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COINTURK NEWS > Technical Analysis > Crypto Market Sees Renewed Activity as BTC Surpasses $65,000
Technical Analysis

Crypto Market Sees Renewed Activity as BTC Surpasses $65,000

In Brief

  • BTC's rise above $65,000 boosts market confidence for altcoins.

  • FLOKI Coin shows potential for substantial gains, according to analysts.

  • Solana and NEIRO Coin are also gaining attention in the current market landscape.

Ömer Ergin
Ömer Ergin 2 years ago
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Renewed activity in popular cryptocurrencies has captured attention, with the BTC price exceeding $65,000 providing a boost to traders. For the past six months, altcoins have shown weakness, moving within a narrow range. As we enter the most critical days of the final quarter, anticipated movements in altcoins are expected to commence.

Contents
FLOKI Coin and Altcoin InsightsSOL and NEIRO Coin Analysis

FLOKI Coin and Altcoin Insights

Crypto Wealth recently highlighted the TOTAL3 chart tracking the total market capitalization of altcoins, excluding BTC and ETH. The chart points to a significant yellow line, which, according to analysts, if broken, could signal the beginning of a bull market for altcoins.

This situation could pave the way for profits exceeding tenfold for various altcoins, including FLOKI Coin. Analyst Jelle shared insights on the FLOKI market, noting that a strong upward movement is about to begin, with little resistance remaining.

“FLOKI has started to rise again as expected. There is very little standing in the way of reaching the first target. It’s time to hold on tight and enjoy the show.”

SOL and NEIRO Coin Analysis

The largest Ethereum $2,358 competitor, Solana $87 (SOL), has also begun to rise. Despite several attempts to achieve new all-time highs this year, bulls have struggled, but they may reach their goals in the final quarter. Analyst Crypto Tony believes that rallies will gain momentum with daily closes above $164, although SOL Coin has only benefitted short-term traders for months.

“Closing above $164 will be a key moment for the bulls.”

Finally, analyst TraderSZ focused on the NEIRO Token, which hasn’t yet experienced a bull market. While some altcoins saw massive gains in 2021, many also plummeted to zero. It’s uncertain which category NEIRO will fall into, but the analyst expects it to exceed a market value of 1 billion dollars soon.

Beyond that, targets of 1.25 and 1.5 billion dollars are set. Considering its current market value of 861 billion dollars, this could signal a significant rally.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 14 October, 2024 - 6:03 pm 14 October, 2024 - 6:03 pm
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