local highs is boosting confidence in select altcoins.

– Altcoin recovery is contingent on Bitcoin’s strength, as a sharp downturn could lead to a sell-off.

– DOGE is facing resistance at $0.08, but bulls remain strong and are buying the dips.

– MKR has cleared the overhead resistance at $1,200, but a retest may occur before a new uptrend.

– OP is showing signs of starting a new uptrend, with the 20-day EMA turning up and positive RSI.

– XDC has experienced a strong uptrend, but a correction may occur before a potential up-move.

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