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Altcoin surges strongly: XMR, AAVE, and WLD leading the increase as Bitcoin holds the support zone.
As Bitcoin (BTC) continues to hold steady around a key support level, market attention is gradually shifting towards the altcoin group with notable momentum. In the context of much of the market still being hesitant, some names like Monero (XMR), Aave (AAVE), and Worldcoin (WLD) have quietly surged, drawing attention from investors.
The stability of Bitcoin at critical price levels has created conditions for capital to shift towards assets with higher beta coefficients – tokens that often experience significant volatility but also possess strong profit potential. This move not only reflects an increased risk appetite but also contributes to a robust recovery wave in projects with solid fundamentals and compelling investment narratives.
Accumulation Status
At the current time, Bitcoin is trading around the $109,000 level, showing resilience in the upper range of the Bollinger Band — a positive sign reflecting stable market sentiment. The RSI index is recorded at 67.71, nearing the overbought zone, indicating that strong upward momentum is still present without any clear signs of weakening.
Meanwhile, the OBV indicator is almost flat, indicating that buying pressure is temporarily cooling down even though the price trend still leans towards increasing. This pause could be a preparation for a new breakout, as the market is accumulating strength.
With the support platform of BTC being solid and market volatility contracting, traders seem ready to accept higher risks in search of more attractive yields — especially when Bitcoin is currently acting as a stable "anchor" amidst the waves of volatility in the digital asset market.
WLD breaks out, but…
Worldcoin (WLD) has surged over 35% in the past two weeks and is currently solidly accumulating around the $1.43 level – a signal that the upward trend is still being maintained.
The RSI indicator currently stands at 63.94, reflecting that buying pressure is still strong and the market has not entered the overbought zone. However, the CMF (Chaikin Money Flow) indicator leans slightly towards the negative zone, revealing that the inflow of money is gradually weakening – a sign that needs to be closely monitored.
Although the overall industry recovery trend has provided significant momentum for WLD, on-chain data remains quite sluggish. This raises questions about the sustainability of the upward trend without stronger participation from new capital.
XMR accelerates, but is it time to cool down?
Monero (XMR) has surged strongly, surpassing the $411 threshold, thanks to a price increase wave spreading among privacy-focused cryptocurrencies. This impressive rally contributed to pushing the total market capitalization of the entire security coin segment above the $10 billion mark – an important milestone reflecting the growing interest from investors.
However, the daily trading volume shows signs of slight decline – a signal that cannot be ignored, indicating that the upward momentum may be gradually weakening. Although XMR is benefiting from the wave of attention towards "privacy coins," investors should prepare for the possibility of entering an accumulation or correction phase – unless a new strong catalyst emerges to continue pushing prices higher.
AAVE surges, but signs of overextension are gradually appearing
AAVE has just reached a new peak at $267, continuing its upward trend since the remarkable breakout in mid-May. At the same time, this coin has also benefited from the widespread price increase within the DeFi group and security tokens.
However, with the RSI index reaching 71.57 – a level considered overbought – AAVE is signaling a warning about the possibility of a short-term correction in the near future.
After a nearly 80% jump in the past month, a short-term accumulation phase may be the necessary stepping stone before the market establishes a clearer trend.
SN_Nour