Top Altcoins To Watch Next Week: Kaspa (KAS), Bonk, And Solana (SOL) Prices Might Break Out

The Bitcoin market is experiencing speedy progress, with consultants predicting it might hit the $50,000 mark by subsequent week. This upward pattern can be positively affecting altcoins, pushing them past their present resistance ranges, at the same time as the general dominance of altcoins decreases sharply. With the anticipated continued shopping for momentum of Bitcoin within the following week, it’s possible that altcoins resembling Kaspa, Bonk, and Solana will expertise vital breakout actions.

Altcoin Dominance Faces A Sharp Decline

Lately, Bitcoin (BTC) has witnessed a surge in shopping for confidence, sending its worth towards the $50,000 mark. This upward momentum has pushed Bitcoin’s market dominance to over 53.5%, concurrently plunging the market share of altcoins to under 12.1%. Consequently, market analysts are more and more turning their consideration to Bitcoin, anticipating it to be the first focus within the upcoming week.

In the meantime, the curiosity in altcoins seems to be declining, as seen within the altcoin season index chart. The index has skilled a big decline, falling from a excessive of 67 to a current low of 46, thereby prolonging the anticipated arrival of an altcoin season. Regardless of this, impressed by Bitcoin’s spectacular efficiency, quite a few altcoins are gearing up for potential breakouts within the coming days.

Kaspa (KAS) Value Evaluation

Kaspa worth has seen its momentum leaping by 44% within the final seven days, nearing its all-time excessive. KAS worth rebounded from the 20-day Exponential Shifting Common (EMA) at $0.103 and broke above the resistance at $0.125, negating the bearish descending triangle sample. 

The present momentum offers a bullish outlook as traders proceed to interrupt fast Fib channels. The push in worth past $0.125 has set the stage for a possible retest of the $0.15 resistance degree. Crossing this degree might speed up the KAS/USDT pair’s momentum in the direction of a rally to a brand new ATH within the coming week.

On the flip aspect, a reversal from the present worth or at $0.15 might sign profit-taking at larger ranges. Ought to the worth fall under the shifting averages, it could point out that the pair might consolidate round $0.12.

Bonk Value Evaluation

BONK worth has additionally damaged out of its bearish consolidation and goals for an additional breakout within the coming week. Nevertheless, bears are more and more defending a surge now.

BONK worth is now means above the shifting averages, with RSI buying and selling inside the overbought area. Although this implies a correction, a rebound from the 200-day EMA may create one other breakout momentum. In such a situation, BONK worth may skyrocket towards $0.000017.

Ought to the worth retreat from this degree, it implies that the BONK/USDT pair may proceed to consolidate inside a bullish area.

Solana (SOL) Value Evaluation

Solana skilled a rebound from the shifting averages, with bulls trying to push the worth past the robust overhead resistance at $116. Nevertheless, bears are defending the $110 degree. As of writing, SOL worth trades at $109.1, declining over 0.4% from yesterday’s price.

Reaching the $110 would finalize a bullish inverse head-and-shoulders sample for the Solana worth, probably resulting in an preliminary surge to the $116 degree, adopted by an effort to achieve the goal of $126.

Nevertheless, this bullish outlook shall be negated if the worth sharply declines and falls beneath the EMA20 pattern line, probably triggering a drop towards $94-$100. At this decrease degree, patrons are anticipated to step again in.