First Dogecoin, Now Solana: What’s Driving The 10%+ Altcoin Rallies In The Past Weeks?

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Altcoins are beginning to wake up after months of brutal underperformance, but traders remain divided on whether the move marks the start of a broader bull cycle or just another bear market rally.

Bitcoin Controls Everything

In a podcast on May 9, expert trader DonAlt highlighted that several major altcoins and newer high-beta names are showing improving technical structures as Bitcoin (CRYPTO: BTC) stabilizes above key support levels.

Bitcoin breaking resistance for the first time since the cycle top represents an important “change in character” for the market.

He identified $78,000 as key near-term bullish support, $72,000 as the broader “line …

Full story available on Benzinga.com

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