Giá SoonVerseSOON

$SOL Solana (SOL) is currently displaying bearish price action on the charts. After failing to hold key support levels, the price has started trending downward, signaling potential further downside. Large market participants appear to be interested in accumulating Solana at lower price levels. Current price action suggests that smart money is patiently waiting for a deeper pullback before stepping in with significant buy orders. Potentially interesting entry points for Solana could be approaching very soon. With the current bearish price action, the market may offer attractive opportunities for buyers looking to enter at discounted levels. ● Note SOL is nearing key support levels, presenting potential buy entry opportunities for longterm

$PI is going to burst from here soon and will rise again for sure and may be it will break $1.7 resistance this time

For the better part of 2024’s third quarter, Bitcoin has watched its market capitalization balloon, hitting new highs. However, the altcoin market cap hasn’t kept pace, remaining below its previous all-time high, leading to concerns about capital rotation. Presently, the Altcoin Season Index , which tracks market cycles, currently sits at 26. This is below the threshold of 75 needed to confirm an altcoin-dominated phase. While this indicates that Bitcoin is still dominant, a shift toward altcoin season could occur if Bitcoin begins to stabilize or decline. In a tweet, CryptoQuant CEO Ki Young Ju described the altcoin market as a “zero-sum PvP game,” with assets rotating among themselves without fresh capital inflows. In his view, only a handful of projects with real-world use cases will make it big and reach new peaks in this cycle. Related: Is Altcoin Season Coming Feb 2025? A Look at the Bullish Signs Despite this, some analysts believe an altcoin breakout is imminent. Crypto Rover stated that Bitcoin’s bull run is “80% completed,” with the next 20% expected to be the most volatile. Historically, altcoins tend to rally after Bitcoin reaches its cycle top, indicating that a shift may be on the horizon. Crypto analyst Ted pointed out that the altcoin market cap recently experienced its first golden cross since early 2021. A golden cross occurs when the 50-day moving average crosses above the 200-day moving average. Historically, this cross signals a strong uptrend. In 2021, the last golden cross preceded a 500% surge in altcoin market capitalization within months. Meanwhile, Crypto Goos reinforced this sentiment, stating that “altcoin season will make a huge comeback” and predicting that investors could see significant gains soon. However, the debate over altcoin season continues. Even though technical indicators suggest a bullish outlook, Ki Young Ju’s observation about the lack of new capital entering the altcoin market raises concerns. Crypto analyst Miles Deutscher believes that the introduction of Bitcoin ETFs has altered the traditional market cycle. Historically, Bitcoin’s halving cycle led to wealth accumulation, prompting investors to reinvest in altcoins. Related: Altcoin Season MIA? Raoul Pal Reveals Crypto Portfolio, Puts Sui Ahead of Solana However, Deutscher notes that this cycle is weakening because Bitcoin ETF investors primarily hold BTC through traditional financial markets rather than crypto exchanges. Since these ETFs settle in U.S. dollars, there is minimal capital rotation into Ethereum and other altcoins. Glassnode data backs up this claim, highlighting a sharp $234 billion decline in the altcoin market capitalization over the past weeks. This marks one of the most significant drawdowns in recent history, though it remains less severe than the May 2021 miner migration crash or the late 2022 LUNA collapse. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The crypto market surprised many by flipping into extreme fear conditions, even though most crypto community members wait for an altcoin season. A sudden price crash across almost all the top cryptocurrencies confused many users, leaving them unsure whether to hold on for a potential upside reversal or to sell their digital assets and avoid further losses. Data from CoinmarketCap reveal that almost all the critical indicators are bearish after Monday’s crypto market crash, which saw the total crypto market cap drop to $2.97 trillion as of writing. The crypto market’s Fear and Greed Index slipped into an extreme fear figure of 29, generating varying opinions from analysts. Related: Altcoin Crash Deepens, But Analyst Says Crypto Market Set to Rebound Soon The altcoin season index remained extremely low, with a value of 23, while the CoinmarketCap 100 Index dropped to $182.7, reflecting a 5.65% decline in the past 30 days. Another bearish indicator is the significant drop in crypto ETFs’ net flow, which tumbled sharply with a $387.6 million outflow on Monday, February 24. Bitcoin lost 5.3% of its value on Monday, reflecting the highest single-day loss for the cryptocurrency since the first week of January. Related: Crypto Market Check: Experts on Bitcoin’s Next Move However, the flagship crypto displayed resilience, staying above the crucial $90,000 support. Analysts expect that level to hold for Bitcoin’s bullish sentiment to remain intact. A break below $90,000 could trigger a further crypto market decline, considering the prevailing FUD. Despite the massive losses, a section of the crypto market believes there is every reason to stay bullish. More so, they consider the extreme fear market condition an opportunity to accumulate more crypto assets following their belief that the bull run will continue. Besides Bitcoin, the top altcoins declined massively on Monday, with Ethereum tumbling to $2,473 in a 9.5% pullback, BNB losing 6% of its value, and Solana crashing by 14%. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

retesting 1.6 soon. Ready guys?