Identifying Which Altcoins Will Become the “Real Deal” After the Trend Reversal

If history is any indication, Bitcoin and Ethereum are solid for trading and wealth creation. But according to one analyst, the real potential for big profits often lies in altcoins. German Miles shared his analysis on which altcoins look promising for the long term amid the current market dynamics. He said that significant sell-offs often spur speculation that key levels have been breached, leading to questions about the trajectory of the broader market.

He described the setup as one of the clearest long-term opportunities he has ever seen, with short-term pressures like selling and macroeconomic trends balanced with long-term positives like ETFs and upcoming political events. The analyst outlined two main strategies to play the market: wait for altcoins to reclaim key support levels or accumulate at major support points.

Also discussed were watching breakouts on diagonal trend lines, proposing a strategy of buying retests and adjusting positions upwards, or waiting for potential dips to buy lower and take profits on bounces. He also talked about a scenario where Solana could drop to $80-$100, with the intention of accumulating more if such a sharp dip occurs and bounces.

According to Miles, Ethereum and Solana are strong candidates: Ethereum will benefit from upcoming ETF launches, and Solana will show resilience during the recent market turbulence.

Will meme coins perform better?

Discussing the unexpected strength of meme coins during recent market downturns, he highlighted amusing resurgences in popular meme coins like Whiff, Mog Coin, and Popcat. This resurgence, he said, explains a broader trend favoring meme coins in the current market cycle, driven by community engagement and cultural appeal rather than technological promise.

He suggested that meme coins could perform better due to the liquidity spread across many new tokens, diluting the value of older ones in the market. The analyst concluded by recommending a thoughtful approach to portfolio adjustments, suggesting a gradual change over 2-3 months if considering a move to meme coins or other altcoins.

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