Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:
Bitcoin Update
Bitcoin is still in this same range between 90-100k. I added a box to better show this. We are looking for a breakout above this box for a continuation to the upside. If you are fully allocated, there is nothing to do except wait it out. If you have spare capital, you can buy more at the bottom of this range.

Bitcoin Dominance Update
Bitcoin Dominance is inching higher and the scenario I presented of it going to 60-62% before continuing the downtrend seems to be playing out. Patience will be rewarded.

As I’ve shared in the last couple newsletters, we have seen this type of behavior in previous cycles where it revisits the highs before plummeting.

OTHERS Dominance 2 Week Z-Scores
As I’ve mentioned previously, we could revisit the trendline and it looks that could happen in the next month or so. I imagine this will coincide with Bitcoin Dominance peak of 60-62%.

Solana Update
Solana has dropped a bit but has bounced off this mid term support level of $225 so it could reverse from here or it’s possible it bounces off that 202-205 level. Similar to Bitcoin, this has been stuck in a range so we have to be patient and wait for it to break out to the upside.

SOL/ETH trend is still in place and going higher:

SOL/BTC still in this range. Once this breaks above, we will really start to see Solana outperform.

Dogecoin Update
Dogecoin is still stuck in a range like the rest. We would need a weekly close above 0.48 to continue to the upside.

Large Caps
For large caps, here’s the ones that stand out on a long term timeframe:
- XRP
- Hedera
- Dogecoin
- Stellar
- Sui
There’s been some concerns lately with Sui and similar to the other coins we covered, it’s been stuck in a range. It just recently bounced off this 3.53 level. I think as long as we stay above 2.85, we should see more upside to come.

It’s moments of doubt that it’s important to zoom out and see the bigger picture. Sui’s price action has been so similar to Solana 2020-21 and I think it will continue.

The remaining coins are XRP, Stellar and Hedera which as I mentioned in previous newsletters, I would not advise buying.
Here’s the ones that stand out on a short term timeframe:
- Hedera
- XRP
- Stellar
- Cardano
- Dogecoin
- Sui
XRP, Stellar, Hedera and Chainlink make the short term list also but again I’m cautious on these for the reasons mentioned in previous newsletters. Cardano also fits in this same category as underperforming for most of the bull cycle and is late to the party. I think other coins like Sui or Dogecoin will have a better risk-to-reward at this point.
I also want to share an update on Pepe which I covered a couple weeks back. I mentioned two scenarios I thought would play out. The scenario of going lower in this golden pocket zone seems to be the one playing out. It perfectly bounced off the 0.786 fib level of the golden pocket so this is a great buy zone right here. It will probably range here for a bit before resuming the uptrend.

Model Portfolio Update
The model portfolio is now up over 35% as the market continues sideways:

To see the detailed analysis on Mid Caps and Small Caps as well as the complete portfolio, sign up and become a pro today and gain an edge in the crypto market.
Not financial advice. Please consult a financial advisor before making any investment decisions.
