SOL Analysis: Key Support at $122 & Bull Run ProjectionsSOLUSD is currently showing strong support at $122, providing an excellent opportunity for significant gains. If this support level holds, we could witness a notable upward movement. However, if the $122 support breaks, the next crucial support level lies at $84, from where a bounce is expected, especially with the approaching bull run in Q4 2024.
Historically, bull runs bring high volatility and substantial price rises. This bull run is expected to follow the same pattern, with the market potentially peaking around March or November 2025. It is crucial to be prepared to exit the market around this time, as the bull run is likely to end then.
Based on historical data and calculations, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip the $7,385 resistance by February 2025, we might see it reaching a maximum target of $9,464. During the previous bull run in 2021, SOL pumped from a bottom of $0.21 to a peak of $260, delivering an astonishing return of 121,295% between April 2020 and November 2021. The bear market began in 2022, consistent with historical patterns of price pumps during bull markets.
We anticipate similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak.
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Cryptocurrencyforecast
Alpha Potential Surge: Preparing for the Next Bull Run 2025Alpha is currently showing a strong support level at $0.07250. This presents a significant opportunity for potential gains. If the support at $0.07260 breaks, the next strong support lies at $0.06735, where we expect a bounce. With the alt season approaching, it's crucial to monitor these levels closely.
Historical data suggests that AlphaUSD could reach a minimum target of $5.62 during the next bull run. If this resistance is flipped by January or February 2025, we might see the price surge to a maximum target of $8.72. The previous bull run in January 2021 showed unexpected volatility.
It's essential to keep the trade active while observing the resistance zones. Remember, we should exit the market around March or October 2025 as the alt season is likely to end during this period.
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Cortex (CTXC) completed a setup for upto 89% rallyHi dear friends, hope you are well, and welcome to the new trade setup of Cortex (CTXC) with US Dollar pair.
Previously we caught almost 25% pump of CTXC as below:
Now on 4-hr time frame, CTXC has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETHUSDMost likely, such a strong growth occurred against the backdrop of news about ETFs on Ethereum.
The deadline for approval of Ethereum ETF applications is May 24.
For further growth, you need to break through the resistance at $2,732 and consolidate above this level. Targets in case of further growth are marked with blue lines. As in the case of Bitcoin, we do not buy Ethereum yet, because it is dangerous. Also keep in mind that there is quite a lot of liquidity in the $1870 zone.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
LINKUSDLink holds up well. After falling to support, we bounced back quite quickly. We wouldn't buy LINK at this point.
If you are in a position, keep a close eye on the resistance at $19.84. If Link can break through it and gain a foothold above, then we can consider taking subsequent targets marked with blue lines.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
TOTALTOTAL - is the total market capitalization of all cryptocurrencies.
We have come to a big resistance at 1.732. If we manage to break through and gain a foothold higher, then we will consider the targets indicated by blue lines.
The crypto market as a whole may still show growth. But you need to be extremely careful, since the cryptocurrency has already grown well.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BTCUSDT Bitcoin HalvingBTCUSDT: Bitcoin Halving
We are considering two options:
Growth option - we expect that the price will hang out sideways for some time. For further growth, you need to gain a foothold above the channel. If you trade and take risks, we offer you blue lines as targets for growth.
We are not buying Bitcoin yet.
Downside Option - The situation is very tense right now considering that since the beginning of 2023 the Bitcoinl has grown by 200% without any good downturns. Even despite the news about halving, it is now dangerous to buy Bitcoin, because whales often sell Bitcoin on such news. Also keep in mind the large liquidity around $33,900.
At the moment, there is no point in guessing where the cue ball will go. It's literally a 50/50 lottery. As we have already mentioned, we are not buying cue ball yet, because it is better to make less profit than to sit in the red. At this point, we have placed buy orders just above the $34,000 zone.
SOLUSDTLet's take a closer look at Solana. We will consider targets indicated by blue lines if the price can break through the green line and consolidate above it.
Target 1 – 101.21
Target 2 - 106.59
Target 3 – 112.40
Target 4 - 119.79
You can also pay attention to the red dotted line. This is also resistance, at which there has already been a false breakout. When planning to buy a Solana, be extremely careful.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
MATICUSDTI propose to consider the medium-term situation, because in the short term everything looks bad. A symmetrical triangle figure appeared on the chart. The price can go both up and down with a 50/50 chance.
In case of an upward movement and consolidation, it is worth considering the targets indicated by blue lines.
Target 1 - 1.1517
Target 2 - 1.3871
Target 3 - 1.5898
In case of going down and consolidating below, focus on the red lines as support in the area of 0.4007 - 0.2334
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
SOLUSDTIt is still difficult to predict anything about Solana; the price has not yet left the side channel.
A lot of liquidity had accumulated around $60; just in case, we placed buy orders at these levels.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BTCUSDT: Medium-term ideaWe expect Bitcoin to move sideways for some time. In case of an upward move, we consider the targets indicated by blue lines: $50,499 - $56,396. If we get a downward exit, we will consider the following goals: $35,178 - $31,866
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BTCUSDT: Short term ideaWhile the price is above the rising trend line. If the ascending trend line is broken that the price will most likely fall to the lower border of the side channel. The following goals are worth considering:
1) 40348
2) 39587
3) 38450
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
ETHUSDEthereum is trading above strong support at $1924. This is a good sign that gives ETH every chance to achieve the second and third goals.
But in any case, you need to keep an eye on Bitcoin, because Ethereum is directly controlled by the Bitcoin trend. Now Bitcoin is below its big resistance.
Don't forget to show your support by like(rocket) and comment✅
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
XRPUSDTReview
Ripple is trading above strong support at $0.58. Bitcoin as a whole gave a good upward impulse, which only benefited XRP.
If the upward movement continues, we consider the following targets: 0.711 – 0.899 – 1.039 – 1.180.
However, this idea will lose relevance if buyers fail to hold support at 0.58.
In case of updates, we will inform you immediately.
Don't forget to show your support by like(rocket) and comment✅
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BTCUSDTBTCUSDT
Update
Since our last update, Bitcoin has risen to $37,900.
The target of $37,100 was reached. For further growth, you need to break through the level of $38,450 and gain a foothold above it.
Congratulations to those who took our advice and held 10% of their portfolio in BTC. Now you can fix part of the position at your discretion. We continue to hold approximately 7% of the portfolio in BTC in case of a move even higher. While we are monitoring the situation, we will write if there are any updates.
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SOLUSDTIf the price manages to consolidate above the support at $86, then it is worth considering the following targets: 97.99 – 109.16 – 119.91 – 134.29.
In case of any important updates, we will write here immediately. Don't forget to turn on notifications.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
TOTALTOTAL
TOTAL is the total market capitalization of all cryptocurrencies.
On the chart, after a long accumulation since May 2022, we see the first glimpses of growth, as on TOTAL2.
For overall growth, you need to break through the red resistance at 1.281 and gain a foothold above it. After this, we will have the opportunity to take the following targets: 1.434 - 1.63.
There are no large volumes up to the level of 1.63. We are currently monitoring the situation.
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DOTUSDTDOTUSDT
The coin has every chance of good growth. Following Bitcoin's momentum, we pulled back from the red support and began moving higher. For more global impulses, we need to break through the green resistance line and gain a foothold above it.
If this happens, we will consider the following goals:
1 - 5.98
2 - 6.76
3 - 8.53
4 - 10.42
But don't forget, the higher the goal, the more dangerous it is. Don’t be greedy and fix parts of your profits on time, so that a sharp drop doesn’t eat up your entire profit.
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BTCUSDTBTCUSDT
Update
Rising line marked in green this is support. As long as BTC is above this line, altcoins can begin to grow strongly.
Now we need to monitor the situation very closely, because next time the rising trend line may not withstand the pressure of sales.
We will write to you in case of any updates.
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IOTAUSDReview
I suggest looking at this coin from a long-term perspective, because this is one of those assets that you can take into your portfolio.
Throughout the bear market, buyers were able to hold onto 2 year support. Since June 2023, the price has increased by 175%, which gives us excellent prospects for big growth during the altseason.
It’s not worth buying a coin right now, because it’s very likely that we can see another good drop in alts. In the near future, we also expect that the coin will move in the channel, which began to form back in 2018.
Why is it worth taking a closer look at this particular coin?
IOTA became the first registered distributed ledger technology (DLT) fund under the auspices of the Abu Dhabi Global Market (ADGM) in the UAE. The move highlighted IOTA as a leader in digital finance in the Middle East and North Africa (MENA) region.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
Comprehensive Analysis of $BTCUSD Price Movements, Halving ImpacIntroduction:
This analysis explores critical factors influencing Bitcoin's price movements, including technical analysis, halving effects, trading setups, and recent market news.
Technical Analysis - BTC/USDT Chart:
Analyzing the BTC/USDT chart, a retracement to $34,000 is expected, forming a potential bull trap. Subsequent downward momentum is foreseen, reaching $29,000-$30,000, attracting smart money.
Further projections include breaking resistances at $50,000, a brief pullback to $44,000 (CME gap zone), followed by a surge to $74,000. A correction to $55,000 ensues, paving the way for continued bullish trends to $81,000-$83,000. A substantial correction is anticipated thereafter.
Halving Information:
The impending Bitcoin halving introduces challenges before the event, emphasizing the need for strategic decision-making, especially in the context of emerging ETF developments.
Trading Setups and Corrections:
Current market dynamics reveal a correction phase nearing completion. Traders should monitor for potential entry points as this phase concludes, setting the stage for the next upward trajectory.
Financial News Impact:
Recent financial news highlights the launch of Salvadoran Bitcoin volcano bonds in Q1 2024 post-regulatory approval. This development could positively influence market sentiment, impacting Bitcoin's price dynamics.
Ethereum's 2024 Prospects:
JPMorgan forecasts Ethereum's outperformance over Bitcoin in 2024, adding complexity to the cryptocurrency landscape and emphasizing the importance of diversification.
Conclusion:
In conclusion, the analysis suggests a nuanced journey for Bitcoin, marked by retracements, bullish phases, and corrections. The impending halving, evolving trading setups, and external factors such as financial news and Ethereum's performance contribute to the dynamic nature of the cryptocurrency market. Traders are advised to exercise caution, stay informed, and adapt strategies to navigate the inherent volatility in the crypto space.