Last week brought a bullish return to the market as BTC price witnessed huge buying demand and surged towards the $65K mark. Despite BTC’s current increasing dominance, any small pullback could trigger the top altcoin turning $1 into $10 this week.

Altcoin Reversals Amid Bearish Pressure

Last week, Bitcoin market dominance experienced a decline, prompting some cryptocurrency analysts to argue that the currency may have peaked. This shows traders are increasingly turning their attention to altcoins.

Analysts believe that Bitcoin’s period of dominance is potentially over, citing a recovery in altcoin values, indicating that a market bottom for altcoins may have been reached.

Also read: Top Altcoins Face Potential Crash in the Coming Week

When altcoins start to perform better compared to Bitcoin, it indicates that a market rotation will occur this week.

A decline in Bitcoin’s market share is often seen by market experts as a sign that an altcoin market boom may be on the way. Investors move their funds out of Bitcoin during price drops. If BTC prices experience a decline next week, this emerging altcoin might trigger a 10x rally.

Dogwifhat (WIF) Price Analysis.

Bullish traders have recently pushed WIF price towards critical resistance at $3.5. Despite downward pressure dropping WIF price towards $2.2, buyers continued to buy on price dips, triggering a solid rebound. As a result, WIF price rose to $3.37, marking an increase of more than 13% from yesterday’s price.

Currently, buyers are aiming to push the price above the nearest resistance level of $3.6. If successful, this could indicate the start of a new uptrend for the WIF/USDT pair, potentially reaching new all-time highs.

Nonetheless, there are concerns that the rally may suffer a breakdown. The Relative Strength Index (RSI) has been hovering around the overbought zone recently, indicating that the market may be overheating. This may lead to a slight correction or period of stabilization. It is important to monitor the support level at $2.9 in case of a decline.

Golem (GLM) Price Analysis.

GLM has managed to emerge from a period of consolidation around the $0.43 level with a significant breakout. The momentum has taken the price to $0.57, marking an impressive increase of 26% over the last 24 hours.

Continued buying activity, rather than profit-taking at higher prices, indicates stable confidence among investors. It is possible that the price may temporarily retreat to its moving average, which is expected to act as support. A strong recovery from this level might trigger a surge beyond $0.75. Achieving this could send the GLM/USDT pair towards $1.4 and possibly extend the rise to $3.1.

However, a decline below the moving average may indicate a shift towards selling among shareholders.

Helium (HNT) Price Analysis.

Buyers have struggled to push HNT price above the $6 resistance but remain hopeful. Currently, HNT price is trading at $5.6, an increase of 33% from yesterday.