We are in a period where Bitcoin is approaching the $100,000 level. Although investors generally have mixed feelings, there is no reason to be sad during this process. The altcoin market is gradually moving towards a major rise.
Ethereum, although facing difficulties against Bitcoin, exhibits a very different appearance in dollar parity. Although every small increase in dollar parity ends with a correction, it seems that ETH has not yet started a major rally. However, we observe that there is progress in ETH's weekly chart and it is holding in the green zone. This development shows that Ethereum may approach $ 4,000 in the near future. I think a real rally may start when $ 4,000 is exceeded.
The general outlook in the market is quite positive. Total Market Cap, which shows the total value of the cryptocurrency market, has risen by passing the peak of the 2020-2021 bull run. The market, which will try to settle above this region, seems to be in a general upward trend, although it may experience sharp corrections from time to time. Weekly closings above the $3 trillion level will increase the appetite of altcoin speculators.
Altcoin Market Cap has now reached a critical level. The yellow major resistance zone is being tested for the second time since March. If this level is exceeded, altcoins may continue to trade in a freer area. It is quite meaningful for Ethereum to take action in this process.
Positive Outlook for Dogecoin
Dogecoin has managed to break out of major resistance zones in the last two weeks. After moving in the red zone for a long time, Dogecoin has been able to reverse short positions in recent weeks with its rising price. DOGE is currently trying to settle above the pink major resistance zone, and if it breaks through this zone, it will not face any obstacles to approach its old peak.
The outlook is very positive and weekly closes are of great importance.
ARB on the Rise
ARB has made a move after gathering strength in the red zone for a long time. The bottom of the red zone is considered to be the lowest point for ARB. Currently, the dark blue major resistance zone is being tested again. With the passage of this zone, ARB's rise may accelerate. It is necessary to be patient, because if the breakout occurs, there will be a serious change in our perspective on ARB.
ROSE Approaches Major Resistance Zone
ROSE has been marking the green zone as its bottom for over three years now, and despite approaching the zone again recently, it has managed to remain intact. Currently trying to settle above the pink resistance zone, if ROSE breaks through this level, the first target will be the $0.11 level. If ROSE breaks through this zone, the next major target will be the dark blue major resistance zone. This zone is located between $0.16-$0.22 and is likely to be tested over time.
CHZ Gains Strength
CHZ has been gaining strength recently by holding the yellow major support area intact. CHZ, which has continued without breaching this area, has reached the green major resistance area. If it breaks this level, CHZ could quickly test the $0.14-$0.16 range.
PORTAL Prepares for a New Rise
PORTAL has been moving in the red channel for about four months. During this time, it has gathered quite a solid strength. After testing the channel middle band, buyers took action and the possibility of an upward breakout is quite high. The first target will be the yellow resistance zone. Exceeding this level may cause PORTAL's rise to accelerate even more.
PIXEL Starts an Upward Move
PIXEL has recently started to gain strength and has tested the turquoise zone as support by rising above it. The hold in this zone indicates that the upward movement may gain momentum. Speculators need to act by taking into account the importance of the turquoise zone.
APT Begins to Show Its Potential
APT has been moving above the green major support zone since May 2023. This zone was tested in the summer of 2024, offering buying opportunities. It currently appears that the turquoise line ($10) has been crossed. Although APT has experienced minor corrections towards the red major resistance zone, it may test the $18-$20 range in the near future.
SHIB Shows Upside Potential
SHIB continues on its path by carefully processing important support zones. SHIB, which managed to break the orange channel upwards, uses the upper band of this channel as support. The test of the blue major resistance zone has now become inevitable. If SHIB settles above the blue zone, a very different bullish story can be written.
PEPE Rising to New Peak
PEPE has made a new peak by settling above the red zone. Currently trying to hold above the 0.000017 level, if PEPE stays at this level for a few weeks, its rise may accelerate. The importance of the red zone ($0.000010-$0.000014 range) and the white line ($0.000017) can be taken into consideration.
SUI Continues Its Rise
SUI continues to rise, similar to SOL in the last bull season. The red zone is seen to have been breached and a new major support zone has been formed. SUI continues to rise as long as a “bearish” structure is not formed on the weekly time frame, while continuing with corrections.
DOT on the Rise
DOT has started to rise after forming the final low in the dark blue region. It has not been able to move away from this level at the moment, but it is likely to approach the pink line in the first place. This could result in a test of the $7-$7.4 range. DOT could continue its path without obstacles until the red major resistance zone and test the $9.5-$11 range.
