Cryptocurrency prices surged on June 29 when the price of Bitcoin (BTC) broke the $35,000 resistance level and the total market capitalization increased by $93 billion, $50 billion more than the altcoin had flooded.

Bitcoin gained 7% on the day to rise above $36,000 again, and top traders anticipate an increase between $38,000 and $41,000 if (BTC) can support the $35,000 level.

Daily cryptocurrency market indicators. Source: Coin360
When the market turned green, Cointelegraph Markets Pro data tracked notable upward trends in a select number of selected altcoins, including Polygon (MATIC), SushiSwap (SUSHI) and PancakeSwap (CAKE).

Polygon (Matic)
The first coin to gain traction recently is Polygon (MATIC), a layer two solution for the Ethereum (ETH) network, which has surged 35% since the low of $0.93 on June 22, when BTC dropped below $29,000.

VORTECS™ data from Cointelegraph Markets Pro began showing an optimistic outlook for MATIC on June 27, ahead of the recent rally.

VORTECS™ rates (in green) vs. MATIC price. Source: Cointelegraph Markets Pro
As you can see in the chart above, VORTECS reached ™ for the MATIC 80 and turned green on June 27, when the MATIC price started to rise 21% from $1.03 to $1.25 over the next 48 hours.

The NewsQuake alert system recorded the news of MATIC’s listing on OKEx on June 28, followed by a VORTECS rating upgrade to a maximum of 91 and a 10% price increase on June 29.

Sushi Swab (Sushi)
Cointelegraph Markets Pro also called SushiSwap (SUSHI) a strong driver after the property’s VORTECS reading turned bullish.

VORTECS™ rates (in green) vs. SUSHI. Source: Cointelegraph Markets Pro
As you can see in the chart above, market conditions have been favorable for SUSHI for quite some time, with the VORTECS reading turning dark green and reaching 80 on June 27, just four hours before the price climbed 30% from $6.47 to $8.45 during the next two days. SUSHI’s price is now up 42% from its low of $3.96 on June 22nd.

Swab Pie (Cake)
Cointelegraph Markets Pro data also indicated a VORTECS score increase for PancakeSwap (CAKE), the automated market maker and decentralized exchange operated by Binance Smart Chain.

VORTECS™ (in green) prices for cake. Source: Cointelegraph Markets Pro
As you can see from the above chart, VORTECS indicators for CAKE result were negative for most of the past week, recording 72 pips on June 27, which is about five hours before the price started to rise 21% from $11.83 to $14. 44 in the next two days. Cake price is now up 50% from the low of $9.64, which also happened on June 22nd.

Bitcoin crossed $36,000
The strength seen in the altcoin market over the past couple of days is largely due to the strong performance of Bitcoin, which eventually broke the $35,000 resistance and is currently trading at $36,400.

4 hour BTC/USDT chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView shows that after trading at $35,300 to $33,850 on Monday, Bitcoin surged 6.65% on Tuesday from $34,200 to an intraday high of $36,509.

Traders are now targeting the $41,000 resistance level as the next short-term hurdle.

Source: CoinTelegraph

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