5 Altcoins Set to Rally as Bitcoin Dominance Declines
These gains highlight a robust altcoin rally against declining Bitcoin dominance. Five altcoins—MemeCore (M), Story (IP), Pump.fun (PUMP), Sky Protocol (SKY) and POL—posted double-digit weekly gains as Bitcoin dominance dipped below 60%. MemeCore surged nearly 230% over the past week, while Story jumped 35% and held above $8. Pump.fun gained 7%, and SKY climbed 15% to $0.0735. POL added 14% weekly and nearly 5% daily. Technical indicators RSI and MACD support a continued altcoin rally. Key resistance levels are $1.7688 for M, $8.5705 for IP, $0.0052 for PUMP, $0.0788 for SKY and $0.2964 for POL. Bitcoin (BTC) traded near $111,000 and Ethereum (ETH) held just below $4,300. Traders should watch for daily closes below critical support levels—such as $1.40 for M and $0.0689 for SKY—that could invalidate bullish setups. With sustained altcoin rally momentum, market may see further capital inflows.
Bullish
This news is bullish because the highlighted altcoins have delivered strong weekly gains even as Bitcoin dominance declines, signaling growing investor interest and capital rotation into lower-cap tokens. Similar altcoin rallies in past cycles (e.g., mid-2021) preceded broader market uptrends. Technical indicators—RSI and MACD—show strong momentum, suggesting sustained buying pressure. In the short term, traders may chase these breakouts, pushing prices higher. Over the long term, continued outflows from Bitcoin dominance could support altcoin valuations, especially if macro conditions remain favorable and adoption accelerates. However, key support levels should be monitored to manage downside risks.