Bitcoin's recovery trend: These 5 altcoins are gaining momentum

Bitcoin, which rose above $95,000 along with the reaction it received from the $93,700 level, revived the altcoin market.

Bitcoin, which has been in a downward trend for the last two weeks, started to give positive signals. The leader of cryptocurrencies, which dropped to $93,700 in the morning, then rose to $96,500. BTC is currently trading at $95,300 at the time of writing. So, which altcoins have followed this rise in BTC the most?

1- Algorand (ALGO)

ALGO, which frequently made headlines in the 2021 bull market, has risen by 13% in the last 24 hours. As of the writing of the news, ALGO, trading at 0.35 dollars, could target 0.50 dollars as long as it continues in the uptrend.

2- Aave (AAVE)

Please provide the text to be translated. The popular name of DeFi projects AAVE has shown an 11% increase in the last 24 hours. AAVE, which stands firm in declines, has given positive signals for the upcoming bull season. The resistance level to be noted in the short term for the pair will be $350.

3- Curve DAO (CRV)

CRV, which has shown a 10% performance in the last 24 hours, managed to maintain its rising trend. The popular altcoin, priced around 0.85 dollars, can target the 1 dollar band if it maintains this level.

4- FTX Token (FTT)

FTT, the native token of the bankrupt crypto exchange FTX, has shown an unexpected surge. Rising 8% in the last 24 hours, FTT has climbed to the fourth position on the list. Rumors about the reopening of FTX will further impact the price movement.

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5- Hedera (HBAR)

HBAR, which caught an upward trend with Spot ETF rumors, has shown a 6% performance in the last 24 hours. In a scenario where the rumors turn out to be true, significant increases can be observed for HBAR.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their own research when making decisions.