Hi, I just checked the charts this week and honestly, it's an interesting time. The markets took a hit but it's clear that the support levels are holding strong. Bitcoin is holding around $79K right now, and Ethereum has found a floor around $2.26K. With derivatives expirations continuing, we can feel that volatility remains in play.



What strikes me most is that despite the corrections, there is still accumulation. Bitcoin's dominance has risen to 56.8%, while Ethereum accounts for 12.2% of the market. The altcoin season index has dropped to 49, which really contrasts with the peaks we've seen. The total market capitalization has stabilized around $3.4 trillion.

Market sentiment has also cooled down. The fear-greed index has fallen to 54, down from previous weeks. If this trend continues, we might see lower levels. But honestly, the question everyone is asking right now is when the next bull run will truly start.

On altcoins, I notice that XRP is holding at $1.43, Solana is at $90.91, and Dogecoin even increased by 3.72% in 24 hours to $0.11. Chainlink is at $10.19, far from its all-time high of $52.70. Experts continue to bet on significant rallies when the next bull run really arrives.

The predictions circulating talk about Bitcoin potentially reaching $250K, Ethereum around $15K, Solana near $1,000. But honestly, with the current volatility, it's hard to know when we'll really break out. What’s certain is that the fundamentals remain solid for many of these projects. Just need to be patient and see how things develop this weekend.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned