Altcoins
Here is a list of altcoins that are making noise
Bitcoin is currently at $60,000 and attempting to reclaim crucial lows above current levels. While there are positive signs, there is still work to be done to confirm a sustained uptrend. As part of Crypto Banter’s Kyle Doops Trading Show, the analyst outlined a list of coins hitting key support levels, emphasizing that while the overall trend is down, a change could lead to a reaccumulation phase.
The analyst discussed several key opportunities in the altcoin market, starting with Chainlink (LINK). He pointed out that Chainlink is on the verge of regaining its range level, with increasing money flow, indicating a potential rebound to $18.
Regarding Ethereum (ETH), he noted that if Bitcoin were to face a rejection at $50,000, Ethereum could drop to its lowest levels. This scenario would present a buying opportunity, but he stressed that he would not be discussing 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 discussed Injective (INJ), which is also at a key support level around $17-18. He suggested that this area is ideal for reaccumulation, with the potential for a return to $30 and eventually $45, offering a gain of over 100%.
He then talked about Aleph Zero (AZERO), which is showing massive bullish divergence and forming a significant deviation towards its range. Aleph Zero recently became EVM compatible, which adds to its bullish potential. He presented a strategy for a short-term entry, targeting a break above a specific level, which could lead to substantial gains.