The altcoin market is currently tranquil, yet an increase in volatility is anticipated. Investors wonder if altcoins can show further growth.
Expectations for Altcoins
The price of ETH is once again close to the $3,800 mark. A sustained hold at this level could lead to a move past $4,000. Last week, the sale of 80,000 BTC prompted profit-taking among investors, but many altcoins are showing potential as they form higher lows.
Factors Affecting Bitcoin and Solana
Market analysis indicates that the CME gap may lead BTC to adjust its price levels quickly at the week's start. If BTC builds momentum and resumes price discovery, significant gaps may form. Meanwhile, SOL's price exceeded $210 but struggled to maintain it. It's important for the price to hold at $179 as support, with a breakthrough at $188 potentially leading towards $203.
Market Trend Analysis
According to analyst Kyle, there are signs of renewed interest from investors in altcoins. Altcoin investors are reportedly spending around $32.9 million monthly to maintain their positions, close to the $42 million observed during BTC's ATH in March 2024.
Despite the current calm atmosphere, emerging trends in increasing volatility present opportunities for altcoin growth. Upcoming data releases and announcements could significantly influence the market's direction.
