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#Major Coins Rally#
A Strong Awakening in the Crypto Market
The cryptocurrency market has finally caught that long-awaited spark. Major coins like Bitcoin, Ethereum, XRP, and Dogecoin are signaling a new bull season not only in terms of price, but also with investor interest, technical indicators, and community movements. This rally is much more than just an ordinary rally—it heralds a transformation, a rebirth.
Bitcoin: Digital Gold's New High
Bitcoin is consolidating around $117,000, while technical analysis suggests targets of $121,000 and $124,500. The RSI indicator has risen above 70, indicating strong buying pressure. This rally, supported by macroeconomic data, has gained further momentum, particularly with low inflation data from the US. The entry of institutional investors into the market with ETF approvals has pushed BTC's market dominance above 58%.
Ethereum: The Heart of Smart Contracts
Ethereum confirmed its bullish trend by surpassing the $4,500 level. Layer 2 solutions, staking returns, and the resurgence of DeFi projects are fueling interest in ETH. Technically, closing above $4,700 brings the $5,000 target into the spotlight. Ethereum's market dominance has surpassed 13%, and network transaction volume has reached its highest level in 30 days.
XRP: From Legal Uncertainty to Confidence
Positive expectations surrounding Ripple's lawsuit with the SEC have propelled XRP's price above $3.00. This level, which was a psychological resistance level and has now become support. Community support and institutional partnerships are elevating XRP back to the top of the majors. Technical analysis is discussing targets of $3.50 and $4.00.
Dogecoin: A Rising Phenomenon Driven by Humor
Dogecoin is back on the scene thanks to its social media influence and community support. While Elon Musk's indirect influence is still being felt, DOGE surpassed the $0.23 level, attracting attention with a 2.7% daily increase. This coin isn't just an investment instrument—it's a culture, a community movement.
New Stars Shining on Gate Square
The rally of major coins has also energized the altcoin market. Content shared on Gate Square with the #MajorCoinsRally hashtag highlights some new projects:
- $BLOCK (BlockGames): This project, which has attracted attention in the GameFi sector with its data ownership and reward systems, has surged between 70-80% in the last 24 hours. Technically, a break above $0.0009 raises targets of $0.0011 and $0.0013.
- WKC (Wiki Cat): Thanks to community influence and viral content, it achieved an 85.27% pump. This surge further demonstrates the impact of social media power on the crypto market.
The Impact of Macro Developments on the Rally
- Low inflation data from the US has increased interest in risky assets.
- The expansion of Bitcoin and Ethereum ETFs has accelerated the entry of institutional investors into the market.
- Telegram-based projects are creating new use cases with social media integration and payment systems. Projects like MAJOR, in particular, are attracting attention in this area.
✨ Conclusion: This Is Just the Beginning
This rally in major coins is much more than a short-term surge. The combination of technical indicators, community movements, and macro developments is opening the door to a longer bull season.