Weekly Token + Narrative Watchlist 🔎
With #Bitcoin pushing towards a new ATH, let's take a look at some of the most interesting altcoin setups this week.👇
$BTC: Recovery has been super strong post-dip, and structurally looks good. Previous high at $73.8k is the major level to watch.
$SOL: Sentiment around Solana has slightly worsened, with the network congestion issues. However, like many of the previous SOL issues, I don't think this will have any medium-long term impact. Solana is the biggest casino in the world, and is well-positioned to continue its dominance.
$ORDI: Has been performing well, and is a real leader in the BRC-20/BTC narrative ecosystem. The halving is just a matter of days away, but despite its rarity (once every 4 years), the narrative seems eerily quiet. I'm still bullish on BRC plays into the halving, ORDI being a leader, but there are many others.
$ALT: There have been some recent rumours around the EigenLayer airdrop being quite close - and the market will need betas heading into it. I like ALT (given its close relationship to Eigen itself), and that its also within the restaking narrative, which will likely receive a subsequent boost.
$ORN: Orion is the first restaking rollup on EigenLayer. There aren't many ways you can get exposure to EigenLayer pre-launch, hence why they're on my radar. They're also rebranding to $LUMIA, and the market has taken well to rebrands in recent weeks.
$DOGE: Doge day, on April 20th, is not too far away. DOGE has done well in recent years leading up to that day, as people begin speculating that Elon may tweet. Looking for strength, may be a decent trade if an entry presents.
$W: Time and time again, we've seen early airdrop jeeters get punished (TIA, PYTH, JTO etc). Once the initial selling is flushed out, we may see a nice response. $1 is a major support level to watch, and how it reacts around that area.
