Crypto Trader Says One Solana-Based Altcoin Primed for a Breakout in Coming Weeks, Updates Outlook on Bitcoin
Analyst and trader Michaël van de Poppe says one Solana (SOL)-based altcoin may be gearing up for a breakout. Van de Poppe tells his 774,000 followers on the social media platform X that the cross-chain messaging protocol Wormhole (W) is showing bullish divergence on the weekly chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “The altcoins, nothing has changed. On W, there’s still a possibility of a potential bullish divergence and falling wedge breakout in the upcoming weeks. Good things are ahead of us, it might not feel like it, but it will.” Source: Michaël van de Poppe/X W is trading for $0.1798 at time of writing, up 1.1% in the last 24 hours. Next up, the trader says Bitcoin (BTC) may be poised for an explosive move. “PPI (Producer Pri...