The post Altcoins Including ETH, SOL, SUI, LINK Take Charge appeared on BitcoinEthereumNews.com.

The broader cryptocurrency market has displayed a strong show over the weekend with the Bitcoin (BTC) price rallying close to $70,000 and altcoins taking the charge in a fresh surge. With 3.72% gains in the last 24 hours, Ethereum (ETH) leads the alt space shooting all the way to $2,750 levels. The recent crypto market rally sees participation from other alts like SOL, ADA, SUI, LINK, and others. Altcoins Take Charge of the Crypto Market Rally After holding strongly to $2,600 levels during the past week, market analysts believe that the Ethereum price has largely bottomed with 11 weeks of accumulation and is heading for a rally to $3,000 and above. Also, with Donald Trump’s odds of winning the next US Presidential election on the rise, investors are cheering with a broader crypto market rally. The technical chart by Crypto McKenna clearly shows that ETH is forming an inverse head and shoulders pattern. Thus, it could continue its rally further to $3,000, and a further breakout above this could trigger a rally to $4,000 levels. Courtesy: TradingView On the other hand, Ethereum competitor Solana has extended its rally with an additional 6.39% gain and is moving all the way to $170. levels. For the past several months, the SOL price has remained range bound between $130-$210. Popular crypto analyst Peter Brandt stated that the SOL is forming a cup and handle pattern on a multi-year chart. Thus, a breakout above $210 would set the stage for the Solana price rally. Courtesy: Peter Brandt Another altcoin joining the crypto market rally, and everyone’s favorite recently, is SUI. While comfortably taking support at $2.0, the SUI price has reversed its trajectory and is currently trading 33.88% up at $2.15. The SUI price, which is already up by a staggering 460% over the…

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Filed under: News - @ October 21, 2024 4:19 am