Bitcoin on Tuesday hit a 6-week high of $75000 USD, but quickie retained below. This is credited to the surhe in the derivative market, Insitutional investment, and ETF inflow. The broader market also followed the bitcoin price, Ethereum(ETH) made it $2400, Solana(SOL) passed $97, XRP hit a monthly high at $1.59, and memecoins turned green.
If BTC price keeps up the same pace and makes a strong close for 2 consecutive days, these top altcoins will follow the trail.
Near Protocol Hooming To AI trend
With the recent address, NVIDIA CEO Jensen Huang has loaded AI coins with more power now, projecting $1 Trillion USD in cumulative earnings by 2027. Near Protocol stands among the top AI coins and has behaved in parallel with the general sentiments.
NEAR/USDT in the daily chart can be seen confirming the brief settlement after a cup and handle pattern. Wherein the first string resistance of $1.4 has been breached white the next one is at $1.88 with 60% probability of happening.
If the trend fails, for the short term, the support is at $1.33, and long term, $1.08.
Bittensor(TAO) holds bull near $280
TAO coin at the time of writing is trading at $278.47 with 2% down in 24 hours, making nearly 50% gaines from last week. Bittensor (TAO) has now halted its rally around the 200 Day EMA and is firmly trading above all the EMA’s( 20,50,100,200 Day).
Going further, the TAO needs a strong daily close above $369 to beat the headwind near $300 after the channel breakout rally.
If bears activate, 200 EMA is an ultimate support at $265, and then 100 Day-EMA.
River Coin Backed by Cup and Handle
River(RIVERR) coin price has been a good performer since its time. Currently trading at $23.09, this BNB chain coin has surged nearly 80% in the last week.
RIVER Coin fundamentals are mixed; the crypto has surged nearly 200% from its February lows and will face an unlock event that’s happening on 22 March. This unlock will add 1.11 million $RIVER tokens ( s 2.39% of the current supply).
On the other hand, the sentiment for RIVER/USDT remains bullish. This cryptocurrency has on the daily chart frame, registered a clear cup and handle pattern
We must wait for the event and Bitcoin price index to see if the RIVER price closes strongly above $24, we can see $36 on the card, else a correction towards $18.
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