If Bitcoin price remains range-bound, altcoins like LUNA, ATOM, CAKE and FTT could continue to move higher over the coming week.
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If Bitcoin price remains range-bound, altcoins like LUNA, ATOM, CAKE and FTT could continue to move higher over the coming week.
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Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens.
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The bulls are trying to stabilize Bitcoin price and if they succeed, VET, SOL, EOS and FTT could quickly bounce back to their local highs.
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If Bitcoin can hold $58,000 as support, altcoins like ETH, VET, XMR and FTT may resume their uptrend and hit new highs this week.
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Increased trading volumes, innovative products and strong DeFi integration have helped BNB, HT, FTT and OKB soar in February.
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The tokens of protocols offering attractive trading products and services have benefited from the bullish sentiment surrounding Bitcoin’s rally to multi-year highs.
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