The second-largest cryptocurrency is showing signs of improvement; when will the altcoin season finally come? Not long ago, the SEC Chair in the US tweeted that he would resign on January 20, the day the new chair takes office. As soon as this news broke, SOL, which is applying for an ETF, briefly broke its historical high, reaching $264, becoming one of the few mainstream coins to break its historical high after Bitcoin. Why?
Because this person has been like a mountain pressing down on the cryptocurrency world, and now this mountain is finally going to move, making regulation in the cryptocurrency space much easier. Although Bitcoin continues to hit new highs, it is clear that the rate of increase is slowing down, while the second-largest coins Ethereum and Solana are quietly catching up. So when will it be the turn of the altcoins, and is there still a chance?
Often when Bitcoin stabilizes at high levels and its rate of increase slows down, it presents opportunities for the second-largest and Solana and other mainstream coins because at this point, Bitcoin is primarily being pushed by institutions. The position has already squeezed countless short positions, and appropriate adjustments and pullbacks also provide opportunities for small investors. The second-largest coin will start to rebound at 8 PM on the 21st, and some quality projects in its ecosystem will also immediately follow after an hour, with a basic support of around 20% increase. Additionally, Ripple and Dogecoin have already shown significant improvements. The current recommendation is still to wait for Bitcoin to pull back, then look for entry opportunities in altcoins. Chasing highs now is definitely inappropriate. When Bitcoin retraces, focus on those strong varieties; not every altcoin can rise. To achieve results in this bull market, it’s time to sharpen your vision, brothers.
The current recommendation is still to wait for Bitcoin to pull back, then look for entry opportunities in altcoins. Chasing highs now is definitely inappropriate. Today's BTC market analysis shows that the 1-hour level is down, the 4-hour level is weakly sideways, the 12-hour level is up, and the daily level is up, with an intraday resistance level of $100,000 and a support level of $97,000.
Note: Today's Fear and Greed Index is 93
The big bull market is starting! 4 popular altcoins may explode by 100 times!
PEPE
PEPE has performed outstandingly recently, especially after hitting an all-time high of $0.00002524 on November 14, but then fell back to $0.00002026, down 5.87% in the last 24 hours. The token has broken through the crossover of the 50-day and 200-day moving averages, which is often considered a potential bullish signal.
In the past month, PEPE's price has risen 15 times, with half of that time showing steady increases. The Fear and Greed Index is currently at a very high level of greed, scoring 94, reflecting positive market sentiment. However, the 14-day relative strength index (RSI) is at 42.74, indicating that PEPE's price is neither overbought nor oversold, and it may enter a consolidation phase in the short term.
AAVE
Aave is currently considering integration with the Bitcoin second layer network Spiderchain developed by Botanix Labs. The goal of this proposal is to connect Ethereum's DeFi ecosystem with the Bitcoin network, providing users from both communities with opportunities to participate in new financial activities.
Spiderchain focuses on attracting Bitcoin investors, especially those who are new to on-chain trading. By integrating Aave's lending and liquidity services, Bitcoin holders can access decentralized financial tools without leaving their native ecosystem. This move is expected to bridge liquidity from Ethereum to Bitcoin, facilitating interaction between the two networks.
LUNC
Terra Classic (LUNC) has risen over 4% in the past week and over 13% this month. The trading price is between $0.00009179 and $0.00012725, close to its recent resistance level of $0.0001466. If it breaks through, the next target is $0.0001820, which could mean a substantial increase from current levels. The 10-day and 100-day simple moving averages are close, indicating a potential trend change. The relative strength index is around 48, and the stochastic indicator is near 49, indicating upward space before reaching overbought levels. As the cryptocurrency market prepares for altcoin season, LUNC could achieve significant growth.
SOL
Solana is a blockchain designed to prioritize speed and scalability, providing a solid foundation for decentralized applications (dApps). Competing with Ethereum and Cardano, Solana offers fast transactions and supports development across various programming languages. Its native cryptocurrency SOL supports the ecosystem, facilitating transactions, running smart contracts, and rewarding participants. Unlike platforms that rely on sharding or second-layer solutions, Solana achieves scalability through a high-capacity network, making it an ideal choice for developers and investors. SOL also facilitates access to various projects and services within the ecosystem.
The cryptocurrency world has always been a process of survival of the fittest! To avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of the world; every penny you lose is due to your cognitive flaws. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways for society to harvest you!
Until your cognition and wealth match each other. Waiting for a bull market is the most exhausting!
But if you wait and finally see it, you'll know what it means to reap rewards after suffering. Everyone must not leave the market; the hard days are about to end, and a crazy bull market is coming!
