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The Master of Crypto
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Solana whales are secretly selling. The price is still pushed up by the retail traders. #SOL is trading at 141 USDT. Cautious is needed, because this price action is not sustainable.

Solana whales are secretly selling. The price is still pushed up by the retail traders. #SOL is trading at 141 USDT. Cautious is needed, because this price action is not sustainable.

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Today we saw some bigger profit taking. The fear is taking over the market. Because prices can't fall straight down, then I expect a small bounce up. This is a perfect time to select cryptos, which are on sale. Now #BOME looks quite attractive for a short term bounce. If there is support with #BTC movement then we can see a 30-60% recovery.
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A new token called #BOME launched in Binance. Market capwise it's almost 1B. Dogecoin marketcap is 25B, Shiba inu 17B, Bonk 1.7B. It looks that memecoin season started and new tokens are created. I'm quite scecptical of the memecoins value . The highest beneficiary is Solana, which is trading at 195USDT, because most tokens are created on Solana network. The creation fees and conversions to Solana is pumping up the price. Meanwhile #BTC already tested the top and dropped to lower level 68k. The end of March and beginning of April is quite bearish and better is not to be in the market and wait. In the stock market already the ones who know are taking or have taken out money.
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Markets pushed higher. #BTC is trading around 72k. In one hour US CPI numbers will be published. Depending on the outcome the markets might react. It is not certain whether we will see higher highs or a drop. Altcoins do are selling off and some profit taking is happening. Today is important and then Thursday, Friday also. SP500 is trading at all time high at 5117$ and also DAX German index is at all time high at 17821.80€.
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#BTC made all time high at 69,99k and with that the memecoins made a huge rally. I'm still bearish until the end of March and beginning of April. Especially on memecoins such as #PEPE #SHIB #BONK #WIF . The value of memecoins is based on hype and the from the support of BTC qrally. The real intrinsic value is questionable. Wouldn't be suprised if prices start to fall. When it's starts falling then it will be really fast and painful. -10%, -20%, -30%, -40%, -50%, -60%.
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Whales started to profit taking and #PEPE has negative money inflows for big players. Yesterday was the top of the market. Now the market is in retracement and the bottom might be in the end of March and in the beginning of April before futher gains.
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