List of Altcoins that will rise when Bitcoin hits $70,000
The article List of Altcoins That Will Rise When Bitcoin Reaches $70,000 appeared first on Coinpedia Fintech News
During Crypto Banter's Dylan's Trading Show, the analyst said that the next target for Bitcoin is $70,000, especially if positive news emerges from the BTC conference. In summary, he said the outlook is very bullish for BTC, with critical levels to watch and a potential push up to $70,000 if momentum continues and key events align favorably.
The analyst said that when looking at the Solana ecosystem, it automatically takes into account tokens like Jupiter, Radium, Bonfida and WIF. It also looks at meme coins in the ecosystem, which often outperform when Solana is booming.
Jupiter is particularly praised for its strong performance and recent uptrend. With a trend breakout and a W formation, JUP looks set for bigger moves. The main 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 its recent restaking and re-staking mechanism, called “reking,” which has already been pumping bags. The 50-day moving average provides important support, with a bullish outlook if it rises above the 200-day moving average.
WIF, a Solana meme coin, shows upside potential with support at $2.25 and potential scalp zones at $2.44 and $2.52. Monitoring these areas for bounces can help traders capitalize on upward moves.
For AAVE, the recent bullish news and changes in their staking mechanism have led to a price surge. The analyst said key support lies at $99.6 and upside targets are at $105 and $111.
For Injective Protocol (INJ), although it is in resistance, there is potential for growth if BTC reaches $70,000. The analyst recommended watching for bullish pullbacks and maintaining a balance between taking profits and retaining possible further gains.
