Altcoins
Here’s a list of altcoins that are making noise
Bitcoin is currently at $60,000 and is attempting to reclaim key range lows above current levels. While there are positive signs, there is still a lot of work to be done to confirm a sustained uptrend. On Crypto Banter’s Kyle Doops Trading Show, the analyst presented a list of coins that have reached key support levels, noting that while the overall trend is down, a move could lead to a reaccumulation phase.
The analyst discussed several key opportunities in the altcoin market, starting with Chainlink (LINK). He emphasized that Chainlink is poised to reclaim its range-bound level, with money flow increasing, indicating a potential bounce to $18.
Turning to Ethereum (ETH), he noted that if Bitcoin were to suffer a rejection down to $50K, Ethereum could plummet to its lows. This scenario would present a buying opportunity, but he stressed that he would not delve into other altcoins like Solana and Ton in this discussion.
Next up was Sui (SUI), which has been in an aggressive downtrend but is now at a crucial support level. He explained a successful live trade on Sui, noting a 16% gain and the potential for further gains if the downtrend line is broken.
He then talked about Injective (INJ), which is also at a key support level around the $17-$18 mark. He suggested that this area is ideal for reaccumulation, with the potential for a return up to $30 and eventually $45, offering a gain of over 100%.
He then talked about Aleph Zero (AZERO), which is showing a massive bullish divergence and is forming a significant deviation in its range. Aleph Zero has recently become compatible with EVM, adding to its bullish potential. He outlined a strategy for a short-term entry, targeting a breakout above a specific level, which could lead to substantial gains.