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Top 5 Altcoins To Watch In The 3rd Week of February

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Altcoins have seen a mixed performance this past week, with some making significant gains while others remain in correction mode. Telcoin (TEL) led the rally with an 88% surge, pushing its market cap past $1 billion, while Sonic (S) jumped nearly 40% despite ongoing struggles since its rebranding.

Litecoin (LTC) also gained close to 30%, reclaiming the $10 billion market cap level, while DeXe (DEXE) dropped 11% as it continued its pullback from its early February highs. Meanwhile, ONDO has remained in a downtrend but could be setting up for a recovery as the broader RWA sector altcoins are going up.

Telcoin (TEL)

Telcoin (TEL) has surged 88% in the last seven days, making it one of the best-performing altcoins of the week. This surge pushed its market cap above $1 billion and reached its highest price level since December 2021.

This strong rally highlights renewed investor interest in the project as TEL breaks out of a long consolidation phase. With such momentum, Telcoin has reentered the spotlight as one of the best-performing assets in the market.

TEL Price Analysis.
TEL Price Analysis. Source: TradingView.

Telcoin aims to revolutionize remittances by providing a seamless and cost-effective way to send money globally. Through the Telcoin Wallet, users can send fiat remittances to over 20 countries.

If the bullish momentum continues, TEL could soon test the $0.013 level and even extend its rally toward $0.015. However, if the trend reverses, TEL might retrace to $0.0075, with further downside potential to $0.0063 or even $0.0042 in a stronger pullback.

Sonic (S)

S has surged nearly 40% in the last seven days, bringing its market cap back to around $1.5 billion. Despite the strong price rebound, trading volume has dropped 37% in the last 24 hours, now at $89 million.

This suggests that while buying pressure remains, overall market activity around S has slowed in the short term.

Sonic, formerly known as Fantom, aims to be the fastest and most efficient EVM Layer 1, combining speed, incentives, and top-tier infrastructure.

S Price Analysis.
S Price Analysis. Source: TradingView.

However, since its rebranding, the project has faced challenges, with its price still down 63% since mid-December 2024. While the recent rally is a positive sign, Sonic is still working to regain investor confidence and rebuild momentum.

If the current uptrend continues, S could test resistance at $0.60, and a breakout above that level could push it toward $0.65.

However, if S loses its momentum, it may retrace to $0.47, with further downside potential to $0.37 or even $0.33 if selling pressure intensifies.

Litecoin (LTC)

Litecoin, one of the most likely altcoins to receive ETF approval in the US, has climbed nearly 30% in the last seven days, with its price now trading near recent highs. Its market cap has reclaimed the $10 billion threshold, signaling renewed investor interest.

However, trading volume has declined 22% in the last 24 hours, now at $1.24 billion, suggesting a slight slowdown in market activity despite the strong rally.

LTC’s EMA lines indicate that the uptrend could continue, with short-term moving averages positioned above long-term ones.

LTC Price Analysis.
LTC Price Analysis. Source: TradingView.

This bullish setup suggests that momentum remains strong. If the trend holds, LTC could test resistance at $141 and $147. A breakout above these levels could push LTC toward $150 or even $160, which would mark its highest price since December 2021.

If the trend reverses, LTC has a key support level at $110 that could provide a buffer against a deeper decline.

However, if this level is lost, LTC could slide further to $96 or even $86 in a stronger pullback.

DeXe (DEXE)

DEXE, a governance protocol, has dropped 11% in the last seven days, bringing its market cap down to $1.5 billion. Trading activity has also remained relatively low, with its daily volume at $7.5 million. This decline comes as the token undergoes a correction following a strong rally earlier this month.

Built on the Ethereum blockchain, DEXE reached its highest price since 2021 on February 5. However, after hitting that peak, it has been in a pullback phase, with selling pressure outweighing buying momentum.

DEXE Price Analysis.
DEXE Price Analysis. Source: TradingView.

If the downtrend continues, DEXE could test the support at $15.8, and a break below that level could push it down to $13.2, its lowest price since mid-January.

On the other hand, if momentum shifts back in favor of buyers, DEXE could test resistance at $19.4, with further upside potential to $21.8 and $24.1. A strong breakout above these levels could even see DEXE testing $25 for the first time since April 2021.

Ondo Finance (ONDO)

ONDO has been in a downtrend over the last seven days, but with the RWA sector gaining momentum, it could be setting up for a recovery. As one of the leading real-world asset tokens, ONDO remains closely tied to broader sector trends, and as other RWA altcoins are currently trending, ONDO could follow that lead.

Its EMA lines are currently very close to each other, with short-term moving averages still below long-term ones.

ONDO Price Analysis.
ONDO Price Analysis. Source: TradingView.

However, the gap between them is narrowing, which could indicate a potential trend shift. If the downtrend continues, ONDO has strong support at $1.25, and a break below that level could push it down to $1.

If ONDO regains bullish momentum, it could test resistance at $1.49, with further upside potential to $1.66.

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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Solana (SOL) Crashes 11%—Is More Pain Ahead?

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Solana (SOL) is under heavy pressure, with its price down more than 10% in the last 24 hours as bearish momentum intensifies across key indicators. The Ichimoku Cloud, BBTrend, and price structure all point to continued downside risk, with SOL now hovering dangerously close to critical support levels.

Technical signals show sellers firmly in control, while the widening gap from resistance zones makes a near-term recovery increasingly difficult.

Solana’s Ichimoku Cloud chart is currently flashing strong bearish signals. The price has sharply broken below both the Tenkan-sen (blue line) and Kijun-sen (red line), confirming a clear rejection of short-term support levels.

Both of these lines are now angled downward, reinforcing the view that bearish momentum is gaining strength.

The sharp distance between the latest candles and the cloud further suggests that any recovery would face significant resistance ahead.

SOL Ichimoku Cloud.
SOL Ichimoku Cloud. Source: TradingView.

Looking at the Kumo (cloud) itself, the red cloud projected forward is thick and sloping downward, indicating that bearish pressure is expected to persist in the coming sessions.

The price is well below the cloud, which typically means the asset is in a strong downtrend.

For Solana to reverse this trend, it would need to reclaim the Tenkan-sen and Kijun-sen and push decisively through the entire cloud structure—an outcome that looks unlikely in the short term, given the current momentum and cloud formation.

Solana’s BBTrend Signals Prolonged Bearish Momentum

Solana’s BBTrend indicator currently sits at -6, having remained in negative territory for over five consecutive days. Just two days ago, it hit a bearish peak of -12.72, showing the strength of the recent downtrend.

Although it has slightly recovered from that low, the sustained negative reading signals that selling pressure remains firmly in control and that the bearish momentum hasn’t yet been reversed.

The BBTrend (Bollinger Band Trend) measures the strength and direction of a trend using Bollinger Bands. Positive values suggest bullish conditions and upward momentum, while negative values indicate bearish trends.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

Generally, values beyond 5 are considered strong trend signals. With Solana’s BBTrend still well below -5, it implies that downside risk remains elevated.

Unless a sharp shift in momentum occurs, this persistent bearish reading may continue to weigh on SOL’s price in the near term.

Solana Eyes $112 Support as Bears Test February Lows

Solana’s price has broken below the key $115 level, and the next major support lies around $112. A confirmed move below this threshold could trigger further downside. That could potentially push the price under $110 for the first time since February 2024.

The recent momentum and strong bearish indicators suggest sellers remain in control, increasing the likelihood of testing these lower support levels in the near term.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

However, if Solana manages to stabilize and reverse its current trajectory, a rebound toward the $120 resistance level could follow.

Breaking above that would be the first sign of recovery, and if bullish momentum accelerates, SOL price could aim for higher targets at $131 and $136.

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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Crypto Market Mirrors Nasdaq and S&P 500 Amid Recession Fears

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As traditional markets show clear signs of an impending recession, the crypto space is not immune from damage. Liquidations are surging as the overall crypto market cap mirrors declines in the stock market.

Even though the source of these problems is localized to the US, the damage will have global implications. Traders are advised to prepare for a sustained period of trouble.

How Will A Recession Impact Crypto?

Several economic experts have warned that the US market is poised for an impending recession. For all we know, it’s already here.

Since Donald Trump announced his Liberation Day tariffs, all financial markets have taken a real hit. The overall crypto market cap is down nearly 8%, and liquidations in the last 24 hours exceeded $500 million.

Crypto Liquidation Data
Crypto Liquidation Data. Source: CoinGlass

A few other key indicators show a similar trend. In late February, the Crypto Fear and Greed Index was at “Extreme Fear.” It recovered in March but fell back down to this category today.

Similarly, checkers adjacent to crypto, such as Polymarket, began predicting that a recession is more likely than not.

Although the crypto industry is closely tied to President Trump’s administration, it is not the driving force behind these recession fears. Indeed, crypto actually seems to be tailing TradFi markets at the moment.

The Dow dropped 1600 points today, and the NASDAQ and S&P 500 both had their worst single-day drops since at least 2020.

Recession Fears Sweep Traditional Markets
Recession Fears Sweep Traditional Markets. Source: CNBC

Amidst all these recession fears, it’s been hard to identify an upside for crypto. Bitcoin briefly looked steady, but it fell more than 5% in the last 24 hours.

This doesn’t necessarily reflect its status as a secure store of value, as gold also looked steady before crumbling. To be fair, though, gold has only fallen 1.2% today.

In this environment, crypto enthusiasts worldwide should consider preparing for a recession. Trump’s proposed tariffs dramatically exceeded the worst expectations, and the resultant crisis is centered around the US.

Overall, current projections show that the crypto market will mirror the stock market to some extent. If the Nasdaq and S&P 500 fall further, the implications for risk assets could worsen.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Binance’s CZ is Helping Kyrgyzstan Become A Crypto Hub

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Changpeng “CZ” Zhao, former CEO of Binance, is advising Kyrgyzstan on becoming a crypto hub. He signed an agreement with the Kyrgyz National Investment Agency to build the nation’s Web3 capacities.

A cornerstone of this plan is Kyrgyzstan’s A7A5 stablecoin, pegged to the Russian ruble and focused on emerging markets. CZ claimed that he has been advising several governments “officially and unofficially” regarding crypto.

CZ Helps Kyrgyzstan Drive Crypto Adoption

Countries worldwide are becoming more interested in crypto integration lately. Although Kyrgyzstan has not been a particular hub for crypto activity, it is trying to turn a new leaf.

According to the latest announcements, the country is developing a new A7A5 stablecoin pegged to the Russian ruble. Kyrgyzstan’s crypto turn is also being influenced by Changpeng “CZ” Zhao, the founder of Binance.

“A Memorandum of Understanding has been signed between the National Investment Agency under the President of the Kyrgyz Republic and Changpeng Zhao (CZ). In accordance with the Memorandum, the parties intend to cooperate in the development of the cryptocurrency and blockchain technology ecosystem in the Kyrgyz Republic,” claimed President Sadyr Zhaparov.

CZ is a very influential figure in crypto and has been involved with a few official governments in his career. For example, last month, allegations surfaced that he was working with President Trump to establish a new dollar-backed stablecoin.

Meanwhile, CZ acknowledged his business in Kyrgyzstan, claiming that he introduced President Zhaparov to X, the social media site.

“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful,” CZ claimed via social media.

Although CZ’s connection with Kyrgyzstan’s new A7A5 stablecoin is not fully known, it would align with his recent alleged Trump dealings.

Zhaparov’s statement claimed that the Binance founder will provide infrastructural, technological support, technical expertise, and consulting services on crypto and blockchain technologies.

Also, the president went on to state that this agreement with CZ will strengthen Kyrgyzstan’s standing in the growing Web3 environment. The long-term plan is to help create new opportunities for Kyrgyz businesses and society as a whole.

Presumably, this will involve some cooperation with Russia, as A7A5’s press release mentions “a new class of digital assets tied to the Russian economy.” This stablecoin is bucking significant tradition by aligning with the ruble instead of the dollar.

However, this is part of its strategy to focus on emerging markets. This novel experiment could demonstrate new market opportunities and challenge the dominance of USD-pegged stablecoins in the region.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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