Analysis Crypto by Thebittimes.Com

A widely followed crypto analyst says that one non-fungible token (NFT)-related altcoin is set to revisit its previous all-time highs while updating his outlook on Ethereum (ETH) and Solana (SOL). In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 245,200 followers on X that based on technical indicators, Pudgy Penguins (PENGU) – an altcoin that’s seen 800%+ gains in five months – appears ready to revisit its all-time high after a period of stagnation. “PENGU downtrended for 1.5 months, chopped at the 0.50 [Fibonacci level], and is now moving. I’ve finally got a position when it flipped the .382 [Fibonacci level] and I took a tiny bit of profit. Going to keep maintaining this position though and will look to add on any dips. I think it eventually goes back to the highs again.” Source: Altcoin Sherpa/X PENGU is trading for $0.0358 at time of writing, a 5.9% increase on the day. Five months ago, the altcoin is valued at jus...

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Cronos soared 56% to hit a 3-year high at $0.388, Solana surged 4.6% amid the Alpenglow Upgrade vote, and Bitcoin jumped 2% despite Polymarket bettors seeing a 60% chance of BTC sliding below $100k before the end of the year. CRO is trading at $0.3489 as of 4:10 a.m. EST, with trading volume soaring 137% to $2.4 billion, as it extends gains following news yesterday of a blockbuster deal with Trump Media and Technology Group (TMTG) Crypto.com that will create a $6.42 billion CRO treasury firm. Meanwhile, Solana surged 6.4% to trade at $212.88, while Bitcoin jumped 2% to $113,115. The top performers are Haia (KAIA), Jito (JTO, and Pump.fun (PUMP), with gains ranging from 10.7% to 11.4%, according to CoinMarketCap data.  The top losers among major cryptos were Morpo (MORPHO), OKB (OKB), and Aerodrome (AERO), with falls of 4.4%, 2.9%, and 2.4%, respectively. The crypto space overall rose 2% in the last 24 hours to retake a market capitalization of $4 trillion. Cronos Soars As Bu...

A widely followed cryptocurrency analyst and trader is suddenly turning bullish on altcoins. The analyst, pseudonymously known as Bluntz, tells his 322,200 followers on social media platform X that the Bitcoin dominance (BTC.D) metric is flashing a bearish divergence, setting the stage for alts to outperform the flagship crypto asset. A bearish divergence occurs when the price is recording higher highs and higher lows while an indicator such as the Relative Strength Index (RSI) is recording lower highs. The RSI indicator is a momentum oscillator used to determine oversold or overbought conditions. “The three-day BTC dominance bear divergence ended up rolling into a weekly bear divergence, too. The time to be long alts is here in my opinion.” Source: Bluntz/X BTC.D is a metric that calculates how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are printing gains faster than BTC. BTC.D is 65.34% at time ...

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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 ...

Solana (SOL) is currently experiencing aggressive whale accumulation, an on-chain development that suggests the possibility of a price breakout. Specifically, the number of addresses holding 10,000 or more SOL stood at 4,943 on April 11, 2025, and climbed to 5,019 by April 18, according to data from on-chain cryptocurrency analytics platform Glassnode. During the same period, SOL’s price rose from $121.44 to $134.02, signaling growing investor confidence. Addresses with a balance of over 10k SOL. Source: Glassnode Why SOL whale activity matters  This accumulation is notable, especially considering the decentralized finance (DeFi) token has been trading within a consolidation range of $100 to $150 over the past month. Historically, whale purchases have often preceded strong rallies in the crypto market. When large holders begin accumulating aggressively, it typically signals expectations of bullish developments or favorable market conditions. Their actio...

The Solana price plunged 2.6%  in the last 24 hours to trade at $171 as of 12 p.m. EST on a 43% pump in trading volume to $4.39 billion. This slump in the SOL price comes despite Franklin Templeton filing an S-1 prospectus with the SEC for a Solana ETF (exchange-traded fund). The move underscores a broader trend where major asset managers, including Grayscale, Bitwise, and VanEck, seek regulatory approval for Solana-based investment products as institutional adoption grows. 🚨BREAKING: Franklin Templeton, a $1.46T asset manager, has officially filed an S-1 with the SEC for a spot Solana $SOL ETF. pic.twitter.com/qTY8YC6DuA — SolanaFloor (@SolanaFloor) February 21, 2025 This increasing demand highlights rising confidence in Solana’s market potential and a shift toward diversifying crypto offerings beyond Bitcoin. BitBull Capital CEO Joe DiPasquale emphasized that asset managers expand their investment products as regulatory conditions become more favourabl...

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...

The Solana price prediction shows that SOL remains strong despite recent developments, including the decline in hype following certain ecosystem events. Solana Prediction Data: Solana price now – $210.50 Solana market cap – $214.32 billion Solana circulating supply – 486.96 million Solana total supply – 593.25 million Solana Coinmarketcap ranking – #5 Getting in early on a crypto project can often lead to massive gains, and Solana (SOL) is a prime example of this. Since its all-time low of $0.5052 on May 11, 2020, SOL has skyrocketed by an astonishing 41,575.77%, reaching a high of $210.34 in the past 24 hours. Even after pulling back from its all-time high of $294.33 recorded just 15 days ago, SOL remains one of the most remarkable success stories in the crypto space. Those who recognized its potential early on have seen life-changing returns—proving that timing can be everything in crypto investing. SOL/USD Market Key Levels: Resistance ...

Popular Solana-based meme coin launchpad Pump.fun has been hit with a class-action lawsuit alleging every token created on the platform is an unregistered security. On Jan. 30, Diego Aguilar filed a suit in a New York federal court against Pump.fun, which is allegedly run by the UK company Baton Corporation.  Pump.Fun Accused Of Creating A False Sense Of Urgency For New Tokens In the filing, Aguilar said that the company used guerilla marketing tactics to create an artificial urgency for the “highly volatile” tokens created on the platform. This allegedly led to major losses for retail investors. “ Pump.Fun’s core function is to work alongside influencers to co-issue and market unregistered securities,” Aguilar said in the filing. “Inherent to its operations are a novel evolution in Ponzi and pump-and-dump schemes.” only possible on Solana pic.twitter.com/I1Lc5GPFw1 — pump.fun (@pumpdotfun) January 18, 2025 Alon Cohen, Dyl...

Coinbase is officially listing a new memecoin that uses the name and likeness of the top US crypto exchange’s CEO’s pet dog. According to a new announcement, Coinbase is officially supporting Toshi (TOSHI) starting today. “Coinbase will add support for Toshi (TOSHI) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and Coinbase Exchange in the regions where trading is supported.” Coinbase is adding support for TOSHI on Base, an Ethereum (ETH) layer-2 network incubated by the exchange. The announcement was made yesterday around 4 p.m. EST. Immediately following the announcement, TOSHI leaped from $0.00036803 to $0.00048477, an over 27% gain. However, the dog-themed memecoin has since crashed to lower levels than before the announcement, trading for $0.0003579 at time of writing, down 5.6% overall in the last 24 hours. TOSHI is just one of a multitu...

The Bitcoin price jumped 3% in the last 24 hours to trade at $102,228 as of 7:00 a.m. EST on a 2% increase in trading volume to $55 billion. This jump in the BTC price comes as US investors show renewed interest in the crypto market leader ahead of President-elect Donald Trump’s inauguration on Jan. 20. $BTC open interest has sharply returned, after a holiday reset. The bulls are back. pic.twitter.com/HBVEB4jSBQ — Miles Deutscher (@milesdeutscher) January 17, 2025 Growing anticipation of pro-crypto policies from the incoming administration has added to this momentum, with potential key announcements expected on Trump’s first day in office. This resurgence in US-driven demand could ignite the next leg of the bull market, benefiting both Bitcoin and altcoins. Bitcoin Price Bounces Back On Strong Support Level The BTC/USDT price action on the 1-day timeframe shows a mix of consolidation phases, bullish trends, and key support and resistance levels. Bitcoin initi...