Leading the Impending Pump: Solana, Ethereum, and Bitcoin
There is still a big question mark over whether certain coins like Solana and Ethereum are likely to lead the impending pump, with Bitcoin paving the way. While altcoins may initially lag behind, they typically catch up in a few days. Analysts have started rolling out lists of coins to keep an eye on and monitor.
Altcoin Sherpa’s Insights
Altcoin Sherpa took to his X handle and shared technical analysis about several altcoins that could be promising:
- IO: A new Binance project showing promising signs of launch success. Considering adding to his position soon, he also noted that BTC appeared poised for a bounce.
- Render (RNDR): Expressed confidence in its potential as a decent AI coin, though the sector’s outperformance in Q3 and Q4 remains to be seen. Despite exiting his position, he observed the price sitting atop the weekly level, wondering if it might mark the bottom.
- Solana (SOL): Predicted continued range-bound movement between $185 and $120. Viewing the consolidation period as healthy following a significant rally, he wrote, “I think SOL is just going to keep chopping around personally between $185 and $120. It’s a big range overall but I think we just continue to see a prolonged period of consolidation. It’s healthy to see this after that huge run to be honest, expecting bigger things later.”
- Fetch.ai (FET): Stressed the need for patience, suggesting it might be a good buy with indicators like the 200-day EMA and .618 fib suggesting potential support.
- Non-Playable Coin (NPC): Credited it with carrying his portfolio through market chop, expressing confidence in its meme potential and expecting further gains in the future.
- Toncoin (TON): Believed it was on the brink of breaking its all-time high.
- ONDO: Remained one of the strongest coins despite holding above anticipated levels.
