• Altcoins ADA and SHIB prices rlly behind BTC and ETH. 
• ADA price has surged a significant amount due to several bullish catalysts.
• SHIB price could surge over 50% if it breaks a resistance level.

The crypto community continues to celebrate the return of bullish sentiments as the price of Bitcoin surges towards targets over $74,000 and the price of Ethereum surges to targets over $2,300. As a result, altcoins ADA and SHIB prices rally behind BTC and ETH, showing high promise for bullish weeks ahead. Alongside ADA and SHIB, more promising altcoins like XRP are also on the rise. 

Altcoins ADA and SHIB Prices Rally Behind BTC and ETH

Several altcoins are currently moving on the up and up as both BTC and ETH move towards higher price targets. At the moment, this sudden spike in BTC and ETH prices has revived bullish sentiments, and many analysts expect the end of the short crypto winter and hope to see a continuation of the bull cycle, perhaps even adding fuel to the 5-year supercycle theory, which can usher in new ATH prices and altseason. 

The expectations for altseason are even stronger, as even bearish analysts believe this final price surge in BTC will allow altcoin prices to rally and finally showcase the ability to enter an altseason peak stage. Presently, eyes are on the ETH price in particular, as experts like Tom Lee and Robert Kiyosaki in particular have stated that the price of ETH could shoot up to hit new ATH prices between the $8,000 and $15,000 price range soon. 

According to the 5-year bull cycle theory, altseason is very likely to arrive once BTC pushes past certain resistance levels, leading to an inevitable rise in the price of ETH, and finally an eventual rise to all promising altcoin prices. Already, promising and highly potent altcoins like ETH, ADA, XRP, SHIB, and many other altcoins are making a prominent move towards reclaiming higher ATH prices. 

As we can see from the post above, the price of altcoin ADA is up by over 9% in the past 24 hours, and the catalysts seem to be stacking up for the asset to continue to perform well. In particular, the post talks about how the altcoin’s trading volume surged by 98% as Cardano’s DeFi TVL climbed 23.5% in just 12 days, fueled by the Circle-backed USDC stablecoin integration and $80 million in cross-chain inflows via Wanchain. 

Altcoins Show High Promise of Bullish Weeks Ahead

Similarly, the price of SHIB is also on the rise. As we can see from the post above, SHIB has given a clean breakout from the counter trendline, showing signs of short-term strength. What is expected next is for the price to move toward the upper descending trendline, which is the next main resistance. If SHIB manages to break that trendline as well, a strong rally of over 50% is possible.