Bitcoin is currently trying to bounce back above $110k while still holding a commanding 59% of the crypto market. This dominance has left many altcoins struggling for attention, but market analyst Michael van de Poppe sees this as just the beginning.
A sharp Bitcoin rally on October 21 and the biggest one-day gold drop since 2013 shifted attention back to altcoins. According to van de Poppe, Ethereum could soon surpass $5,000, while select altcoins might be preparing for their first 5–10x bull run of the cycle.
Yet another factor that lays stress on the altcoins price setup today, is the flash crash just ten days back, which has created, what van de Poppe calls a “window of maximum financial opportunity.”
With a soft CPI print expected and potential Fed rate cuts of 50–75 basis points before year-end, the macro conditions may provide a strong tailwind for cryptocurrencies.
These are the altcoins showing promising signs and Analyst Ali Martinez has made certain predictions:
THETA is currently trading at $0.5514, up 1.95% on the day. After a sharp sell-off, the token has bounced strongly from the $0.54 support zone. A sustained move above $0.575 could confirm a short-term breakout, leading to gains of 30% or more.
THETA’s strong community, coupled with its ongoing platform upgrades, adds fundamental support to the technical outlook.
ALGO has recently shown resilience, trading at $0.1805, a 0.79% gain on the day. Martinez is closely monitoring the $0.15 zone, which has acted as a strong rebound level.
If ALGO maintains above current levels and sustains upward momentum, it could be positioned for further upside.
AAVE has seen a price jump to $235.71, with a 0.96% increase and overall bullish momentum following recent dips. Martinez said that $135 is a crucial level, acting as a magnet that could influence future price action.
The protocol’s ongoing updates, strong community support, and DeFi integrations continue to position AAVE as a leading altcoin for investors looking to ride the next bullish trend.
For Cardano, $0.62 is the critical support level. Currently trading near this range, ADA must hold above this level to build momentum toward its potential breakout target of $1.90.
The ongoing network upgrades and smart contract adoption on Cardano add long-term bullish fundamentals.
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