On Crypto Banter's Dylan's Trading Show, the analyst said the next target for Bitcoin is $70,000, especially if positive news emerges from the BTC conference. In summary, he said that the outlook for BTC is extremely bullish, with key levels to watch and the potential for a push to $70,000 if the rally continues and key events go well.
The analyst said that when looking at the Solana ecosystem, he automatically looks at tokens like Jupiter, Radium, Bonfida, and WIF. He also looks at meme coins in the ecosystem, which typically perform better when Solana surges.
Jupiter is especially praised for its strong performance and recent uptrend. With the trend break and W formation, $JUP is poised for bigger moves. Key support levels to watch are $0.96 and $0.99, with a potential target of $1.17.
$JTO is another mention in the Solana ecosystem, especially with the recent restart and re-staking mechanism, called “reking”, which pumped the bag before. The 50-day moving average serves as significant support, with a bullish outlook if it breaks the 200-day moving average.
$WIF , a Solana meme coin, shows upside potential with support at $2.25 and potential scalps at $2.44 and $2.52 . Watching these areas for price increases can help traders take advantage of bullish price movements.
For AAVE, recent bullish news and changes to their staking mechanism have led to the price increase. The analyst said the main support level is at $99.60 and upside price targets are at $105 and $111.
For Injective Protocol (INJ), although it is at a resistance level, there is still upside potential if BTC pushes towards $70,000. The analyst recommends watching for bullish pullbacks and maintaining a balance between taking profits and holding for more upside potential
