{"id":286853,"date":"2021-06-29T21:58:18","date_gmt":"2021-06-29T18:58:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000\/"},"modified":"2021-06-29T21:58:18","modified_gmt":"2021-06-29T18:58:18","slug":"altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000\/","title":{"rendered":"# Altcoins bag double-digit gains as Bitcoin price approaches $37,000"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4148240077e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4148240077e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000\/#Polygon_MATIC\" >Polygon (MATIC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000\/#SushiSwap_SUSHI\" >SushiSwap (SUSHI)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000\/#PancakeSwap_CAKE\" >PancakeSwap (CAKE)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoins-bag-double-digit-gains-as-bitcoin-price-approaches-37000\/#Bitcoin_breaks_above_36000\" >Bitcoin breaks above $36,000<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Altcoins bag double-digit gains as Bitcoin price <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches $37,000 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Cryptocurrency prices surged on June 29 as Bitcoin (BTC)\u00a0price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins.<\/p>\n<p>Bitcoin\u00a0put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the $38,000 to $41,000 level if (BTC) can flip the\u00a0$35,000 level into support.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/0876ae32-eb55-49e2-aca2-fbac8c9d50df.png\"><figcaption style=\"text-align: center;\"><em>Daily cryptocurrency market performance. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>As the market turned green, data from Cointelegraph Markets Pro\u00a0tracked notable bullish developments in a number of select altcoins including Polygon (MATIC), SushiSwap (SUSHI) and PancakeSwap (CAKE).\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Polygon_MATIC\"><\/span>Polygon (MATIC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first coin that has been gaining traction lately is Polygon (MATIC), an Ethereum (ETH) network\u00a0layer-two solution, whose price has increased 35% since its swing low price of $0.93 on June 22 as BTC crashed below $29,000.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for MATIC on June 27, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/479c13ca-9e82-423f-9f01-ac5ebfe5a3f4.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. MATIC price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen on the chart above, the VORTECS\u2122 Score for MATIC hit 80 and turned green on June 27 just as the price of MATIC began to rally 21% from $1.03 to $1.25 over the next 48-hours. <\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>Quake\u2122 alert system caught the news of MATIC being listed at OKEx on June 28 and this was followed by a rise in the VORTECS\u2122 Score to a high of 91 and a price rally of 10% on June 29.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SushiSwap_SUSHI\"><\/span>SushiSwap (SUSHI)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SushiSwap (SUSHI) was also identified as a strong mover by Cointelegraph Markets Pro after the asset&#8217;s\u00a0VORTECS\u2122 Score turned bullish.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/0566f825-6c33-4d28-8f14-da77927e1018.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. SUSHI price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, market conditions for SUSHI have been favorable for some time with its VORTECS\u2122 Score turning dark green and registering a score of 80 on June 27, just four hours before the price increased 30% from $6.47 to $8.45 over the next two days. SUSHI&#8217;s price is now up 42% from its swing-low price of $3.96, which occurred on June 22.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PancakeSwap_CAKE\"><\/span>PancakeSwap (CAKE)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from\u00a0Cointelegraph Markets Pro\u00a0also signaled a bullish VORTECS\u2122 Score for\u00a0PancakeSwap (CAKE), a Binance Smart Chain-based automated market maker and decentralized exchange. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/8a73a74c-4d4c-49e5-aa30-6a2167b9f966.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CAKE price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen on the chart above, the VORTECS\u2122 Score for CAKE has been in the green for the majority of the past week, with a score of 72 registering on June 27, roughly five hours before its price began to rally 21% from $11.83 to $14.44 over the next two days. CAKE&#8217;s price is now up 50% from its swing-low price of $9.64, which also occurred on June 22.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_breaks_above_36000\"><\/span>Bitcoin breaks above $36,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The strength seen across the altcoin market the past two days is in large part thanks to the strong performance of Bitcoin, which finally pushed above the $35,000 resistance and currently trades at $36,400.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/a299913a-8502-42d6-bbda-e1615902813d.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after trading in a range between $35,300 and $33,850 on Monday, the price of Bitcoin climbed 6.65% on Tuesday from a low of $34,200 to an intraday high at $36,509. <\/p>\n<p>Traders have now set their sights on the $41,000 resistance level as the next obstacle to overcome in the short term.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> (4h)<\/p>\n<p>Our first GREEN BAR printed!<\/p>\n<p>(Breakdown): Move started with a Confirmed Topping signal with Bearish RSI divs. That brought us down to a Confirmed Bullish Reversal with Bullish RSI divs &amp; Bullish RSI momentum. Finally we have gotten a green bar.<\/p>\n<p>Next resistance $41k! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3vAoE4I9TQ\">pic.twitter.com\/3vAoE4I9TQ<\/a><\/p>\n<p>\u2014 John Wick (@ZeroHedge_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ZeroHedge_\/status\/1409870872589000706?ref_src=twsrc%5Etfw\">June 29, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The overall cryptocurrency market cap now stands at $1.48 trillion and Bitcoin\u2019s dominance rate is 46.1%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Bitcoin\u00a0put on a 7% gain on the day to climb back&#8230;<\/p>\n","protected":false},"author":1,"featured_media":286854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMmM3NjczM2QtYTJkYS00NjA4LTkwOGMtYTU2YmRjMjk5NzNjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,74863,95119,75150,89215,73785,70918],"class_list":["post-286853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-layer2","tag-market-update","tag-sushiswap","tag-markets","tag-sushi"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=286853"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/286854"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=286853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=286853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=286853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}