The altcoin market is surging and approaching pivotal levels at $800 billion, as the majority of them have gained extreme bullish momentum. Of them, Bonk’s price leads the top gainers list with more than a 42% jump in the past 24 hours. Besides, Optimism (OP), Arbitrum (ARB), & Pepe (PEPE) prices possess acute strength. One of the top analysts, Michael van de Poppe, predicts the next course of action for these altcoins.
Arbitrum (ARB)
The Arbitrum price began its trading journey with a huge upswing, but after the pullback, the price consolidated around the gains. The price had dropped below $1, but the recent price action triggered a giant flip that lifted it from the bearish trap. Currently, the price is testing the crucial levels that may trigger a fresh upswing if it successfully clears the interim barrier.
“Arbitrum is following in the footsteps of Ethereum. Ethereum is showing strength, so is Arbitrum and so is Optimism.
Great move here; probably some retests lower, but it seems ready for $1.30 and a bullish Q1,”
Therefore, the ARB price is required to clear the immediate resistance at $1.19, and if the bulls sustain above the gains, a rise beyond $1.3 may be imminent, marking the monthly highs above $1.35 to $1.4 by the end of the year.
Pepe (PEPE)
The Pepe price has risen above the bearish pattern, indicating the beginning of a fresh upswing that may lift it to the interim target of around $0.000002. The token received a huge influx of buying volume that may have piled up the bullish momentum to a large extent. Hence, the price is believed to maintain a healthy upswing until the end of the year.
“This one shows a lot of momentum, but I’d like to see a retest at 1285 to 1350 and then continue towards 2000.
Buying dips on this one is a proper strategy at this market stage. It may be the new $DOGE,”
The technicals are currently pointing towards a minor pullback, but considering the long-term perspective, the PEPE price remains highly bullish. Therefore, the price is expected to trade around $0.000002 by the end of the year.
Optimism (OP)
The recent price action has enabled the OP price to rise above the pivotal resistance zone between $1.828 and $1.883. After a massive jump, the price is undergoing a minor correction, which may further pave the way for the beginning of a fresh ascending trend.
“Another one follows the path of Ethereum,
If there’s a correction, then it would be wise to look at the region between $1.85-$1.935 to ensure you’re getting a proper entry.
Right now, you’re basically chasing the candles,”
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