Flare, Ondo, and Bittensor led altcoin rallies on Thursday as markets welcomed President Trump's tariff suspension.
Bitcoin struggled to sustain momentum, with traders quickly taking profits amid shifting tariff policies.
Bittensor reveals a descending wedge pattern, signaling a potential 50% breakout.
Altcoins staged a remarkable rebound on Thursday after U.S. President Trump abruptly paused retaliatory tariffs, which had been in effect for less than 24 hours. Flare (FLR) spearheaded the bullish charge, trading at $0.0145 with a 26% 24-hour gain. Ondo (ONDO) and Bittensor (TAO) followed closely, rising 18.37% and 20% respectively to $0.8580 and $236.
Can Altcoins Outshine Bitcoin in Q2?
Since President Trump’s tariff tensions began, crypto markets trended downward. Bitcoin (BTC) dipped to $74,508 on Monday, its lowest level since November.
Trump’s tariff reversal—a 90-day pause excluding China’s 104% duties—revived global markets during Wednesday’s U.S. session and Thursday’s Asian trading.
However, Bitcoin’s rebound faltered after touching $83,588. As of Thursday, BTC hovered near $82,200, up 7.4% in 24 hours.
Whether Bitcoin can reclaim $90,000 hinges on macroeconomic factors. Despite the tariff reprieve, analysts warn of lasting U.S. economic repercussions.
Meanwhile, altcoins rallied hardest, with Flare, Ondo, and Bittensor dominating the top 200 cryptocurrencies. Despite altcoin surges, Bitcoin’s dominance recovered to 62% ($1.63T market cap).
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Flare’s Bullish Momentum
Flare surged post-tariff pause, rebounding from $0.0108 support (see chart below) before stalling at $0.0187—just below its channel resistance.
The Moving Average Convergence Divergence (MACD) validated the uptick with a buy signal (blue line crossing above red). The Relative Strength Index (RSI) climbed above its average after hitting 25.64 (oversold), confirming bullish sentiment.
Key Levels for FLR:
- Support: $0.0145 (channel midline)
- Resistance: $0.0187 (upper channel)
- 50-day EMA: $0.0156 (critical hurdle)
A breakout could propel FLR higher, but a retest of $0.0108 remains possible if macroeconomic headwinds persist.
Ondo’s Recovery Prospects
Ondo traded at $0.8500, eyeing a breakout above its 50-day EMA ($0.9223). The RSI’s trendline breakout and MACD buy signal suggest growing bullish momentum.
Ondo’s Path Forward:
- Upside Target: $1.4725 (2024 high)
- Downside Risk: $0.5687 (2024 support)
Failure to overcome EMA resistance may trigger profit-taking, testing $0.5687 again.
👉 Dive deeper into altcoin strategies
Bittensor’s Wedge Pattern Breakout
Bittensor (TAO) defended $175 support during Monday’s sell-off. Post-tariff pause, TAO climbed to $236, with MACD/RSI hinting at a 50% upside toward $393 (wedge pattern projection).
TAO’s Critical Zones:
- Resistance: 50-day EMA ($272), 100-day EMA ($330)
- Support: $175 (July/August 2024 base)
FAQ: Altcoins vs. Bitcoin
Q: Why did altcoins rally after Trump’s tariff pause?
A: Reduced macroeconomic uncertainty boosted risk appetite, favoring high-growth altcoins.
Q: Can Bitcoin’s dominance decline further?
A: Yes, if altcoins sustain momentum and Bitcoin lacks catalysts (e.g., ETF inflows).
Q: Is Bittensor’s AI narrative driving its surge?
A: Partly—TAO benefits from AI sector hype and technical buying near key supports.
Q: How long might tariff pauses last?
A: 90 days, but extensions depend on U.S.-China negotiations.
Note: All data reflects pre-tariff pause market conditions. Monitor real-time charts for updates.
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