Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:
Macro Update
Markets seem to have stabilized for now after the positive news on tariffs. I think we still need to let the next few weeks play out but with so many bottom indicators that triggered, I would add to positions while you can. This is a news driven market it seems. Even Trump said it’s a good time to buy:
The same thing happened in December 2018 when Trump was in office and it marked the bottom so something to consider:
https://twitter.com/QuantificS/status/1909991913924493793
Bitcoin Update
Bitcoin has continued to rally with the stock market. It seems to be breaking out of this falling wedge finally. If the weekly close crosses above $86,000 then this is a good sign of a reversal to the upside:
We also had another 3 percent drop in DXY over a 3-day period. Average returns 12 months was at least 125% when this signal occurred:
I am waiting for the Nasdaq QQQ weekly close to be above 470 and that will be another sign that bottom is likely in.
Solana Update
Solana is looking similar to Bitcoin where it’s now breaking above this falling wedge. If the weekly close can cross above 138 then is a good sign of a reversal to the upside.
Solana vs. Bitcoin looks like it’s in the process of potentially regaining this key support level. If it does, then I can see Solana having another major outperformance run against Bitcoin.
Dogecoin Update
Dogecoin is also rallying but still has a ways to go for a more meaningful reversal. I want to first see the weekly close cross above 0.168 and if that holds then a reclaim of 0.20. Then we should be in a good spot for more upside.
Sui Update
Sui is showing signs of potentially reversing. It broke through this trendline and I want see the weekly close above 2.35. If it can hold that level and then reclaim 2.85, we should be good for more upside.
Large Caps
For large caps, here’s the ones that stand out on a long term timeframe:
- XRP
- TRON
I think other coins like Solana, Sui or Dogecoin will have a better risk-to-reward at this point.
Pepe is also rallying but still not breaking out of its downtrend line. I want to see its weekly close above 0.000009 for a meaningful reversal to the upside.
Model Portfolio Update
The model portfolio is now down roughly 9% as the market continues sideways and is showing signs of a reversal:
I pointed out which coins are still in a decent buy zone so be sure to review those if you are still looking to allocate. However if you want to be more conservative, you can wait for a bullish confirmation in Bitcoin which for me is when the weekly close is above $93,000.
As I mentioned previously, I think we are showing some early signs of a reversal in the market for risk assets.
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