Altcoin Market Sees Significant Gains as Prices Break Through Moving Averages

The cryptocurrency market is experiencing a surge in prices as several altcoins have broken through their moving average lines. Pi (PI), Kite (KITE), Morpho (MORPHO), and Cosmos (ATOM) are among the top performers, with significant gains over the past week.

According to recent data, Pi has rebounded above its $0.13 low and broken through the moving average lines, reaching a high of $0.20. If bullish momentum continues, it could reach a high of $0.28. Kite's price has also resumed its upward trend after retracing to a low of $0.235, and is currently approaching the initial barrier of $0.24.

Morpho's price has risen above its $0.97 low and broken through the moving average lines, with an expected surge to a high of $1.66 once it breaks through the $1.50 barrier. Cosmos is also recovering from the bottom of its chart after breaking above the moving average lines, with a current price above $2.31.

Bittensor's (TAO) price remains confined between the moving average lines, but has recovered in recent days and surpassed the 21-day SMA support. However, it will fall to a low of $156 if it loses this support.