Bitcoin
Here is a list of altcoins that are making waves
Bitcoin is currently sitting at $60,000 and attempting to reclaim crucial lows above current levels. While there are positive signs, there is still more work to be done to confirm a sustained uptrend. On Crypto Banter’s Kyle Doops Trading Show, the analyst presented a list of coins hitting important support levels, emphasizing that while the overall trend is bearish, a shift could lead to a reaccumulation phase.
The analyst discussed several important opportunities in the altcoin market, starting with Chainlink (LINK). He highlighted that Chainlink is about to reclaim its range level, with money flow increasing, indicating a potential bounce back to $18.
Moving on to Ethereum (ETH), he noted that if Bitcoin were to face a rejection at $50,000, Ethereum could fall to its lows. This scenario would present a buying opportunity, but he emphasized 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 in Sui, noting a 16% gain and the potential for further gains if the downtrend line is broken.
He then discussed Injective (INJ), which is also sitting at a key support level around the $17-$18 mark. He suggested that this zone is ideal for reaccumulation, with the potential for a move back to $30 and eventually $45, offering a gain of over 100%.
He then discussed Aleph Zero (AZERO), which is showing a massive bullish divergence and is forming a significant deviation back into its range. Aleph Zero recently became EVM-compatible, increasing its upside potential. He outlined a strategy for a short-term entry, targeting a breakout above a specific level, which could lead to substantial gains.