Connect with us

Hi, what are you looking for?

Markets

Market Crashes, But This Altcoin Rallies Towards a New ATH; Are Low-Caps the Nex

Read more about this crypto news

The post Market Crashes, But This Altcoin Rallies Towards a New ATH; Are Low-Caps the Next Safe Haven? appeared on BitcoinEthereumNews.com.The post Market Crashes, But This Altcoin Rallies Towards a New ATH; Are Low-Caps the Next Safe Haven? appeared first on Coinpedia Fintech News PIPPIN price is beginning to show real signs of strength after successfully flipping a former resistance zone into solid support, a shift that often signals a continuation of bullish momentum. Over the past 24 hours, the token has climbed nearly 15% to $0.7232, clearly outperforming the broader market, including the Bitcoin price, which remains under pressure. The move appears to be driven by capital rotation into higher-risk, low-cap altcoins, as large-cap tokens continue to trade in a cautious, bearish environment. However, the bigger question remains: can a low-cap altcoin like PIPPIN sustain this rally amid persistent fear across the broader market, and does it have enough momentum to push toward a new all-time high? As noted, the current rally appears to be fueled largely by capital rotation, a shift that became clear when the price bounced strongly from a key support zone. Even during brief pullbacks, PIPPIN has managed to hold above its prior bearish range, showing resilience that many other tokens currently lack. If the bulls can deliver one decisive push above the final resistance zone, it could open the door for a move toward a new all-time high. As the chart shows, PIPPIN is testing the upper boundary of a broadening wedge for the second time after a brief pullback. To confirm strength, the price needs to clear the resistance zone between $0.71 and $0.75. A follow-through move above $0.811 would likely push the token beyond the pattern and signal a stronger breakout phase. The price is currently holding above the Ichimoku cloud, supporting the bullish structure, while the RSI has climbed near the upper threshold, reflecting strong momentum. A clean breakout could open…

You May Also Like

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Top Stories

A counterfeit Hyperliquid app has been identified, raising concerns over user scams.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.