A widely followed analyst turns upside down on altcoins after the sudden correction of the cryptography market during the weekend.
The Crypto Pseudonym Kaleo trader told its 682,500 subscribers on the X social media platform that the digital asset market could soon enter a “UP only” phase based on the Bitcoin dominance graph (BTC.D) having potentially reached a local summit.
Traders use BTC.D to see if altcoins surpass bitcoin because metric calculates the share of cryptographic market capitalization belongs to BTC.
Said Kaleo,
“The domination of Bitcoin has climbed with the last stage of this flush. Should not be much longer before we saw the alts starting again to surpass. »»
BTC.D is currently 61.33% after reaching a summit of a weekend of 64.09%.
The merchant thinks that several altcoins have struck their market bottom – including Memecoin Pepe (PEPE) – and are preparing for massive rallies.
“Pepe Target Hit. Start the rebound. »»
Looking at his graph, the merchant suggests that Pepe will increase beyond $ 0.00001600 this month.
Pepe is negotiated at $ 0.00001019 at the time of the editorial staff, up 10.3% in the last 24 hours.
Then, the merchant plans that the competitor of Ethereum (ETH) Solana (ground) is on $ 1,000 after diving below the $ 200 bar.
“Sol less than $ 200 is free. Send $ 1,000 + resumes soon. »»
Sol is negotiated for $ 207 at the time of writing, up 1% in the last 24 hours.
Kaleo also says that the Avalanche Blockchain (AVAX) of layer 1 could soon recover the level of $ 50 as a support.
“Avax Wicked under the HTF (High Time) support, is already about to recover it. Expect this momentum to lead to a quick movement at $ 50 + from here. »»
AVAX is negotiated $ 27.43 at the time of the editorial staff, down 6.3% in the last 24 hours.
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