Both $AVAX and $RENDER are following Bitcoin’s lead by being in the green on Monday. Can both of these altcoins continue to copy Bitcoin by getting back to their all-time highs?
Total3 altcoin market cap continues to recover
Source: TradingView
First of all, in order to see how altcoins are doing generally, it is good to look at the Total3 chart. This tracks the combined market cap of all cryptocurrencies, excluding $BTC and $ETH. The chart shows that after a big 26% retracement, the altcoin market cap is once more heading skywards.
The horizontal resistances at $1.05 trillion and $1.13 trillion are still to be overcome, but if one looks at the bottom of the chart, the Stochastic RSI momentum indicator is showing a potential cross back up, leading to the big momentum needed to break these resistances. This cross up will be confirmed or not at the end of the week.
$AVAX bulls have much to do
Source: TradingView
Looking at the weekly chart for $AVAX, besides seeing that th
We współpracy z: https://cryptodaily.co.uk/2025/01/avalanche-avax-and-render-render-back-to-all-time-highs
