Altcoins
I bet you are not watching this chart of TOTAL3#ALTSEASON Update🚀
Let’s dive into some detailed alpha!
Take a look at this (Total3-USDT-USDC)/BTC chart. It clearly indicates that #Altcoins could bleed by a maximum of 20% further from current levels in CRYPTOCAP:BTC pairs. However, this doesn’t necessarily mean they’ll lose value in USD terms if #BTC continues to pump, which seems likely in the coming weeks.
Following this, altcoins are expected to start outperforming BTC and will likely peak when this chart reaches around 0.56, with another possible top at 0.91.
PS: The altcoin market is highly fragmented this cycle. Not every altcoin will pump equally or peak at the same time. However, overall, the altcoin market could potentially achieve a top near the 0.91 level, which represents a 3x increase from current levels.
POLY-MATIC Swing Long Idea - Altcoin SeasonMATIC/POLY is one of the leading Ethereum Layer 2 chains. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis:
The price ran the 2022 low and the 2021 March low, generating strong bullish momentum. The run on the 2021 March low is particularly significant because that low initiated the 2021 bull cycle for this coin. I believe this level represents the maximum pain point for MATIC, and most paper hands have likely exited after this level was swept.
Following this move, we observed strong bullish momentum, and a few days later, the weekly structure shifted to bullish, creating a weekly demand zone, which I have marked on the chart. Recently, the bearish trendline responsible for the downward trend since Spring 2024 was broken, and we also have a daily demand zone just below the trendline.
I believe the price may retrace to the daily and weekly demand zones, possibly retesting or deviating slightly from the trendline before taking off. This area also aligns with the Fibonacci equilibrium (discount) zone, which adds further confluence for a reaction from there.
I will look for LTF confirmations before initiating the setup.
SL: $0.27 (daily close below)
TP1: $0.78 (2x from the entry)
I plan to carry this position until the end of the 2025 altcoin bull cycle and will not take profits from this trade. However, I strongly recommend taking some profits while the price rises. My risk management strategy is unique and may differ from yours.
Solana (SOL) Hits New All-Time HighBreaking Records After Near Collapse
Solana ( CRYPTOCAP:SOL ) has achieved a remarkable milestone, surpassing its previous all-time high of $260. This new peak represents an extraordinary comeback from its low of $8 in late 2022 following the FTX collapse. The cryptocurrency market is buzzing with renewed optimism as Solana's trajectory mirrors the broader market resurgence, including Bitcoin's recent record highs.
Fundamental Drivers: Why SOL is Surging
1. Market Sentiment and Political Shifts
Solana’s resurgence coincides with major political developments in the U.S. The recent presidential victory of crypto-friendly candidate Donald Trump has infused fresh optimism into the crypto market. Additionally, the announcement of SEC Chairman Gary Gensler's resignation in early 2025 signals potential regulatory easing, which has boosted investor confidence across the crypto landscape.
2. Resilience and Technological Advancements
Solana's developers have worked diligently to address past issues, notably network downtimes. These improvements in stability, coupled with a strong focus on scalability, have restored faith in Solana's long-term potential. Solana Labs’ expansion into mobile hardware and decentralized apps has also contributed to this positive sentiment, reinforcing the ecosystem's robustness.
3. Alignment with Bitcoin’s Momentum
SOL's surge is closely aligned with Bitcoin's performance. As Bitcoin smashed past $98,000, Solana's price movement echoed this bullish trend, suggesting that institutional and retail investors are diversifying their portfolios within the crypto space.
Technical Outlook
Despite a minor pullback of 0.5% at the time of writing, CRYPTOCAP:SOL remains in a bullish zone. Its Relative Strength Index (RSI) stands at 64, indicating strong upward momentum without being overbought.
Key Indicators:
- Support Level: $223, which served as a resistance-turned-support during the recent breakout.
- Resistance Zone: The next significant resistance is at $300, we are suggesting a potential run to $500 before the end of the year.
- Moving Averages (MAs): SOL trades well above key moving averages (50-day and 200-day), indicating strong bullish sentiment.
Future Outlook: Can SOL Reach $500?
Given its current momentum and broader market conditions, Solana's path to $500 seems increasingly plausible. The ecosystem's growth, strategic improvements, and favorable macro conditions provide a robust foundation for continued success. However, investors should watch for potential market corrections and external regulatory shifts.
Conclusion
Solana's rise to an all-time high underscores its resilience and the growing confidence in its ecosystem. With a bullish technical setup and strong fundamentals, CRYPTOCAP:SOL could potentially hit the $500 mark by Christmas, further solidifying its position as a leading blockchain contender.
ETH’s Next Move: Is $3,600 Within Reach for This Bull Run?Hey Realistic Traders, Is BINANCE:ETHUSDT About to Make New High Again? Let’s Dive In....
On the H4 timeframe, ETHUSDT rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a symmetrical triangle pattern formed and recently broke out above the upper trendline. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.
Based on these technical signals, I anticipate a potential upward movement toward the first target at $3,376 . After reaching this level, a minor pullback is likely before the rally continues toward a new high at $3,684.
This outlook remains valid as long as the price holds above the stop-loss level at 3,008.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
SOL/USDT 1D trade idea Solana has been one of the best performing majors so far this Bullrun, and has had one of the best reactions to the recent sell off.
The DAILY chart is an interesting one and clearly respects the range structure, currently the price has just rejected off the MIDPOINT and for me is an area of contention, there are some triggers i'd like to see and can take action on:
- Accumulation below the Midpoint before a break above putting in higher highs and higher lows when above. The target would then be range high with the 0.75 line as first TP.
- A new lower low and lower high on the LTF from now may signal a move lower, this could then find support at the 0.25 line which is also where the 1D 200EMA is and therefore good support.
ALTCOINS The alt season has officially begun.This is a clear technical representation of the altcoin market (total capitalization excluding top 10 coins) on the 1W timeframe that shows that we are on the 3rd week of the new alt season, which is the strongest rally of the Cycle. You can see all 3 Cycles so far and the common characteristics they share.
It all starts when the previous Bull Cycle peaks and the Bear Cycle starts, which is confirmed after the price crosses under the 1W MA100. Then a prolonged accumulation phase starts and when the 1W RSI bottoms it starts forming HL. A price crossing over the 1W MA100 again, coincides with an overbought 1W RSI, which confirms the start of the new Bull Cycle. After a Bitcoin's Halving, the alts market forms a Bull Flag and when the 1W RSI hits the HL and rebounds, the alt season starts.
The chart shows that we are on this stage at the moment. This is practically one of the very last opportunities you have to buy.
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SEI FOLLOWING SUI??SUI has been on a great run in the last few months being a first mover in the altcoin space while BTC has been chopping for 6 months, now SUI is on the very edge of pushing above above the local high.
The chart on the right is SEI and looks like the chart lines up perfectly just lagging behind by a month. This could be a great trade opportunity going into the end of the year/Q4. If the trajectory is the same as SUI we could look to expect a +218% move, and structurally even without a comparison to SUI the chart TA suggests a new higher high and higher low bullish structure which will naturally want to climb back up the chart.
Bitcoin generally has a big part to play in the altcoin world, however SUI has made this rally on its own without the pulling power of BTC, could SEI do the same???
Alts with UPSIDE POTENTIAL | ALTCOINS | RUNE, ATOM, FETIn this time of the cycle, many alts have already rallied... and a few, haven't, patiently awaiting their turn for some liquidity.
In this video, I take a look at my TOP picks - there are many more, but let's start with these.
1) FET
2) RUNE
3) ATOM
________________________
BINANCE:ATOMUSDT BINANCE:RUNEUSDT BINANCE:FETUSDT
This Has Only Happened Once BeforeBitcoin "priced" in US Dollars (ie the number of Dollars you can trade for 1 Bitcoin divided by 1 Bitcoin but leaving the number 1 in the denominator invisible as a stupid stone aged esoteric shenanigan used to make you forget about the role of currencies in the taxation and control of your everyday life) has only simultaneously met these 2 conditions twice in Bitcoin's existence: 1. The current value of Dy/Dx of its SMA50(SMA50(SMA50 Weekly Close)) and 2. Reaching the upper bound of the macro trend of the deviation of the Weekly Close from this smoothed long term MA as measured by the Weekly Close/Thrice Smoothed MA.
This could indicate that Bitcoin USD is pushing on major resistance and is due for a major contraction or consolidation before moving higher and completing the cycle within the next year.
Considering where we are in the economic cycle, with the Bond Market mimicking 2007 and 1953 or 58, stocks overvalued when adjusted for currency manipulation, and the yield curve un-inverting while retail confidence is at all time highs, perhaps we should take a moment to introduce a bit of caution into our analysis.
BERT/USDT 1H Memecoin play with some strong numbers and community:
- FWB:69M MarketCap
- $42.5m 24h volume (61% Vol/Mcap)
- 100% of max supply (980M) in circulation. (Self-reported)
- Solana chain
Currently not yet listed on Binance or Coinbase but there are rumours that it may be listed soon which would bring a lot more potential buyers to the coin.
For memcoins technical analysis is less important but can still tell a story. The current range shows a clear resistance at 0.75 and a support at 0.25.
The diagonal resistance breakout coupled with the bullish divergence already printed indicating a bullish reversal the TA looks good currently.
Memes are risky and unpredictable so DYOR
Sui Network Surpasses $1.5 Billion TVL Amid Validator Recovery The Sui blockchain is hitting major milestones despite a brief setback. Following a two-hour downtime caused by a bug in its transaction scheduling logic, the network is back online and thriving, thanks to swift action by its validator community. This recovery reflects the resilience of the Sui ecosystem, which has been on an extraordinary growth trajectory.
Fundamental Highlights
1. Total Value Locked (TVL) Milestone
Sui’s TVL has surged past $1.5 billion, a staggering achievement that underscores the network’s rapidly growing adoption. This is a sharp climb from recent thresholds of $1.1B, $1.2B, $1.3B, and $1.4B, showing the ecosystem’s remarkable momentum.
2. On-Chain Volume Record
Over the past 7 days, Sui recorded more than $2.5 billion in on-chain volume, further demonstrating the ecosystem’s robust activity and the confidence of its user base.
3. Ecosystem Expansion
The launch of SuiPad, a token creation and launchpad platform, has been instrumental in driving engagement. It enables both novice and experienced traders to create and launch tokens, adding significant value to the Sui ecosystem.
Technical Analysis
At the time of writing, CRYPTOCAP:SUI is trading 3% higher and forming a bullish pattern after completing a falling wedge breakout—a classic reversal setup.
The Relative Strength Index (RSI) is currently at 72, indicating strong momentum for further upside. CRYPTOCAP:SUI is poised to test the $5 pivot, with potential to rally towards $10 in the medium term if momentum continues. Furthermore, CRYPTOCAP:SUI is trading comfortably above crucial MAs, reinforcing its bullish sentiment.
🌟 Why This Matters
The swift recovery from downtime and its consistent growth in TVL and on-chain volume solidify Sui’s position as a leader in the blockchain landscape. Its innovative tools, such as SuiPad, are fostering both community and developer engagement, making it a hub for altcoins and Layer 2 projects.
Investors and traders should keep a close eye on CRYPTOCAP:SUI as it continues to make waves in the crypto market. The combination of robust fundamentals and strong technical indicators points to a promising future for this rising blockchain.
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$BTC parabolic move will continue!Two years ago, we confirmed the #Bitcoin bottom in November 2022!
There was a 528.58% increase from the December 2018 bottom to November 2020.
There was a 529.81% increase from the November 2022 bottom to November 2024 and it is still continuing.
Therefore, we witnessed a mega bull process for #btc and #altcoins with a closing and retest in December 2020 above the 2017 local peak.
Today, a one-month closing and retest has been completed as of November 2024, above 69k, which is the local peak of November 2021.
An exciting process begins for #Alts and #BTC
VANRYUSDT - BUY IDEAVANRY is in strong bullish trend.
As the market is consistently printing new HHs and HLs on higher TF.
Currently the market is retracing a bit after last HH on daily , if this trendline will break then we will enter at breakout.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
we will enter at 0.10175
GRASS/USDT - BUY IDEAGRASS is in strong bullish trend since launched.
As the market is consistently printing new HHs and HLs on higher TF.
Currently the market is retracing a bit after last HH on daily and now forming bullish div , market just gave the falling wedge breakout.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
we will enter at 2.6198
SL - 2.2788
TP1 - 2.9625
TP2 - 3.3035
Phemex Analysis #37: PNUT's Nutty Rally _ Can it Continue?PNUT, the aptly named "Peanut the Squirrel" coin, has taken the cryptocurrency world by storm. Launched on November 4th, 2024, PNUT has experienced a staggering 4659% rise, soaring from its initial price of $0.0521 to a staggering high of $2.431 on November 14th. This phenomenal growth has captivated investors and sparked speculation about the coin's future trajectory.
Possible Scenarios: Breaking Nuts or Bust?
Breakout Rise:
If the bullish momentum continues, PNUT could attempt to break through the current resistance level at $1.65. A successful breakout could pave the way for further upward climbs, potentially challenging previous highs at $1.87 and $2.20, or even establishing a new all-time high.
Indicators to Watch: Strong buying volume, positive social media sentiment, and continued media attention could be catalysts for a breakout.
Bearish Drop:
Despite the recent surge, it's important to remain cautious. The cryptocurrency market is notoriously volatile, and a correction could be on the horizon. If the price falls below the $1.26 support level, it could encounter further downward pressure, potentially reaching the $0.843 support level or even the $0.42 support level.
Indicators to Watch: A decline in trading volume, negative social media sentiment, and broader market weakness could trigger a pullback.
Trading Strategies
For Bullish Investors:
Buy Order: Consider a buy order when price breakout above $1.65 with strong volume.
Stop-Loss: Set a stop-loss order below a key support level, such as $1.26, to limit potential losses.
Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin.
For Bearish Investors:
Sell Order: Consider a short-sell order if the price breaks below the current support level ($1.26) and bearish indicators emerge.
Stop-Loss: Set a stop-loss order above a key resistance level, such as $1.48, to limit potential losses if the price rallies unexpectedly.
Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin
Conclusion
PNUT's recent performance has been nothing short of extraordinary. However, it's crucial to remember that the cryptocurrency market is unpredictable. By understanding the potential scenarios and implementing effective risk management strategies, investors can navigate the volatility and potentially capitalize on PNUT's future movements.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TOTAL 3 - Crypto Total Market Cap excluding BTC and ETHVery technical. A global trend, followed by a correction to the 0.618 Fibonacci level and the global order block, which is also the PoC (Point of Control) of the entire trend movement. We're clearly moving within a kind of wedge.
We haven't been fans of technical analysis for a while, but part of it will always stay with us. I think this is one of those moments when, after it plays out, people will look back and say: "How obvious it was."
There are two options here: either one more update of the lows on altcoins or a correction upwards. Two scenarios, but globally, it doesn't change anything.