Bitcoin
List of Altcoins That Will Boom When Bitcoin Hits $70,000
On Crypto Banter’s Dylan’s Trading Show, The analyst said that the next target for Bitcoin is $70,000, especially if positive news emerges from the BTC conference. In short, he said that the outlook is super bullish for BTC, with critical levels to watch and a potential push to $70,000 if the momentum continues and key events align favorably.
The analyst said that when looking at the Solana ecosystem, he automatically considers tokens like Jupiter, Radium, Bonfida, and WIF. He also looks at meme coins within the ecosystem, which often outperform when Solana is on the rise.
Jupiter is particularly hailed for its strong performance and recent uptrend. With a trend breakout and a W formation, JUP looks poised for larger moves. Key support levels to watch are $0.96 and $0.99, with a potential target of $1.17.
JTO is another notable addition to the Solana ecosystem, especially with its recent relaunch and re-staking mechanism, called “reking,” which has pumped bags of money in the past. The 50-day moving average serves as significant support, with a bullish outlook if it breaks the 200-day moving average.
WIF, a Solana meme coin, shows upside potential with support at $2.25 and potential scalping zones at $2.44 and $2.52. Watching these areas for bounces can help traders capitalize on bullish moves.
For AAVE, recent bullish news and changes to its staking mechanism have led to a price surge. The analyst said that key support is at $99.6 and upside targets are $105 and $111.
For Injective Protocol (INJ), despite being at resistance, there is potential for growth if BTC moves towards $70,000. The analyst recommended watching for bullish pullbacks and maintaining a balance between taking profits and holding for potential future gains.