GET READY NOW! Altcoins Are About To Go INSANE! [My Picks]
GET READY NOW! Altcoins Are About To Go INSANE! [My Picks]
237 days agoCrypto Banter
Podcast24 min 2 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

The crypto market is entering an "alt season", creating opportunities in established altcoins that are pulling back to support after a breakout. Consider accumulating Sui (SUI), a top pick that has not yet broken out, with a long-term price target of $6 to $7. Avalanche (AVAX) is currently in a prime buying zone on its pullback, presenting a good entry for a move towards the $38 to $40 target. Arweave (AR) is positioned for a potential 100% move to $14, while Sei (SEI) is also retesting support and could move 50-100% very quickly. Finally, Dogecoin (DOGE) is viewed as a good spot purchase below $0.28 for a trade targeting $0.50.

Detailed Analysis

Overall Market & Investment Strategy

  • The speaker is very bullish on the cryptocurrency market, believing it is entering a "parabolic phase" for altcoins, also known as "alt season".
  • A key indicator for this is the Bitcoin Dominance chart, which is showing weakness. This typically means that money is flowing from Bitcoin into other cryptocurrencies (altcoins).
  • The market is expected to move in batches or narratives (e.g., Layer 1s, Memes, AI, Gaming). Money is currently seen moving into large-cap Layer 1 blockchains.
  • The speaker anticipates a "very big short squeeze" for altcoins once the Total 3 chart (total crypto market cap excluding BTC and ETH) breaks its all-time high.

Takeaways

  • The primary strategy is to build a portfolio of "blue chip" altcoins now, focusing on the top 3-5 projects in each major sector (e.g., AI, Gaming, Layer 1s).
  • The speaker suggests allocating 80% of an altcoin portfolio to these established blue chips.
  • The remaining 10-20% can be kept aside to trade newer, "hot" tokens as different narratives gain momentum.
  • The best time to buy is during short-term pullbacks or when a token has broken a major resistance level and is now "retesting" it as new support.

Bitcoin (BTC)

  • The speaker notes that Bitcoin has broken out of its range and is having a "breather" before the next rally.
  • A short-term pullback is expected to find support between $114,000 and $115,000.
  • The next major resistance and target area is between $117,000 and $120,000.
  • Long-term, after the bull market peak, the speaker foresees a bear market where Bitcoin could pull back to a range of $60,000 to $80,000.

Takeaways

  • The current dip is viewed as a temporary pullback, not a major rejection.
  • The speaker expects another strong move up for Bitcoin soon, which should help lift the entire crypto market.

Ethereum (ETH)

  • Ethereum has "woken up" and is "joining the party" after breaking out of a key trend.
  • It is currently in a small pullback phase, similar to Bitcoin.
  • The next major target for ETH is $4,800.

Takeaways

  • The strength in Ethereum is seen as a positive confirmation for the broader altcoin market.
  • The current pullback could present a buying opportunity before the next move higher.

Solana (SOL)

  • Solana has performed incredibly well, hitting $240.
  • The speaker believes the primary entry opportunities for SOL are now "gone" for new buyers.
  • Future price targets mentioned are:
    • Next resistance around $300.
    • A major leg up to the $420 - $480 range.
    • A potential cycle top between $580 - $600.

Takeaways

  • For those who missed the initial move, the speaker advises against chasing SOL at current prices.
  • Existing holders can look to the mentioned price levels as potential areas to take profit in the future.

Dogecoin (DOGE)

  • DOGE has had a "great breakout" and is considered a good spot purchase.
  • The speaker would not buy it much higher than $0.28 for a spot position.
  • A "short squeeze" is anticipated if DOGE can break above the $0.29 mark.
  • The next major price target is $0.50.

Takeaways

  • DOGE is showing significant strength and could experience a rapid price increase soon.
  • The area between current prices and $0.28 is viewed as a good entry zone for a trade targeting $0.50.

Sui (SUI)

  • Presented as a "blue chip" token that has not broken out yet, representing a significant opportunity.
  • The speaker believes it is preparing for a major move to the $6 to $7 mark on a higher timeframe.
  • It is currently below its major trendline, making it a good time to accumulate.
  • A potential support level for placing limit orders is mentioned at $35.

Takeaways

  • SUI is highlighted as a top pick for a new position due to its lagging performance compared to other major coins.
  • The recommended strategy is to buy a partial position (50-60%) now and add to it if the price dips further.

Avalanche (AVAX)

  • AVAX has broken through its range and is now pulling back directly into a support area.
  • This pullback is creating "really good spot entries".
  • The next upward price target is in the $38 to $40 range.

Takeaways

  • The current price action is seen as a prime buying opportunity for AVAX.
  • Traders can look for entries in the current support zone for a move towards the $40 level.

Cardano (ADA)

  • ADA is another token that has not had its major breakout yet but is getting very close.
  • The speaker expects that at any point, ADA could start pushing towards $1.2.

Takeaways

  • Like SUI, Cardano is presented as a major cryptocurrency that still has room to run, offering a good entry point before a potential breakout.

XRP (XRP) & Hedera (HBAR)

  • Both XRP and HBAR are described as "great trades" but not necessarily great long-term investments at their current prices unless bought much earlier.
  • Both have broken out and are now pulling back to retest support, which provides a good entry for a trade.

Takeaways

  • These assets are suitable for shorter-term traders looking to capitalize on the current market momentum.
  • The current pullback to support is the ideal entry point for such a trade.

Other Altcoins with Bullish Setups

  • The speaker rapidly listed several other altcoins that have strong technical setups, typically involving a breakout followed by a retest of support. These are all presented as good buying opportunities.
  • Near Protocol (NEAR): Still below its trend, offering more time to accumulate.
  • Render (RNDR): Good to accumulate in the current support zone.
  • Arweave (AR): A potential 100% move is incoming, with a target of $14.
  • Sei (SEI): Broke out and is retesting, ready to "explode." A move of 50% to 100% could come very quickly.
  • Injective (INJ), Ondo (ONDO), Algorand (ALGO), Polkadot (DOT), Fetch.ai (FET): All mentioned as being in good entry zones and ready for their next move up.

Takeaways

  • There are numerous opportunities across the altcoin market.
  • The common theme is to find strong, "blue chip" projects that have confirmed a breakout and are now offering a discount as they pull back to a support level.

Meme Coins

  • The speaker is paying attention to "blue chip memes" – those that are more established and have higher trading volume.
  • Pepe (PEPE): Broke out and is now retesting, making it a good entry for a trade.
  • Bonk (BONK): Similar setup to Pepe; broke out, is retesting, and should "start waking up."
  • Sonic (SONIC): Noted as showing recent strength and having good long-term fundamentals.

Takeaways

  • The re-awakening of meme coins is seen as a sign of retail investor interest returning to the market.
  • For those interested in meme coin exposure, focusing on the larger, more established names like PEPE and BONK is the recommended strategy.
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Episode Description
Altcoins are heating up fast, and the breakout signs are impossible to ignore. Sheldon dives into the charts and reveals which altcoins are showing massive strength right now and why momentum could be building for an explosive move. Stay tuned as he breaks down his top picks, the key levels to watch, and how to navigate this next phase of the market. Don’t miss this breakdown if you’re serious about catching the next big altcoin run! ___________________________________________ 🎯 𝗦𝗡𝗜𝗣𝗘𝗥 𝗖𝗟𝗨𝗕 - 𝗧𝗿𝗮𝗱𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝘄𝗶𝘁𝗵 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 & 𝗧𝗼𝗽 𝗧𝗿𝗮𝗱𝗲𝗿𝘀!👉 Join Sniper Club 🎯 𝗦𝗡𝗜𝗣𝗘𝗥 𝗦𝗖𝗛𝗢𝗢𝗟 - 𝗨𝗻𝗹𝗼𝗰𝗸 𝘁𝗵𝗲 𝗦𝗲𝗰𝗿𝗲𝘁𝘀 𝘁𝗼 𝟯𝗫 𝗬𝗼𝘂𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗡𝗢𝗪! 𝗙𝗼𝗿 𝗙𝗥𝗘𝗘! 👉  Sign Up for Crypto School 🏆 𝗦𝗡𝗜𝗣𝗘𝗥 𝗚𝗜𝗩𝗘𝗔𝗪𝗔𝗬𝗦!! 👉 𝗘𝗠𝗔𝗜𝗟: sniper.giveaways@cryptobanter.com  ___________________________________________ 𝗖𝗛𝗘𝗖𝗞 𝗢𝗨𝗧 𝗦𝗛𝗘𝗟𝗗𝗢𝗡’𝗦 𝗣𝗔𝗥𝗧𝗡𝗘𝗥 𝗘𝗫𝗖𝗛𝗔𝗡𝗚𝗘𝗦 ⬇️ 💰 𝗕𝗧𝗖𝗖 - 𝗨𝗽 𝘁𝗼 $𝟭𝟬 𝟬𝟬𝟬 𝗶𝗻 𝗕𝗼𝗻𝘂𝘀! 𝗡𝗼 𝗞𝗬𝗖! 👉 BTCC Welcome Bonus 🐋 𝗪𝗘𝗘𝗫 - 𝗨𝗽 𝘁𝗼 𝟯𝟬,𝟬𝟬𝟬 𝗨𝗦𝗗𝗧 𝗶𝗻 𝗥𝗲𝘄𝗮𝗿𝗱𝘀! 👉 WEEX Welcome Bonus 🏆 𝗕𝗬𝗕𝗜𝗧 - 𝗚𝗲𝘁 𝗕𝗼𝗻𝘂𝘀𝗲𝘀 𝘂𝗽 𝘁𝗼 $𝟯𝟬,𝟬𝟬𝟬! 👉 BYBIT Welcome Bonus ☄️ 𝗕𝗟𝗢𝗙𝗜𝗡 - 𝗚𝗲𝘁 𝘂𝗽 𝘁𝗼 $𝟰,𝟬𝟬𝟬 𝗶𝗻 𝗕𝗼𝗻𝘂𝘀𝗲𝘀, 𝗡𝗼 𝗞𝗬𝗖 𝗼𝗿 𝗩𝗣𝗡 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱! 👉 Blofin Welcome Bonus 💵 𝗕𝗜𝗧𝗙𝗨𝗡𝗗𝗘𝗗 - 𝗛𝗮𝘃𝗲𝗻'𝘁 𝗴𝗼𝘁 𝗮 𝗹𝗼𝘁 𝗼𝗳 $$ 𝘁𝗼 𝗧𝗿𝗮𝗱𝗲 𝘄𝗶𝘁𝗵? 👉 Register to unlock access to Trading Funds ___________________________________________ 🗞️ 𝗖𝗥𝗬𝗣𝗧𝗢 𝗡𝗘𝗪𝗦𝗟𝗘𝗧𝗧𝗘𝗥𝗦 - 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝗙𝗥𝗘𝗘!! 📬 𝗧𝗵𝗲 𝗗𝗮𝗶𝗹𝘆 𝗖𝗮𝗻𝗱𝗹𝗲 - https://bit.ly/DC-Sheldon 📬 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼 - https://bit.ly/GMC-Sheldon 📣 𝗛𝗼𝘀𝘁 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀: 👉 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 𝗼𝗻 𝗫: @Sheldon_Sniper / X  👉 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 𝗼𝗻 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺: @sheldino_the_sniper / Instagram  ___________________________________________ 👁️‍🗨️ 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗮𝗻𝘁𝗲𝗿 𝗮𝗯𝗶𝗱𝗲𝘀 𝗯𝘆 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗰𝗼𝗱𝗲 𝗼𝗳 𝗰𝗼𝗻𝗱𝘂𝗰𝘁:  Our Ethics – Crypto Banter  We take our code of ethics very seriously and have engaged @zachxbt (ZachXBT) to monitor our progress. If you feel we’re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.com  ⚠️ 𝗕𝗘𝗪𝗔𝗥𝗘 𝗢𝗙 𝗦𝗖𝗔𝗠𝗠𝗘𝗥𝗦 𝗜𝗡 𝗢𝗨𝗥 𝗖𝗢𝗠𝗠𝗘𝗡𝗧𝗦 𝗔𝗡𝗗 𝗖𝗢𝗠𝗠𝗨𝗡𝗜𝗧𝗬 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 ___________________________________________ 📝 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: Crypto Banter is a social podcast for entertainment purposes only! All opinions expressed by the hosts, guests, and callers should not be construed as financial advice. The views expressed by the hosts and guests do not reflect the views of the station. Listeners are encouraged to conduct their own research.
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