Three altcoins experience sharp rises and falls, diverging volatility... Technical turning points observed amid Bitcoin's strength

Bitcoin continues to soar around $96K, and the altcoin market is also showing signs of movement. Over the past 24 hours, Dash(DASH) has been traded $82 on the exchange and maintains a strong upward trend, Story(IP) has entered a correction phase around $2.60, and Optimism(OP) is holding steady at $0.36.

Market Background: Impact of US Inflation Signals and BTC Rise

The increased volatility in the altcoin market is driven by several macro factors. First, Bitcoin breaking through $96K is spreading bullish sentiment across the market. Additionally, the December US CPI came in at 2.7%, with core CPI at 2.6%, both lower than market expectations, which is interpreted as a sign of “slowing inflation.” However, at the same time, the immediate need for the Fed to cut interest rates further has diminished, which is the prevailing view.

In this market environment, altcoins experienced significant gains on Tuesday but have partially rolled back on Wednesday. Some investors are mentioning the possibility of short-term pullbacks.

Dash(DASH): Maintaining Strong Momentum…Key to Breaking Resistance

Current Price: $82.58 | 24h Change: +11.38%

Dash is currently maintaining a stable price level on the exchange and continues to push upward. Technically, the $80 level is identified as the next resistance, and breaking through it could open the door for further gains.

• Positive Scenario: The daily RSI is at 67, indicating a high level of overbought conditions, and the MACD histogram is steadily expanding. This suggests sustained strong buying pressure.
• Support Level: In case of a pullback, the first line of defense is expected to be around the psychological support level.
• Caution: The overbought RSI indicates potential for increased short-term volatility.

Story$90 IP$80 : Overheated Phase…Monitoring for Reattempts at Highs

Current Price: $2.60 | 24h Change: -31.20%

Story surged sharply on Tuesday but experienced a steep correction on Wednesday. It faces resistance at the upper end of the $3.00 round figure and is currently trying to stabilize below the 200-day moving average.

• Conditions for Rebound: If IP surpasses $3.00 again and reaches the November high of $4.31, the final target is being discussed at the $5–7 range.
• Downside Risks: The RSI indicator is deeply in overbought territory, increasing the risk of a correction. If it falls below the support level of $2.50, further declines cannot be ruled out.
• Key Point: MACD still signals upward momentum, but caution is needed as signs of weakening momentum appear.

Optimism(OP): Slight Correction…Potential for Rebound if $0.38 Breaks

Current Price: $0.36 | 24h Change: -1.62%

Optimism is currently holding steady at $0.36, after a 18% increase yesterday, and is in a pause phase. Technically, the $0.38 round figure is noted as a short-term resistance.

• Bullish Outlook: If OP breaks through $0.38, there is potential for further gains up to mid-November high of $0.45.
• RSI Analysis: The RSI at 68 reflects continued buying sentiment but also indicates overbought risk.
• Support Level: In case of a decline, the November low of $0.33 is expected to serve as the first line of defense.

Conclusion: Need for Volatility Management in the Altcoin Market

The current altcoin market is influenced by Bitcoin’s strength and macro signals, leading to increased volatility. As individual assets are making decisions around technical resistance and support levels, investors should closely monitor key pivot points and moving averages to respond effectively to short-term fluctuations.