As Bitcoin pushes towards the $77,000 level, various altcoins are entering a bullish range. Simultaneously, projects like BlockDAG, Chainlink, Litecoin and Avalanche are gaining traction—are we witnessing the start of a new altseason?
These Altcoins Enter the Bullish Range as Bitcoin Heads Back to $77,000—Is This the Beginning of an Altseason?
BlockDAG (BDAG)
Chainlink (LINK)
Litecoin (LTC)
Avalanche (AVAX)
BlockDAG (BDAG)
BlockDAG, a project combining blockchain and Directed Acyclic Graph (DAG) technology, is currently running a highly anticipated presale. The initiative leverages this hybrid technology to enhance scalability, transaction speed, and network security. Since its presale launch, structured into 45 batches, BlockDAG has already garnered over $115.5 million in presale, indicating substantial market interest.
In addition to the presale, BlockDAG is offering an exclusive promotion for early participants. Buyers who purchase using the code BULLRUN100 will receive a 100% bonus on their coin purchase, effectively doubling their initial investment. This special promotion also includes eligibility for early access to the airdrop of coins once the mainnet launches.
This limited-time “golden ticket” offer provides early supporters with a significant advantage, granting them extra coins along with potential perks. Further details on these exclusive benefits will be disclosed as the launch date approaches, adding excitement for those who seize this unique opportunity.
With the overall crypto market trending bullish and Bitcoin nearing new highs, BlockDAG’s approach and early incentives could position it as a key player in this altseason.
Chainlink (LINK)
Chainlink has been experiencing a consolidated uptrend for several months, which recently saw some disruption. However, the token has regained its footing within its ascending triangle pattern, suggesting that bullish momentum is returning. A bullish reversal in the Relative Strength Index (RSI), paired with an imminent bullish crossover on the Moving Average Convergence Divergence (MACD), indicates that LINK may soon exceed the $12.5 mark. Following a brief consolidation phase, it has the potential to climb past $15, driven by renewed market confidence.
Litecoin (LTC)
Litecoin’s price continued within its ascending parallel channel after rebounding from the August lows, although it faced pressure during a recent pullback. The latest surge, however, pushed it above the 50-day Moving Average (MA), suggesting it may soon reach the 200-day MA at $68.14. If the anticipated Golden Cross—a bullish crossover between the 50-day and 200-day MAs—occurs, it could spark a renewed uptrend. Should Litecoin surpass key levels of $70 and $72, a breakout towards the upper resistance near $80 could be on the horizon, driven by increased buying activity.
Avalanche (AVAX)
Avalanche has also moved into a rising parallel channel, aligning with Litecoin’s trajectory and flashing bullish indicators. A steady increase in buying volume suggests that AVAX is poised for its next bullish move, potentially pushing beyond existing resistance levels. The RSI has bounced back from recent lows and has climbed above its average range, signaling that a move to $30 may be imminent. Should Bitcoin secure a new all-time high above $78,000, AVAX may find its way above the $35 level, driven by positive market sentiment and momentum.
The Final Take
These altcoins appear to be consolidating within an ascending trend until Bitcoin sets a new peak above $80,000. Analysts predict that the rally could continue unabated, potentially reaching the $100K milestone. This bullish momentum is likely to sustain overall market enthusiasm, which could, in turn, trigger a robust altseason, benefiting established altcoins and promising newcomers like BlockDAG alike.
