• bitcoinBitcoin (BTC) $ 61,945.00
  • ethereumEthereum (ETH) $ 3,427.89
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 412.70
  • solanaSolana (SOL) $ 129.63
  • xrpXRP (XRP) $ 0.634407
  • staked-etherLido Staked Ether (STETH) $ 3,427.04
  • usd-coinUSDC (USDC) $ 0.999625
  • cardanoCardano (ADA) $ 0.731097
  • dogecoinDogecoin (DOGE) $ 0.141171
  • avalanche-2Avalanche (AVAX) $ 43.59
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  • polkadotPolkadot (DOT) $ 9.26
  • matic-networkPolygon (MATIC) $ 1.11
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,007.00
  • bitcoin-cashBitcoin Cash (BCH) $ 487.91
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  • the-open-networkToncoin (TON) $ 2.72
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  • stellarStellar (XLM) $ 0.136658
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  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,773.09
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  • makerMaker (MKR) $ 2,130.64
  • fetch-aiFetch.ai (FET) $ 1.83
  • elrond-erd-2MultiversX (EGLD) $ 70.98
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  • arweaveArweave (AR) $ 28.38
  • beam-2Beam (BEAM) $ 0.035113
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,522.85
  • flowFlow (FLOW) $ 1.19
  • thorchainTHORChain (RUNE) $ 5.79
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  • ordinalsORDI (ORDI) $ 79.03
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  • galaGALA (GALA) $ 0.046202
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  • bonkBonk (BONK) $ 0.000024
  • the-sandboxThe Sandbox (SAND) $ 0.691424
  • axie-infinityAxie Infinity (AXS) $ 10.96
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  • eosEOS (EOS) $ 1.06
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  • whitebitWhiteBIT Coin (WBT) $ 8.21
  • singularitynetSingularityNET (AGIX) $ 0.929056
  • neoNEO (NEO) $ 16.65
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  • dydxdYdX (ETHDYDX) $ 3.75
  • oasis-networkOasis Network (ROSE) $ 0.165960
  • blurBlur (BLUR) $ 0.752020
  • pyth-networkPyth Network (PYTH) $ 0.709658
  • akash-networkAkash Network (AKT) $ 4.62
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000183
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  • jasmycoinJasmyCoin (JASMY) $ 0.021446
  • gnosisGnosis (GNO) $ 399.49
  • frax-etherFrax Ether (FRXETH) $ 3,417.12
  • iotaIOTA (IOTA) $ 0.327577
  • cheeleeCheelee (CHEEL) $ 18.08
  • osmosisOsmosis (OSMO) $ 1.61
  • woo-networkWOO (WOO) $ 0.539835
  • wemix-tokenWEMIX (WEMIX) $ 2.70
  • astarAstar (ASTR) $ 0.168519
  • dymensionDymension (DYM) $ 6.25
  • roninRonin (RON) $ 2.99
  • ecasheCash (XEC) $ 0.000046
  • msolMarinade staked SOL (MSOL) $ 152.19
  • swethSwell Ethereum (SWETH) $ 3,538.48
  • jupiter-exchange-solanaJupiter (JUP) $ 0.618698
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.39
  • illuviumIlluvium (ILV) $ 125.47
  • curve-dao-tokenCurve DAO (CRV) $ 0.690527
  • nexoNEXO (NEXO) $ 1.39
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,680.19
  • enjincoinEnjin Coin (ENJ) $ 0.526914
  • manta-networkManta Network (MANTA) $ 2.99
  • ribbon-financeRibbon Finance (RBN) $ 0.794261
  • gatechain-tokenGate (GT) $ 5.53
  • usddUSDD (USDD) $ 0.998880
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  • nervos-networkNervos Network (CKB) $ 0.015848
  • bitcoin-goldBitcoin Gold (BTG) $ 38.87
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  • coredaoorgCore (CORE) $ 0.765072
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  • rocket-poolRocket Pool (RPL) $ 31.87
  • compound-governance-tokenCompound (COMP) $ 91.96
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.51
  • ocean-protocolOcean Protocol (OCEAN) $ 1.04
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  • iotexIoTeX (IOTX) $ 0.062593
  • lido-staked-solLido Staked SOL (STSOL) $ 151.33
  • terra-luna-2Terra (LUNA) $ 0.869104
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  • zetachainZetaChain (ZETA) $ 2.39
  • skaleSKALE (SKL) $ 0.109103
  • altlayerAltLayer (ALT) $ 0.509279
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  • siacoinSiacoin (SC) $ 0.009837
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  • tether-goldTether Gold (XAUT) $ 2,079.06
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  • radixRadix (XRD) $ 0.045402
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  • stader-ethxStader ETHx (ETHX) $ 3,461.11
  • moonbeamMoonbeam (GLMR) $ 0.509173
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  • memecoin-2Memecoin (MEME) $ 0.041851
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  • aleph-zeroAleph Zero (AZERO) $ 1.31
  • pax-goldPAX Gold (PAXG) $ 2,030.13
  • decredDecred (DCR) $ 24.87

Crypto Analyst Breaks Down Rebounding Bitcoin (BTC), Solana (SOL) and Altcoin Market Cycles

0 23

A widely followed crypto trader is analyzing the up-and-down price activity of Bitcoin (BTC), Solana (SOL) and altcoins in general.

Pseudonymous trader Rekt Capital tells his 390,400 followers on the social media platform X that BTC is about to face a moment of truth.

“Moment of truth for Bitcoin

Green arrows show good retests of the Range Low as support.

But this current rebound could turn the old Range Low into new resistance.

However, a Daily Close above the Range Low & later a one week Close would recover the range.”

Crypto Analyst Breaks Down Rebounding Bitcoin (BTC), Solana (SOL) and Altcoin Market Cycles

Source: Rekt Capital/X

BTC is worth $41,952 at time of writing, up 6% in the last 24 hours. According to Rekt Capital, this recent leap will have an impact on the cycle of the altcoin markets.

“Yesterday the Q1 Altcoin Hype Cycle was doubted.

Today BTC has moved +3% and suddenly there is new hope.

The reality is that Bitcoin may very well continue to see-saw in the near-term but it shouldn’t impact your view on what lays weeks ahead.”

Diving deeper into the altcoin cycle, the analyst shares a graph and asks the question — is altcoin hype about to spike?

“Is the Q1 Altcoin Hype Cycle slowly getting closer?

Lowest hype = peak financial opportunity (green)

Highest hype = peak financial risk (red)”

Crypto Analyst Breaks Down Rebounding Bitcoin (BTC), Solana (SOL) and Altcoin Market Cycles

Source: Rekt Capital/X

Looking at one altcoin in particular, Rekt Capital says he expects Solana to dip slightly before continuing its rally.

“Solana is perfectly following the orange path

+15% up since the green zone”

Crypto Analyst Breaks Down Rebounding Bitcoin (BTC), Solana (SOL) and Altcoin Market Cycles

Source: Rekt Capital/X

SOL is trading for $93.20 at time of writing, up nearly 9% in the last 24 hours.

Source

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