Last Monday, the cryptocurrency market experienced its biggest crash, destroying more than $ 2 billion in investments. Following this, many altcoins fell greatly from their recent peaks, which led large investors to buy them, which could trigger a solid gathering of recovery. In particular, the prices of Berachain, BNB and Pepe could drive the Altcoin rally in the coming week.
Bitcoin struggle below $ 100,000 could help altcoins
Bitcoin now controls a larger share of the cryptography market than in almost four years, its domination recently culminating at 64.3% before dropping slightly to 61.6%. As the price of Bitcoin remains relatively stable despite economic instability, investors begin to wonder if altcoins will rebound soon.
Read also: Bitcoin fights the barrier of $ 100,000: does the Bull Run lose steam?
However, if the domination of Bitcoin decreases slightly in the coming week with a consolidation lower than $ 100,000, we could see a high return in Altcoin prices.
Berachain price analysis (Bera)
Berachain’s price fell considerably from its $ 15 summit due to the increase in sales at maximum levels. Currently, the Bera price undergoes high drop -down pressure under the EMA20 trend line, trading at $ 6.19 – a drop of more than 21% in the last 24 hours.
Despite the sharp drop in Bera’s price, there are accumulation indications. Altcoin trying to establish solid support, a strong rebound could occur next week. An increase greater than $ 6.6 would offer buyers the lever effect to dominate price trends, which could push the Bera price around $ 10 in the coming week.
Conversely, if the price is struggling to attract the interests of buyers at the immediate levels of fibonacci, a new decline could ensue next week, which can lead to the price of less than $ 5.
Binance Coin (BNB) Price analysis
The price of Binance Coin (BNB) made a solid return after the accident because it crossed the $ 600 mark. Currently, BNB is at a price of $ 613, which has shown an increase of 5% in the last 24 hours.
BNB Price aims to reach $ 620 and it could succeed because the RSI level suggests a high demand for purchase. If the price can exceed $ 620, it can climb to $ 640 to $ 660.
On the other hand, if it does not exceed $ 620, the price could fall back to the support zone of $ 590 to $ 600 for a retest.
PEPE PRICE Analysis
Despite the overall purchase trend on the cryptography market, Pepe Price failed to gain the required purchase dynamics. However, Pepe has built a solid support and is currently aimed at exceeding $ 0.00001. During the editorial staff, the PEPE price is $ 0.0000,9569, which increased by more than 2.6% in the last 24 hours.
The PEPE / USDT trading pair remains less than $ 0.00001, showing high sales pressure of lower traders. However, buyers could soon cross the resistance and push the price above the descending descending line. This could send the PEPE price to a level of $ 0.0000,15 next week.
On the other hand, if the price remains below the EMA20 trend line on the one hour table, the sellers could try to push it to $ 0.00,0008.
The relative resistance index (RSI) remaining approximately 45, there could be a retest of $ 0.00001.