- Bitcoin’s drop below $80K has rattled markets, raising the risk of a broader crypto sell-off.
- Meanwhile, altcoins like PI, OKB, GT, and ATOM are showing signs of strength and could outperform if key resistance levels break.
The crypto markets are buzzing once again, and not in the way bulls were hoping. Bitcoin (BTC) slipped below the psychologically important $80,000 mark, sparking fears of a broader sell-off as U.S. equities prepare to open in the red. While BTC had recently shown signs of decoupling from traditional markets, today’s drop raises doubts about its short-term momentum.
Still, while the king of crypto struggles, several altcoins — namely Pi Network (PI), OKB, GateToken (GT), and Cosmos (ATOM) — are flashing technical signals that hint at potential outperformance.
Also read: Cryptocurrencies to Watch This Week: Aptos, XRP, Solana
Altcoins Showing Signs of Life
Pi Network (PI), after a brutal downtrend since late February, has finally shown a flicker of hope. A bounce from recent lows has brought the price back near the 20-day EMA. If bulls can hold this level and break resistance, the token could retest $1.10 or even reach $1.26. But the danger zone sits below $0.40 — a level that, if lost, could send PI into freefall.
OKB has been a standout performer in recent days. The token broke above short-term resistance at $54 and may soon challenge the descending channel’s upper boundary. A decisive breakout could ignite a rally toward $68–$70. Bulls should watch for an inverted head-and-shoulders pattern taking shape on the 4-hour chart — a breakout above the neckline could be the trigger.
GateToken (GT) is treading water, but not without hope. It’s consolidating near the 50-day SMA and resisting bearish pressure. A push above $23.18 could lead to a breakout toward $26, but a breakdown below $22 would paint a less optimistic picture.
Cosmos (ATOM), meanwhile, is attempting to carve out a bottom. Price action around the $5.15 resistance will be key. A successful breakout could catapult it to $6.50 or higher, while a slip below $4.15 would signal a bearish turn.
Is Bitcoin Still the Market Compass?
With macro uncertainty brewing and altcoins showing selective strength, Bitcoin’s dominance may continue to waver. If these altcoins can maintain bullish momentum amid Bitcoin’s stumbles, a short-term leadership shift in the crypto market may be on the horizon. Still, traders should stay nimble — volatility remains the only certainty.
