Bitcoin’s dip below $30,000 triggered a sell-off in altcoins and dip-buying traders might not have enough momentum to cause a relief rally.
Strong fundamentals, increasing daily active users and successful layer 2 trials are pushing DeFi tokens to outperform the broader crypto market.
Altcoins continue to trend higher but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.
Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000.
Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins.
Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level.
Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels.
Strong use cases and future growth possibilities appear to be pushing the price of HedgeTrade, The Graph and UMA higher.
Altcoins are beginning to lose bullish momentum as Bitcoin price struggles to reclaim $40,000.
Bitcoin’s brief period of consolidation has opened a path for select altcoins to rally higher.