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4 Analysts Predict Altcoins Are Ready for Explosive Bull Run

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Prominent technical analysts have declared that altcoins have potentially hit the market bottom, priming them for an impending bull run.

This sentiment echoes multiple expert opinions, suggesting a pivotal shift in the cryptocurrency market.

Altcoins Ready for New Bull Run

Michaël van de Poppe, a renowned technical analyst, affirmed that the altcoins have bottomed out. He also disclosed his current investment strategy, emphasizing his preference for altcoins due to their attractive pricing.

“I skewed towards altcoins, and will be looking to rotate back towards Bitcoin later. Everything is so cheap,” Van de Poppe revealed.

Van de Poppe specifically highlighted altcoins like Optimism (OP), Chainlink (LINK), Celestia (TIA), Woo (WOO), and Skale (SKL). He noted their potential to triple in value against Bitcoin with minimal risk.

Similarly, another technical analyst, Luke Martin focused on the Ethereum ecosystem’s strength relative to other sectors.

“This hasn’t happened in a while: Ethereum ecosystem looks the strongest vs almost every other crypto sector,” Martin remarked.

He pointed to coins such as Optimism (OP), Arbitrum (ARB), and Polygon (MATIC). These are currently receiving significant attention in the crypto market.

Read more: Which Are the Best Altcoins To Invest in April 2024?

Altcoins Price Performance
Altcoins Price Performance. Source: TradingView

Adding to the bullish outlook, Lark Davis commented on the unique opportunity the current market conditions presented. According to him, this price dip presents the best opportunity in recent months to acquire altcoins. He explained the current price levels as a strategic timing for investors to engage before the anticipated bull run.

“Looking at the current market conditions, I have to say this: There hasn’t been a better opportunity to accumulate altcoins in the past few months than this dip,” Davis said.

Meanwhile, veteran investor Raoul Pal provided a broader perspective on the cyclical nature of cryptocurrency markets, predicting a parabolic rally known as “The Banana Zone.” According to Pal, this phase is expected to kick off with the Crypto Summer, leading into a mania phase in the fall.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

“Crypto Summer is usually the start of [altcoin] season which goes full ‘bubble-tastic’ in Fall,” Pal explained.

He emphasized the importance of recognizing assets with compelling narratives and demonstrating substantial on-chain activity and scalability.

Crypto Market Parabolic Surge
Crypto Market Parabolic Surge. Source: Global Macro Investor

As these analysts suggest, the market is setting up for a significant turnaround. For investors, the key to capitalizing on this potential bull run is identifying altcoins with strong fundamentals and strategic positioning.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Is Solana Forming a Death Cross Against Bitcoin?

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Solana (SOL) price has been under pressure recently, leading to concerns about a potential downtrend against Bitcoin (BTC). On the SOL/BTC price chart are signs that the cryptocurrency could be forming a “death cross,” a pattern that suggests a further decline in price.

This follows a period of weak performance for Solana relative to Bitcoin, sparking discussions on whether the altcoin can recover or continue to underperform.

Will Solana Form a Death Cross Against Bitcoin?

Over the past few months, Solana price has experienced a sharp decline when compared to Bitcoin. As of mid-April 2025, Solana is priced at 0.00158 BTC, down by 23% from earlier in the month. This comes after a significant 54% drop since January, showing a steady loss in value relative to Bitcoin.

The recent drop in Solana’s price has raised concerns among traders and analysts. Moving averages, which track price trends over time, have been narrowing, which is often a precursor to a potential death cross formation.

SOL/USD 7-day chart (source: TradingView)SOL/USD 7-day chart (source: TradingView)
SOL/USD 7-day chart (source: TradingView)

Specifically, the 23-day moving average is approaching the 200-day moving average in the weekly chart, a key level for technical analysts. If it crosses below the 200-day average, it would officially signal a death cross. This could indicate a further decline in Solana’s price against Bitcoin.

Solana’s Recent Performance and Market Trend

Nonetheless, Solana has had some strength, which can be attributed to the recent launch of Solana ETFs in Canada.

At the same time, institutional investors’ attention contributed to the altcoin’s success in surpassing the performance of numerous other cryptocurrencies, including Bitcoin. Solana delivered a 10.5% return within a week, while Bitcoin delivered a 1.8% return in the same time frame.

Nonetheless, the recent excitement about Solana appears to have subsided with the lessened market movements. Analysts like Ali Charts are now analysing whether the recent strength was just a blip in the charts or the first sign of an actual trend reversal to $65.

SOL/BTC Technical Patterns and Support Levels

Based on the current technical perspective, Solana’s price trend against Bitcoin has established the “Falling wedge” chart. This pattern is normally noticed during the consolidation phase, and the break above the upper trend line is usually interpreted as a signal for a bullish move.

The declining moving averages indicate that Solana may continue to decline against Bitcoin and possibly test lower supports despite the SOL/ETH ratio recording its highest weekly close

At present, the price is almost at the apex of the wedge pattern, meaning that it can break soon. If the price surmounts the resistance level at around 0.0018BTC, it will possibly lead to a bullish run and might even regain the value of 0.001895BTC for Sol. However, if the price cannot hold its support at 0.0014 BTC, then it may decrease even lower.

SOL/USD 1-day price chart (Source: TradingView)SOL/USD 1-day price chart (Source: TradingView)
SOL/USD 1-day price chart (Source: TradingView)

Solana’s performance against Bitcoin will be very significant over the next few weeks. The potential death cross and the support and resistance levels on the chart pinpoint that Solana might experience a difficult time moving forward. If the trend persists, the altcoin could potentially drop as low as 0.001 BTC—a price point that, when measured in dollar terms, is below $100.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Canary Capital Files For Staked Tron ETF

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American asset management company Canary Capital has taken a new leap with a new filing for a staked Tron ETF product. Known as the pioneer of some of the most renowned altcoin ETF products, this new Tron ETF has further placed the firm at the forefront of the exchange-traded fund drive.

The Canary Capital Staked Tron ETF

According to the prospectus released by the firm, the new product is dubbed the Canary Staked TRX ETF. The firm is yet to reveal the trading platform the product will trade on, however, it confirms it will provide exposure to the price of Tron.

Based on the pricing data offered by Coindesk Indices, Canary Capital said it will rely on this to establish the Net Asset Value (NAV) for the product. This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC).

This is a breaking news, please check back for updates!!!

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Price History Signals July As The Next Bullish Month

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Based on historical data, July could be the next bullish month for the XRP price, which continues to consolidate amid this crypto market downtrend. Despite the market downturn, crypto analysts like CasiTrades are confident that the altcoin could still reach a new all-time high (ATH) in this market cycle.

Historical Data Points To July Being The Next Bullish Month For The XRP Price

Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.

ImageImage

Unlike July, April to June have been mixed for XRP over the last five years. For April, the last three out of five months have been bearish for the altcoin, although it recorded a 174% gain in April 2021.

For May, three out of the last five months have been bearish for the XRP price, although it recorded meagre gains in May 2023 and 2024. Meanwhile, June has been completely bearish for the altcoin, as it recorded monthly losses in the last five months.

It is worth mentioning that four out of the five monthly gains for XRP in July have been double-digit gains. As such, Ripple’s native crypto could again record double-digit gains this coming July.

Interestingly, crypto analyst Egrag Crypto predicted that XRP could reach double digits by its July 21 cycle peak. He alluded to the altcoin’s previous bull runs as to why July could mark this cycle’s peak. The analyst believes the Ripple price could reach $27 by then.

Analysts Argue XRP’s Consolidation Could End Soon

Amid this historical data, crypto analysts Dark Defender and CasiTrades have suggested that the XRP price consolidation could end soon. In an X post, Dark Defender stated that the altcoin’s consolidation is nearing an end and that he believes this is the final consolidation of the monthly structure.

ImageImage

Once this consolidation is done, the crypto analyst remarked that market participants can expect the Wave 5, which will send Ripple’s native crypto to new highs. He highlighted $2.22 and $2.30 as the major resistances to watch out for, while $1.88 and $1.63 are the major support levels. Meanwhile, the targets on this Wave 5 up are $3.75 and $5.85, which will mark a new ATH for the altcoin.

As CoinGape reported, crypto analyst CasiTrades also predicted that the XRP price could soon reach $6 as Wave 2 correction nears its end. The analyst also raised the possibility of the altcoin rallying to as high as $9.50 and $12 if it reaches the 2.618 and 3.618 Fibonacci extension levels, respectively.

However, there is still the possibility of the XRP price dropping below the $2 level before it rallies to new highs. Egrag Crypto warned that Ripple’s native crypto could still drop to as low as $1.4 in the event of a major liquidation.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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