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An analyst known for making timely altcoin calls believes that one memecoin running on Solana (SOL) is gearing up for a huge upside burst. Pseudonymous analyst Bluntz tells his 319,800 followers on the social media platform X that he sees the memecoin SPX6900 (SPX) igniting steep surges based on the principles of the Elliott Wave theory, an advanced technical Analysis approach that tries to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset tends to witness a five-wave rally, with wave three representing the longest and steepest upside move. Says Bluntz, “SPX looks insane in my opinion, it looks like the entire price action from the March lows is all 1-2s and hasn’t even had a wave three yet, setting the stage for a full-blown parabola later.” Source: Bluntz/X Based on the trader’s chart, he seems to predict that SPX will rally to $2.20. At time of writing,...

Crypto markets have recently faced a sharp downturn, dropping to their lowest levels in three months and reversing most of the gains seen after Donald Trump’s U.S. presidential victory. The pullback has been fueled by both macroeconomic uncertainty and crypto-specific factors, deepening investor concerns about the market’s trajectory. Among the key factors weighing on sentiment is the recent Bybit exchange hack, described as the biggest crypto heist in history, which has further eroded trust in centralized platforms. Meanwhile, record outflows from spot Bitcoin exchange-traded funds (ETFs) suggest that institutional investors are temporarily pulling back, adding to selling pressure and fueling volatility. As a result, the global cryptocurrency market cap has fallen to $2.77 trillion, marking a 0.8% decline in the last 24 hours. As the market matures, accurately predicting cycle stages has become increasingly difficult. ...

Michael van de Poppe, a well-known crypto analyst, recently shared his thoughts on the altcoin market. He believes that the altcoin season is slowly beginning to take shape. In a recent post on X, he observed that many altcoins are showing an upward trend, with several digital assets experiencing daily price increases. He further suggests that the current bullish momentum in the altcoin market could grow stronger. According to his Analysis , this period might signal an improved market outlook for altcoins. Following this, many investors feel optimistic about the potential gains and actively seek the best cryptocurrencies to invest in right now . This sentiment is driven by the belief that the market may continue to strengthen in the coming months, presenting growth opportunities. Best Cryptocurrencies to Invest in Right Now Worldcoin recently broadened its scope by integrating with the Solana blockchain to improve user verification processes. Meanwhile, Memebet, a new project mergin...

A crypto strategist who nailed the pre-halving correction for Bitcoin (BTC) thinks that a layer-1 project is close to sparking breakout rallies. Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Injective (INJ) appears to be forming a large falling wedge structure on the weekly chart. The falling wedge pattern is typically viewed as a bullish reversal signal as it indicates that sellers are losing momentum while buyers are stepping in to slow down the price decline. Says Rekt, “Injective has been developing this channel for months. A weekly close above the light blue diagonal resistance could be enough to kickstart a new uptrend. INJ will coil as close to the apex of this structure as possible in preparation for a breakout.”  Source: Rekt Capital/X At time of writing, INJ is trading at $18.63, down over 5% in the past day. Turning to top memecoin Dogecoin, the analyst thinks DOGE is still in the pro...

Despite a difficult August that saw the asset plummet nearly 25%, Dogecoin is back on the mend this week. DOGE has started a fresh increase above the $0.100 resistance against the US Dollar. With the asset climbing this week, holding above 10 cents for enough time could bring positive gains, showing its resilience. The last several weeks have not been great for DOGE. The token has lost more than 20% of its value in the last 30 days, according to CoinMarketCap. Yet, a turnaround may already be taking place. The last 24 hours have seen the crypto increase more than 2% to reach its current $0.10 level. With September around the corner, the altcoin market also hopes for a stellar recovery. Most of the bullish bets are placed on Ripple (XRP) and Dogecoin. Currently, on-chain data reveals a key bullish trend line forming with support near $0.1050 on the hourly chart of the DOGE/USD pair. The coin has teetered around this price point for the last 48 hours but remains steadily past it. This is...

The altcoin market looks bullish as some coins try to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend. Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale. 1. UNUS SED LEO (LEO) UNUS SED LEO is a utility token recognized for i...