Analysis Crypto by Thebittimes.Com

Economist Henrik Zeberg believes that the most explosive phase of the altcoin market is about to kick off. Zeberg tells his 182,800 followers on the social media platform X that the altseason, when altcoins outperform Bitcoin (BTC), is just getting started, and massive alt breakouts are likely to occur in the coming days. He says the Ethereum (ETH/BTC) ratio is flashing bullish for altcoins, after increasing since tapping a local low in late April. Analysts often use the ETH/BTC ratio as an indicator of potential altcoin seasons. “Altseason has already started. First slowly, later in a more explosive manner. I think we are max three to eight days away from the beginning of that explosive phase. ETH/BTC ratio tells us why… It is close to setting off in the explosive phase!” ETH/BTC is trading for 0.02478 BTC ($2,595) at time of writing. Zeberg suggests that certain altcoins will start breaking out at different times. “In the altseason it will ...

The cryptocurrency market is currently projecting a dual position. On one hand, the markets noted a sudden sharp rise, primarily due to the announcement of a crypto reserve under works by Donald Trump. Soon after the announcement, the markets documented a sharp correction as possible trade war fears gripped the market hard. Will this market be receptive to meme coins like Dogecoin (DOGE), DogWifHat (WIF), and Pepe (PEPE), helping them soar to new highs? Let’s find out. Also Read: Dogwifhat Soars 21% as Whales Invest Millions—Is $1 Next for WIF? Price Forecasts of Three Major Meme Coins 1. Dogecoin (DOGE) Source: Watcher Guru Dogecoin is currently gaining immense traction due to two possible reasons. Firstly, the token is speculated to be added to the crypto reserve pool. If this happens, Doge may catapult to new highs without any barriers. At the same time, rumors of Elon Musk adding DOGE to X payments have also been making occasional comebacks, fueling the hopes of the investors....

The Dogwifhat price plunged over 9% in the last 24 hours to trade at $1.69 as of 10 p.m. EST as investors adjust their portfolios to pare holdings of the canine-themed meme coin. With the latest drop in the WIF price, the crypto’s weekly performance has been pushed deeper into the red zone. As a result, the Dogwifhat price is down more than 11% on the 7-day time frame. Dogwifhat Price Consolidates After A Negative Trend 1-hour chart for WIF/USD (Source: GeckoTerminal ) The Dogwifhat price has entered into a consolidation phase between $1.6462 and $1.7534 in the last few hours. This comes after the meme coin has been in a negative trend over the past couple of days. Should the crypto drop below the $1.6462 support level in the coming 6 hours, WIF might fall to the next technical crutch at $1.5055. The bearish thesis might be invalidated if traders identify the meme coin’s current price as a buy opportunity. In this alternative scenario, the Dogwifhat price could end up...

A top crypto strategist believes that memecoin dogwifhat (WIF) is now poised to witness an increase of more than 350%. Earlier this month, pseudonymous analyst Bluntz told his 265,200 followers that WIF was in the early stages of a fresh five-wave surge. The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF now trading at $2.21, Bluntz believes that WIF’s ABC correction is over and the memecoin is ready to ignite a massive upside move. “$10 WIF is coded by law. Once it starts properly going, do you think all those people who missed the last run from cents to $5 are going to miss round two? Not a chance.” Source: Bluntz/X The analyst is also bullish on fellow memecoin Floki (FLOKI). He thinks FLOKI has completed its ABC correction and is gearing up for a rally to a new all-time high at around $0.00045. Bluntz adds that FLOKI is...