BTC dominance decline may bring a more solid stance to altco | Crypto De Nostradame en Binance Square

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Crypto De Nostradame

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La caída del dominio de BTC puede aportar una postura más sólida a las altcoins. [No es un consejo de inversión]
$BTC $ETH $BNB 

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Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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Arbitrum (ARB) at a critical point: OK or continue? Layer-2 project Arbitrum (ARB) is testing the critical resistance point at $ 0.61 with upward momentum. The leading cryptocurrency Bitcoin's touch to $ 69,000 has paved the way for many altcoins. Although Ethereum remained weak in terms of individual performance, it started to rise with Bitcoin gaining strength. $ETH , which touched $ 2,700, has activated layer-2 projects. Ethereum scaling project Arbitrum has gained momentum with the positive outlook in the market. Although the popular altcoin has lost nearly 2 percent in the last 24 hours, it has approached an important resistance level. Analysis platform AMBCrypto stated that ARB is blinking at $ 0.68. AMBCrypto used the following statements in its analysis; “Technical indicators support a breakout, but on-chain data indicates that caution should be exercised despite positive funding rates.” ARB trading near $0.60 has given analysts hope. AMBCrypto emphasized that breaking the $0.61 resistance is not easy, but daily closings will be important. According to the analysis, if the ARB price closes above $0.61, it will move to $0.68. On the other hand, if the popular altcoin loses the $0.55 support, it is expected to sign a major decline. $ARB is trading at $0.57. Maintaining its positive view, AMBCrypto noted the following; “The rising trend line indicates continued buying pressure and increases the possibility of upward momentum. However, failure to break $0.61 could potentially lead to a temporary pullback to $0.55.” While technical indicators mostly reveal a bullish outlook, the RSI indicator points to overbought conditions. The analysis suggested that these indicators support upward momentum. #CryptoDeNostradame #ParrotBambooCrypto

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Pump.fun continues to sell Solana (SOL): The decline may continue! Memecoin production platform Pump.fun has added a new one to its Solana (SOL) sales. The attention in the cryptocurrency market has turned to the Solana (SOL) sales of memecoin production platform Pump.fun. The fact that there is still $47 million worth of SOL in the platform’s associated crypto wallet indicates that the selling pressure on the market may continue. According to a statement made by onchain analysis company Lookonchain on October 22, a wallet associated with Pump.fun sold 40,000 SOL worth $6.6 million. “Pump.fun wallet sold 40,000 SOL ($6.68 million) 5 hours ago. The platform has sold a total of 969,945 SOL ($162 million) to date and sold 503,343 SOL ($78.7 million) at an average of $156.4.” It is stated that these sales are considered as whale intervention in the market. Whales can cause sudden changes in market prices with their sales. Investors are trying to make predictions about possible volatility by closely monitoring whale movements. Pump.fun’s $SOL sales have lowered the token price. As of September 4, the platform has sold SOL tokens worth $41 million at an average of $157.5. During this period, Solana’s price fell by 12 percent to $128. According to Solscan data, the platform still has $47.9 million worth of Solan in its wallet. Therefore, it raises the possibility of creating more selling pressure on the pair. However, the continuation of the memecoin craze at full speed gives hope for both the price and the ecosystem. The fact that memecoin hunters mostly prefer the Solana network keeps the $SOL price strong. This situation may reverse as different trends come to the fore. #CryptoDeNostradame #ParrotBambooCrypto

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Ambitious report: “Five memecoins to follow in declines” Crypto analysis platform Coinpedia shared five memecoins that it recommends to follow in crypto declines. In the analysis titled “These five memecoins show potential”, the high market value of the preferred memecoins drew attention. Bitcoin (BTC), which tested $ 66,800, caused a major decline in memecoins. Many analysts argued that the declines in question were a correction and offered a buying opportunity. The current outlook in the market shows that memecoins attract great attention in every price decline. Analysis platform Coinpedia listed five memecoins that are preferred in declines and have great potential. The price analyzes of the memecoins in the news drew attention. Shiba Inu (SHIB) Shiba Inu (#SHIB ), the second largest memecoin by market value, remained dull in the memecoin increases that took place in October. $SHIB increased by nearly 25 percent in the last month. Bonk (BONK) #Bonk (BONK), which is on the Solana blockchain, has increased by 35.82 percent over the past month. BONK, which is shown as one of the favorite altcoins of the memecoin bull, lost its upward momentum the other day. The $BONK price has lost nearly 2 percent in the last 24 hours. Pepe (PEPE) Pepe ($PEPE ), one of the memecoins that will mark 2024, was listed on Coinpedia. The analysis stated that PEPE could be accumulated in declines. Dogwifhat (WIF) The decline in the Bitcoin price below $ 67,000 caused Dogwifhat (WIF) to lose blood. #WIF lost 5 percent of its value with a trading volume of $ 318 million the other day. The popular memecoin attracted attention by falling below $ 2.5, an important support level. SPX6900 (SPX) The memecoin SPX, which is about the desire of 6,900 traders to convert the S&P 500 index to the S&P 6900, managed to become the favorite of October. #SPX hosted a 1,381 percent increase in the last month. The memecoin, which went viral in a short time, reached a market value of $ 650 million.

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“Bitcoin (BTC) could reach $285,000 in 2025!” A famous analyst thinks that Bitcoin (BTC) could reach $285,000 in 2025. Bitcoin ($BTC ) managed to break the downward trend that has been going on since March 2024 with its strong rise of 9.84 percent in the short term. Based on the upward momentum in BTC, many analysts made surprising predictions. One of them is Sina, the co-founder of 21st Capital. According to Sina’s own model, the Bitcoin price could reach $285,000 in 2025. Sina shared an analysis that classifies Bitcoin’s price possibilities using the model he developed. The analyst stated that each region represents a different price range and market sentiment called cold, hot and extremely hot. The “cold” zone (below the 33 percentile) for 2025, including the current price of BTC, ranges between $55,000 and $85,000. The analyst identified the blue colored zone as the worst-case scenario for BTC. The “hot” zone (between the 33 percentile and 66 percentile) corresponds to the range of $85,000 to $136,000. The “extremely hot” zone (between the 66 percentile and 99 percentile) indicates that $BTC will reach $136,000 to $285,000 by the end of 2025. As of the writing of the news, BTC, which is changing hands at $67,408, may renew its ATH if it makes a weekly close above $68,500. In such a scenario, the range of $69,700 - $70,000 will be decisive. With a volume break of this region, the $80,000 level can be targeted. In downward movements, the $67,091 – $64,777 – $62,500 – $59,647 – $56,502 – $52,614 and $50,580 levels can be followed, respectively. $ETH #CryptoDeNostradame #ParrotBambooCrypto

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Striking comment for Bitcoin: “It will run to $300,000” Crypto analyst Michaël van de Poppe shared a striking scenario for the Bitcoin (BTC) price. The scenario in question pointed to six-digit price levels. The leading cryptocurrency has fallen by nearly 2 percent in the last 24 hours. BTC faced buying pressure after touching an important support level of $66,800. BTC, which tried to hold on to $67,000 with the rise from the support level, made crypto investors nervous. Analysts shared their views that a potential correction has begun. Michaël van de Poppe, the founder of MN Consultancy, argued that BTC will decline under the name of correction. The analyst made the following statements; “I think $64-65,000 is possible. If we get there, this is an ultimate dip buying opportunity.” Poppe predicted that BTC would reach six-digit prices after successfully overcoming the correction. The analyst has full faith in the Bitcoin bull Crypto analyst Michaël van de Poppe stated that Bitcoin has not made a rise that will meet expectations, but continues its accumulation phase. According to the analyst, the accumulation of whales and the decreasing BTC supply on central exchanges are among the most important signals of the rise. The analyst thinks that the US elections and the next Fed meeting will negatively affect the BTC price. Poppe, who said that these two factors will trigger profit sales, claimed that BTC will lose nearly 5 percent of its value. According to the analyst, declines will offer a buying opportunity. Poppe, who predicted that the global economy will go through difficult days, claimed that $BTC will diverge positively and rise. The analyst made the following sentences; “The elections and the Fed meeting will lead to the last correction before a new all-time high (ATH). Whale activity is increasing in Bitcoin and more accumulation is being made. “This is a great sign for $BTC , I think we will reach a peak between $300k and $500k.” #CryptoDeNostradame #ParrotBambooCrypto

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