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A crypto strategist thinks that altcoins are about to upstage Bitcoin (BTC) after years of languishing in the background. Analyst Michaël van de Poppe tells his 789,100 followers on the social media platform X that he thinks the period of altcoin underperformance against Bitcoin is almost over based on the Bitcoin Dominance (BTC.D) chart. The BTC.D chart tracks how much of the crypto market cap belongs to BTC. A bearish BTC.D indicates that altcoins are outperforming Bitcoin. According to Van de Poppe, altcoins are now poised to outpace Bitcoin as the BTC.D chart is flashing a bearish reversal signal on the weekly chart. “The end of the bear market (yes, a bear market on altcoins underperforming Bitcoin) is still here. Strong bearish divergence on the Bitcoin dominance, implying we’re about to reverse and altcoins about to shine. Nothing has changed.”  Source: Michaël van de Poppe/X At time of writing, BTC.D is hovering at 63.89%. Looking a...

A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112. “SOL: feels like a generational entry.” Source: Inmortal/X Looking at his chart, the trader suggests SOL is printing a similar pattern from 2021, when SOL dipped more than 60% from its local top before putting up massive gains. SOL is trading for $116 at time of writing, down 1.8% in the last 24 hours. Next up, the analyst suggests that Bitcoin (BTC) is on the verge of breaking out and may reclaim the $100,000 level as support by next month. “Maybe this dream [will] come true, just maybe.” Source: Inmortal/X Bitcoin is trading for $82,719 at time of writing, flat on the day. The analyst is also turning bull...

A closely followed crypto analyst believes top memecoin Dogecoin (DOGE) is gearing up to unleash another parabolic rally. Crypto strategist Ali Martinez tells his 103,200 followers on the social media platform X that Dogecoin may be following in the footsteps of its 2017 and 2021 market cycles when the memecoin ignited a meteoric ascent after witnessing a severe correction. “In 2017, when Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%. Now, in 2024, DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way!” Source: Ali Martinez/X Looking at the trader’s chart, it seems that he predicts Dogecoin will soar above $1 if his parabolic rally materializes. Zooming in, Martinez says DOGE is flashing a bullish signal on the daily chart based on the Tom DeMark (TD) Sequential Indicator. Traders use the TD Sequent...

A closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts. Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he’s bullish on the native asset of the peer-to-peer file storage network Filecoin (FIL). According to the analyst, FIL looks poised to rally to its range high after respecting its long-term support. Martinez also thinks that FIL could witness exponential rallies if it manages to overcome a crucial resistance level. “Missed out on the $2.94 entry, but I’m still bullish on Filecoin FIL at this level. The lower boundary has held strong for almost two years, setting us up for a potential rebound to $9.50 – a 145% gain. If we see a breakout above the upper boundary ($9.50), FIL could reach $30, delivering around 700% upside from here.”  Source: Ali Martinez/X At time of writing, FIL is worth $4.32, up over 7% in the past day. The trader is a...

A crypto strategist who continues to grow his following with timely altcoin predictions believes layer-1 protocol Sui (SUI) is gearing up to revisit all-time high levels. Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that SUI’s huge rally last week suggests that the Solana (SOL) killer is en route to record-high prices. “SUI weekly absolutely insane, at this rate it’ll hit all-time high before BTC.” Source: Bluntz/X The trader also says he believes “SUI is the next SOL.” Last week, Bluntz said that SUI is in a technical uptrend after printing higher highs and higher lows on the daily chart. “It’s gonna surprise a few people in the next weeks-months, in my opinion.”  Source: Bluntz/X At time of writing, SUI is trading for $1.54. The crypto strategist also has his radar locked on two feline-themed memecoins. According to Bluntz, Popcat (POPCAT) and Simon’s Cat ...