The crypto market is alive and kicking again, and this week’s price action has delivered the kind of excitement traders have been craving. Altcoins like AVAX have skyrocketed nearly 90%, while AAVE isn’t far behind with a 60% jump. But even with these big moves, it’s still Bitcoin that’s setting the pace, outshining most of the altcoin pack.
The crypto market is alive and kicking again, and this week’s price action has delivered the kind of excitement traders have been craving. Altcoins like AVAX have skyrocketed nearly 90%, while AAVE isn’t far behind with a 60% jump. But even with these big moves, it’s still Bitcoin that’s setting the pace, outshining most of the altcoin pack.
the market is nearing a critical window. This could be one of the last big chances to start stacking altcoins before a handful of them begin to steal Bitcoin’s thunder.
Data shows that Bitcoin’s supply is tightening fast. In the past month, buyers scooped up around 19,300 BTC, while miners produced only 13,000 BTC. This gap between supply and demand has helped push Bitcoin higher, and a similar trend could soon support a rally in select altcoins.
Solana (SOL) is one of the big names to watch right now according to the analyst. SOL is trading at $159, down 2%, after falling below the important $160 support level. The price continues to show lower highs and sharp drops, indicating strong selling pressure. However, the expert said that this is temporary and doesn’t recommend selling because the long-term outlook for Solana remains strong.
A quick move above $164 could cancel the bearish outlook and open the door for a possible bounce toward $170.
Ethereum (ETH) is also expected to break out soon. Around 30% of all ETH is locked, and it could soon hit $4,000 and even reach $6,000–$7,000 this cycle.
The analyst said that it’s a good idea to start buying ETH slowly, especially if it drops near the $3,000 mark.
