Kryptodata

  • Market Cap: $2,542,170,984,989.86
  • 24h Vol: $137,915,889,886.45
  • BTC Dominance: 51.34%
Will ATOM, UNI, NEAR, and AXS rally next as Bitcoin price surpasses $35K?

Will ATOM, UNI, NEAR, and AXS rally next as Bitcoin price surpasses $35K?

Bitcoin has recaptured a key price level, while several altcoins are showing signs of a breakout.

The S&P 500 Index had its best performance since November 2022, driven by expectations that the Federal Reserve will not raise rates.

Bitcoin’s performance was more muted, but a risk-on sentiment is likely to benefit the crypto space.

Bitcoin continues to trade near the $35,000 resistance, forming an ascending channel pattern. A break below the channel may tempt traders to book profits.

Altcoins like Cosmos, Uniswap, Near Protocol, and Axie Infinity are showing signs of moving higher.

Cosmos (ATOM) completed a double bottom pattern and may target $8.91 if it crosses the $8.25 level.

Uniswap (UNI) faces resistance at $5, but the bulls have the upper hand with support at the 20-day EMA.

Near Protocol (NEAR) has seen a sharp rise, with resistance at $1.63 and support at $1.43.

Axie Infinity (AXS) is in a recovery phase, with resistance at $6 and support at the 20-day EMA.

Investors should conduct their own research before making any investment decisions.

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