A generally followed analyst runs Bullish on Altcoins after the sudden correction of the cryptomarket at the weekend.
Pseudonymous Crypto trader Kaleo tells are 682,500 followers on the social media platform X that the market for digital assets can soon be enter A “only” phase “based on the Bitcoin Dominance (BTC.D) graph that may have reached a local top.
Traders use BTC.D to see if Altcoins perform better than Bitcoin because the metric calculates how much of the crypto market capitalization belongs to BTC.
Out Kaleo,
“Bitcoin Dominance shot up with the last stage of that flush. Should not be much longer before we see that alts are performing better than. ”
BTC.D is currently 61.33% after reaching a weekend high from $ 64.09%.
The trader believe Several Altcoins have hit their market base – including Memecoin Pepe (Pepe) – and are preparing for huge rallies.
“Pepe target. Start with the bouncing. “
Looking at his graph, the trader suggests that Pepe will rise more than $ 0.00001600 this month.
Pepe acts for $ 0.00001019 at the time of writing, an increase of 10.3% in the last 24 hours.
Next, the trader to predict That Ethereum (ETH) competitor Solana (SOL) is on its way to $ 1,000 after falling below $ 200.
“Sol under $ 200 is free. Send to $ 1,000+ CVs soon. “
Sol acts for $ 207 at the time of writing, an increase of 1% in the last 24 hours.
Kaleo too out That Layer-1 Blockchain Avalanche (Avax) can soon reclaim the level of $ 50 as support.
“Avax bad under HTF (high -time frame) support is already about to reclaim it. Expect that this momentum will lead to a quick move to $ 50+ from here. “
Avax acts for $ 27.43 at the time of writing, a decrease of 6.3% in the last 24 hours.
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Generated image: dalle3
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