A group of altcoins looks ready to extend their rallies in the coming days, fueled by the ongoing drop in Bitcoin and Ethereum dominance.
Weekly Performance Highlights
- MemeCore (M) skyrocketed nearly 230% over the past week.
- Story (IP) climbed 35% and maintained support above the $8 level by Friday.
- Pump.fun (PUMP) jumped close to 7% in a single trading session.
- Sky (SKY) advanced 15% this week, now priced at $0.0735.
- POL delivered a 14% weekly rise and added nearly 5% on the day, showing strong momentum for continued growth.
By contrast, Bitcoin’s price remained mostly flat, staying just under $111,000. Ethereum dropped about 3%, stabilizing below the $4,300 support line.
Market Analysis
Despite muted performance from Bitcoin and a slight pullback in Ethereum, these altcoins logged notable double-digit increases during the week.
MemeCore (M)
M trades at $1.6520, with resistance around $1.7688 (September 5 peak) and support levels at $1.40 (S1) and $1.13 (S2). Indicators show bullish signals: RSI at 87 suggests overbought conditions, while MACD continues to print strong green bars.
A daily close under $1.40, however, could weaken the bullish outlook and open a path toward $1.13.
Story (IP)
IP is priced at $7.8687 and could push toward $8.5705 (R1), a potential 9% move upward. If momentum continues, the next resistance target is $9.0958 (R2). RSI and MACD both support a bullish setup.
Pump.fun (PUMP)
PUMP is trending higher with a target at $0.005199, its all-time high. Key support zones are $0.004500 (S1) and $0.004137 (S2). RSI is sloping upward, and MACD remains positive above the neutral line, reinforcing the bullish case.
Sky Protocol (SKY)
SKY has been moving between $0.07882 and $0.06025, trading at $0.07454 at present. Resistance is at $0.07882, while support is near $0.06025. Technical indicators favor continued gains unless the price closes below $0.06886.
POL
POL trades at $0.2770 with resistance near $0.2964. Support levels are positioned at $0.2500 (S1) and $0.2309 (S2). Both RSI and MACD suggest additional upward momentum is likely in the short term.
Bitcoin Dominance and Altcoin Prospects
Bitcoin’s dominance has been on a steady decline since June 27 and currently sits at 58.69%, close to the August 24 low of 57.69%. This shift has provided an opportunity for altcoins to attract more liquidity and price momentum.
If Bitcoin dominance remains capped below 60%, capital rotation could continue favoring altcoins, with inflows from both retail traders and institutional investors supporting their rise.
