The post Top Altcoins To Hit All-Time Highs This Week appeared on BitcoinEthereumNews.com.

Bitcoin surged near $66,000 on Wednesday, leading the rise in cryptocurrency prices. This increase followed the April CPI report, which indicated a moderation in core inflation and a greater-than-expected cooling in retail sales. As BTC price is now gaining confidence, several altcoins are preparing for a skyrocketing trend this week, potentially challenging their previous ATH. BTC Market Prepares For A Pullback Bitcoin’s price has stabilized slightly above the crucial support level of $66,000, with crypto traders confident in its strength. However, some traders are concerned about the likelihood of a significant correction in the coming days due to a potential selloff around resistance channels. Also read: Top Crypto Events to Watch Next Week: Binance vs. Nigeria, Decision on Ethereum ETF, and Crypto Bill  This could lead to a significant increase in interest in the altcoin market this week, potentially pushing several altcoins to new highs. Pepe Price Analysis Pepe’s price is experiencing increased bearish pressure following a selloff at the recent all-time high of $0.00001156. The price is falling below the EMA20 trend line, signaling a potential trend change. As of now, Pepe trades at $0.000009432, reflecting a decline of over 6.4% in the last 24 hours.  Buyers are trying to keep the price above the 20-day EMA ($0.00000958). If they succeed, the PEPE/USDT pair might climb back to $0.000011. This level is critical for the bears to defend because a rally beyond it could lead to an increase toward the ATH. On the other hand, a break and close below the $0.0000091 support level would confirm a bearish pattern, potentially pushing the pair down to the strong support at $0.0000055. With the RSI sharply declining below the midline, bears currently have an advantage in dominating the price chart. Render Price Analysis   Bulls are struggling to keep RNDR price above…

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Filed under: News - @ May 19, 2024 10:14 am