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Crypto Market Update: The Big Trend Awakening - Ready for the Next Leg?
Crypto Market Update: The Big Trend Awakening - Ready for the Next Leg? - Read the full update on Zelf Trade.
Samuel Castellanosโข
Crypto Market Update: The Big Trend Awakening - Ready for the Next Leg?
Time for a quick update on the market as multiple bullish signals have flashed across several altcoins. The optimal entry points may have already been scooped up, but donโt worryโthereโs still time to make strategic moves as the trends have now fully confirmed. The stage is set for the next wave, and patience will be key to capturing the most from whatโs to come.
This is exactly what Iโve been anticipating since the local top in March. The market needed a good flush to the downside and months of basing action before confirming the new trends. Well, the wait is over. Weโre officially in the buy-and-hold phase (for how long? Who knowsโbut letโs ride it). The trick now is being patient and staying alert to maximize gains as the market takes its next big leap.
Trends Are Here, So Letโs Talk Strategy:
Weโre no longer talking about speculative entriesโweโre in a phase of confirmed macro trends, and now itโs about adding on dips when opportunities arise. There are still a few coins with strong technical setups, but be warned: the market has been brutal with those who expect coins to pump without a solid narrative behind them. As always, stick to the trends that are already showing strength.
Quick Perspective: Where Weโre Heading
Hereโs a snapshot of what we can expect for the final leg of this crypto cycle:
- Confirmation of a new trend: Weโre seeing a clear trend shift that hasnโt been this strong since the October 2023 candle. This is a game-changer.
- The current consolidation phase is not only longer in duration than the one before the October 2023 candle, but it also has a greater amplitude, measuring about 1.5 times larger than before. This sets the stage for potentially stronger moves ahead.
- The market is gearing up for new all-time highs (alts), and the altcoin market could push above $500Bโyes, you read that rightโby mid-2025.
- Mark your calendarsโthis trend is expected to peak around July/August 2025, and the signs are aligning perfectly for a powerful push. Donโt sleep on those months.
Altcoins Trend Confirmed!
Coins to Keep an Eye On:
1. $DOGE ๐
- Double confirmation on the monthly timeframe and a quarterly signal now confirmed.
- Could outpace most of the market purely from a technical perspective.
- Best add under 22c if it dips again. For now? Itโs an UpOnly scenario.
DOGE - Bullish on All Fronts
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Dogecoin Revival: The Meme Coin Market is Heating Up Again! for BINANCE:DOGEUSDT.P by ZelfTrade โ TradingView
CRYPTOCAP:DOGE looks really good here. For the first time since the March highs, it seems like thereโs life in the market. Many of the new meme coins have been surging extensively, like $ANDY, MYX:TURBO, $POPCAT, and whatever cat or frog coins you can think of. It seems like the time for doggy coins is approaching once again. Iโm betting on some of the Solana ecosystem as they tend to go much higher, but itโs always good to have CRYPTOCAP:DOGE as a barometer for anticipating โฆ
TradingViewZelfTrade2. $ARKM
- Monthly signal targeting $15. This might sound optimistic, but itโs still within the realm of possibility.
- With a $5B market cap in the near future, I doubt weโll see sub $2 again.
- Add around current levels or wait for a reclaim of $2.86.
Massive Potential - Still early!
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$ARKM Ignites: Are We Heading for All-Time Highs? for BINANCE:ARKMUSDT by ZelfTrade โ TradingView
I regret overlooking $ARKM, especially after it just fired a massive bullish signal on the monthly chart. This asset has all the indicators pointing toward a potential return to all-time highs. From the chart analysis, a retrace to $1.33 would be fortunate, as I expect $ARKM to continue its ascent toward the initial target of $1.87. Should a full reversal occur, we could see $3.50 in the near future. For now, letโs focus on riding this momentum. The daily trend is active, but I plan to be โฆ
TradingViewZelfTrade3. $PAAL ๐
- Half the market cap of $ARKM with similar potential.
- Above $0.50, and this one should trend toward the $2 zone.
One of the cleanest Consolidations!
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PAAL: The Next Big Move? for GATEIO:PAALUSDT by ZelfTrade โ TradingView
Had to pull the trigger on this one. Itโs a macro-level retest with an obvious established bottom, and thereโs confluence with the monthly open retest. The AI narrative still seems active, with GETTEX:TAO and NYSE:FET leading, so this one should start moving as well. It has a much lower market cap compared to the ones mentioned, so I expect a stronger move once it starts to gain traction, make sure to adjust the risk.
TradingViewZelfTrade4. $FTM
- Solid macro signals confirmed on both monthly and bimonthly timeframes.
- The bimonthly target is $10, but Iโm sticking to the monthly target of $3 for now.
- If $FTM surges above that, $10 is still on the table.
- The monthly hasnโt fully completed its next expansion bar, so donโt rushโthereโs time.
FTM Chart
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FANTOM (FTM) Donโt Miss Out: The Bullish Outlook for Q4! for BINANCE:FTMUSDT by ZelfTrade โ TradingView
Consider buying at 58c and 55c. UPCOM:FTM This one has shown the following: Flipped the macro levelโbullish now Weekly and monthly have fired bullish signals Strong multiyear trend Overall, this is one of the most exciting charts heading into Q4!
TradingViewZelfTrade5. $PEPE ๐ธ
- After some serious time in hibernation, $PEPE has finally woken up.
- The monthly chart is looking great, and any buys closer to 0.000011 are worth adding.
- Keep an eye on updates for further entry signals on TradingView.
Finally Waking Up!
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Pepeโs Redemption Arc: Can This Frog Finally Leap to Glory? for BINANCE:PEPEUSDT by ZelfTrade โ TradingView
I know, I knowโanother meme coin! But I have to play whatโs moving, and this is what the market is offering. Iโve already posted enough about Solana plays since itโs hot right now, so I might as well add another meme coin to the mix. CRYPTOCAP:PEPE seems to be lagging behind WIF and even DOGE. I think thereโs a good chance it will start gaining ground, especially once it breaks the trend line; it could just push into new ATHs. Iโm looking to bid below 0.000008 if it gets there. If not, Iโll โฆ
TradingViewZelfTradeDespite the hype around other coins, $DOGE is showing the most promise in terms of potential returnsโsignifically more than $PEPE.
Honorable Mentions ๐
A few others are looking like they might explode over the coming months:
- $ONDO
- $INJ
- $SUI
- $MEW
These coins could very well expand aggressively in the coming months, but we'll need to track their individual trends closely.
Not Mentioning $SOLโWhy?
$SOL has been on my radar for quite some time, and I've been bullish on both the coin and its ecosystem. It definitely deserves a dedicated post to analyze potential rotation plays and assess the risk of trend exhaustion as we approach Jan/Feb 2025. Stay tunedโweโll dive into this in more detail later this week!
Final Thoughts:
Weโre officially in a risk-on environment, and the altcoins are starting to move. If youโre still out of the market, now might be a good time to dip your toes back inโsmall amounts, and then add on dips. Just donโt expect to get perfect entries. The market is never that generous.
Thatโs it for todayโs update. Stick with the confirmed trends, keep an eye on price levels, and donโt chase coins without a story. Patience is the name of the game, and itโs looking like the next big leg is just beginning. ๐๐ฐ
Disclaimer: This content was originally published on Zelf Trade.