MultiBit, a Bitcoin bridge for BRC20 and ERC20 tokens, seems to profit from the current hype around Runes and the general Bitcoin narrative, and is doing quite well despite the weak market.
Tesla needs to bounce here, or it's over. The target of the trade is the upper bound of the declining channel, around $225. It looks weak overall, so be careful with sizing and use a stop loss. If it doesn't bounce here you can switch position and short it towards the 2023 low around $101.
Added to my long-term SOL position on this pullback. The entry is rather aggressive here. If you are more cautious, consider buying on the retest of the mid-range. Be aware that it may also drop a floor lower into the pink box, where the daily MA-200 is located.
Rollbit, the premier casino coin, found its way back into the trading range. If Bitcoin behaves and doesn't drop, it might do well in the coming weeks. The first target is the range high around $0.2, and the extended target is around $0.3.
Aptos shows remarkable strength during the recent BTC dump. This is usually a good sign for future price development. It also holds nicely above the midpoint of the trading range. My first target is the 1x range extension at around $35.
ONDO is one of the few tokens that didn't drop during the sell-off in the last few days. That's usually a good sign, and it should be worthwhile to put this token on your watchlist. It's a token in the Real World Asset space and is backed by the likes of BlackRock and others.
ARKM had a phenomenal run-up, but I think now it's time for a pullback. It should bounce back at around $1.5, where the SMA-200 is, and the place it went into overdrive on the way up. Whether it can reach new all-time highs remains to be seen.
Swarm Markets is a token in the Real World Assets space that has broken out of its descending channel. It's above its 10- and 50-day moving averages and has started an upward trend. My measured target would be the 2x range extension, around $2.
Zero1 Labs is a new AI token with a small market cap and a good looking chart.
ANKR passed the pivot around $0.05 and looks ready for lift-off. It's a provider of decentralized infrastructure and thus fits the currently popular DePIN narrative well.
DAO has reclaimed its base and broken the diagonal resistance. I think this should do well in the coming weeks...
I believe Thala is currently the best coin in the Aptos Ecosystem. If Aptos performs well, so will this one. Despite its recent increase in value, the market cap is still tiny; there's room for a 10x.
JOE the primary DEX on the Avalanche blockchain is likely to outperform its parent AVAX as interest in the eco heats up. I would set my first take profit targets at the 2x range extension around $3.
I really like BLURUSDT here. Holding very well above the SMA-50 and the A-VWAP. Breaking out of the consolidation right now. Will have some resistance around the range mid point. I expect this to do well long-term, especially with the upcoming hype around the Blast L2 launch.
CHZUSDT is showcasing promising signs, holding steady above the pivot point and the 200-day Simple Moving Average. This positioning indicates a bullish outlook towards the mid-range target of $0.16. Investors should, however, be mindful of potential resistance near the Average AVWAP, which is currently at $0.14.
Bitcoin is currently at a critical juncture. To resume its upward trajectory, it must reclaim several critical support levels. However, the confluence of the 50-day SMA, the range pivot, and the long-term macro level near $43,000 poses a significant obstacle. Based on this analysis, I anticipate a pullback before Bitcoin resumes its upward journey.
AMD has passed my point of no return today at around $152. I don't expect the range high to be a significant resistance, but the channel high around $200 may cause some turbulence. My long-term target is the 2x range extension around $272. Good luck to those in the trade.
KMA is the test network of Manta, a Layer 2 chain that will soon launch. I expect this to perform well during and after the launch.