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A closely followed analyst believes that the crypto markets are primed for a corrective move following strong rallies over the past couple of weeks. Pseudonymous analyst Altcoin Sherpa tells his 245,200 followers on the social media platform X that he thinks “a dip is going to come soon,” but he doesn’t see any reason to be super bearish once the correction takes place. According to the analyst, a correction should provide an opportunity for investors to enter the crypto market before another leg up. Should a marketwide pullback materialize, Altcoin Sherpa says he plans to accumulate five altcoins. “Coins I want to buy: BONK ($0.00001600s) Fartcoin ($0.85) POPCAT ($0.33) HYPE ($15-$16s) GUN ($0.055s) Loads of others too, but those are on my short list for now.”  Looking closer at the memecoin Fartcoin, the trader notes that FART needs to stay above $1.05 to witness new rallies. Otherwise, he thinks the altcoin could fall to as...

It has been an increasingly volatile year for the US stock market, while the Magnificent 7 has been hit especially hard. However, things began turning around in a big way in the last two weeks. Amid that rebound, Tesla (TSLA) has emerged as a key player, with one expert saying the stock is now facing 40% upside this year. The company had been experiencing a stark downturn since the start of the year, mostly because of a brand crisis taking place. Widespread consumer protests and a divisive CEO in Elon Musk had many worried about its 2025 prospects. Yet, the EV manufacturer may finally be turning the corner. Moreover, it may have even more gains set to be on the way. Source: Bitcoin.com Also Read: Tesla (TSLA) Faces “Code Red” : What Can Hold the Stock Back? Tesla Eyes Continued Rebound as Analysts Have High Hopes For One Big Reason This week, Tesla unveiled its Q1 earnings report, and the data certainly underperformed. That didn’t harm the stock, however, as this share price had a...

Pepe (PEPE) seems to be making a remarkable recovery. The asset is currently outperforming the top 30 cryptocurrencies by market cap in the weekly charts. The frog-themed crypto’s price is up 2.2% in the daily charts, 18.7% in the weekly charts, and 1.7% in the 14-day charts. Despite the rally, the memecoin is down 28.8% in the monthly charts and 8.6% since March 2024. Also Read: Ethereum Prediction: How High Will ETH Trade During The End of March 2025 Source: CoinGecko Cryptocurrencies Make A Comeback Source: Watcher Guru The crypto market may be in the early stages of a turnaround. Bitcoin (BTC) has reclaimed the $83,000 price point after its brief dip to sub-$80,000 levels. PEPE has faced a big correction over the last month. The memecoin’s price gained an additional zero after its decimal point. Also Read: GTA 6 Map Mod Lets You Explore New Vice City Early! The slight market recovery could be due to a new SEC chair taking office later this month. Paul Atkins will take ov...

XRP has witnessed one of the most iconic price breakouts in the cryptocurrency market, but to one analyst, this momentum does not add up.  Rajat Soni has questioned the legitimacy of XRP’s growth, describing it as ‘not natural’ and suggesting it could be part of a ‘pump and dump’ scheme, he said in a post on X on December 3. Soni highlighted XRP’s 435% surge since November 2 while pointing out its relatively modest 11% growth since 2018, which he called inconsistent.  Picks for you Jim Cramer reveals what could cause the next U.S. stock dump 42 mins ago U.S. politician just made a super suspicious crypto trade 2 hours ago Ripple p...

The cryptocurrency market has witnessed a major transformation over the past couple of days. Assets like Dogecoin (DOGE) and Ripple’s XRP were shining throughout the month. XRP managed to rise and has emerged as the third-largest cryptocurrency. While the altcoin has pushed several assets to take over this spot, Dogecoin could be following in the footsteps of XRP. Also Read: Currency: What’s Happening With Indian Rupee And The US Dollar? Dogecoin Vs. Ethereum The Dogecoin has surged by over 160% throughout the past month. The OG meme coin went from trading at a low of $0.14 all the way to a high of $0.4775. At press time, DOGE was trading at $0.4079 after dropping by more than 3% over the past 24 hours. Source As seen in the image, Ethereum has also recorded a fairly good rise. The largest altcoin has surged by 42% over the last 30 days. At the time of writing, ETH was trading at $3,581.06. But the asset saw a downtrend of 2.69% over the past 24 hours. In addition, the market cap ...

An analyst who continues to grow his following with timely crypto calls believes that altcoins are about to witness a final capitulation event. Crypto strategist Benjamin Cowen tells his 876,600 followers on the social media platform X that the altcoin market looks poised to plummet against Bitcoin (TOTAL3/BTC). TOTAL3 serves as a proxy for the altcoin market as it tracks the market cap of all crypto excluding Bitcoin, Ethereum (ETH) and stablecoins. According to Cowen, TOTAL3/BTC appears to follow a price pattern witnessed in 2019 when the pair slumped to a key support level before a reversal and a strong uptrend. “It looks like the grand finale of the altcoin reckoning has finally arrived. The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest). It has been a long journey, and many gave up along the way, but this process was always going to play out.”  Source: Benjamin Cowen/X A bearish TOTAL3/BTC chart sug...

Bitcoin (BTC) has surged 7% over the last two weeks, rallying from $59,400 to $69,300. This sharp recovery has reignited market optimism, with an analyst identifying several key factors suggesting a potential bullish breakout for Bitcoin. With the U.S. Presidential election just two weeks away, traders and analysts are closely watching how key events, such as the election and historical price cycles, might trigger Bitcoin’s next significant move. Notably, an Analysis by TradingShot leverages the Mayer Multiple Band, with Bitcoin hinting at a possible bullish breakout that aligns closely with its established four-year cycle pattern. Picks for you Gold is now most overbought in 5 years; Is it time to sell? 59 mins ago VALR launches Fu...

A widely followed crypto analyst says that one catalyst could spark a bull run for Bitcoin (BTC) and other digital assets. In a new video update, crypto strategist Jason Pizzino tells his 334,000 YouTube subscribers that the latest BTC crash can be attributed to the US dollar breaking out of its slump. “Bitcoin also dropped for a few days but then found its peak when the US dollar found its low… Now we find ourselves at the present day where we’ve just seen the US dollar break out of its downtrend… And this seems to have put pressure on Bitcoin, at least in the short term.” Looking at the U.S. Dollar Index (DXY) chart, Pizzino says that while it may have some more room to rise, traders should keep an eye out for a rejection near a specific area as that could spark a massive bull market for digital assets and possibly the stock market. “I think [the DXY has] got a little bit more upside here… Now we come up to test around the 101.8 top, 10...

A closely followed analyst believes that one Ethereum (ETH) challenger is gearing up to spark massive rallies and play catch-up with other high-flying crypto assets. In a video update, pseudonymous analyst Rager tells his 197,800 followers on the social media platform X that Fantom (FTM) is one of his highest conviction trades for the coming year. Rager says Fantom’s upcoming migration to Sonic could push the altcoin to revisit all-time high levels. “If you just look at the Fantom chart, you’re going to have an idea of how high this can go. All-time high close [is] around $3.30, $3.50 as the all-time high. That only puts it at around $10-$11 billion market cap.  Currently, Fantom is sitting around not even $2 billion market cap at $0.70. When you have L1s, L2s and a lot of other coins in general… I see Fantom or Sonic taking over those, and of course, that would put it around the top 20… I do think it could hit all-time highs again ...

Bitcoin (BTC) lost a four-month price range after breaking down from $60,000, trading as low as $53,540. Now, a prominent cryptocurrency analyst believes BTC can revisit its lows and maybe drop even further in a bearish context. CrypNuevo shared this analysis in his “Sunday Update” as a thread on X, pointing to key technical indicators. In the analyst’s words, “The next key level to the downside is exactly $51.7k.”  Essentially, the $51,700 price level matches with leverage liquidation pools formed after the wick down to $53,540. Moreover, it matches the 50-week exponential moving average, which is a solid price and trend indicator. Picks for you Monero surpasses Bitcoin in payment volume for the first time on platform 2 hours ago ...