Solana Mobile Seeker, Pump.fun, and Official Trump Set to Form Bullish Patterns
Bitcoin price experienced a bearish trend last week, dropping from its peak of $96,000 to a monthly low of $88,000. This 7% drop in Bitcoin’s price has led analysts to believe that there might be an altcoin rally in the coming week as traders rotate their money into newer altcoins. Solana Mobile Seeker (SKR), Pump.fun, and Official Trump are expected to show bullish momentum in the upcoming days.
Altcoins Rally As Bitcoin Dropped 7% Last Week
Bitcoin faced significant bearish volatility over the past week, with its price plummeting from $96,000 to $88,000. Data from Coinglass shows that Bitcoin triggered over $25 million in total liquidations in 24 hours, with buyers closing nearly $24.5 million worth of positions. Despite Bitcoin’s drop, analysts believe that this could potentially lead to a small lift for newer altcoins in the market.
Solana Mobile Seeker (SKR) Price Analysis
The SKR token saw a sharp decline below its moving averages after a 200% gain last week. Although it reached a peak above $0.05 following listings on top exchanges, it faced a significant selloff thereafter. Currently, Solana Mobile Seeker is trading at $0.028, showing a decline of over 15% in the last 24 hours. The RSI hovering near 50 and the slowdown in moving averages suggest a bearish control at the moment. If the price remains below the EMA20 trend line, sellers could take charge, potentially pushing the SKR/USDT pair down to $0.02. To regain strength, buyers need to break above $0.035 for a potential rise towards $0.05.
Pump.fun (PUMP) Price Analysis
Pump.fun has found support near the $0.0024 level, indicating buyer interest at lower prices. Currently, the price of PUMP is at $0.0026, showing a 5.2% surge in the last 24 hours. Any recovery is likely to face resistance at the descending resistance line. If the price drops sharply from that level, it could fall below the $0.00235 support and slide towards $0.0017. However, a move above the resistance line could signal a comeback for buyers, pushing the price towards $0.0033.
Official Trump (TRUMP) Price Analysis
TRUMP experienced a significant drop last week, falling below the EMA20 trend line. However, strong accumulation around the dip suggests a potential breakout for Official Trump coin this week. Currently, TRUMP is trading at $4.88, showing a 0.7% decline in the last 24 hours. The TRUMP/USDT pair may have reached a short-term peak as it closed below the 20-day EMA. If weakness persists, the pair could retrace fully to around $4.4-$4.1. Buyers are accumulating, preparing for a breakout above $5. A close above $5 could indicate buyers regaining control, pushing the price towards $5.7.
In conclusion, the recent bearish pullback in Bitcoin has set the stage for potential altcoin rallies in the coming week. Solana Mobile Seeker (SKR), Pump.fun, and Official Trump are expected to show bullish momentum, offering traders new opportunities in the altcoin market.
