The cryptocurrency market has entered a bullish phase known as 'altseason,' with altcoins experiencing significant gains while Bitcoin consolidates between $100,000 and $104,000. Filecoin (FIL) has emerged as the top performer, soaring 62% in the past 24 hours. Other altcoins such as Artificial Superintelligence Alliance (FET), Near Protocol, Celestia, and Render are also exhibiting strong upward momentum.
Analysts note a decline in Bitcoin Dominance, indicating a shift in investor focus towards altcoins. Filecoin is nearing a breakout from a falling wedge pattern, with a potential target price of $64. Additionally, Oasis Network (ROSE) and Chainlink (LINK) are identified as potential breakout candidates, suggesting further opportunities for altcoin investors.
Altseason Ignites as Filecoin Leads Altcoin Surge with 62% Gain
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