Renowned cryptocurrency analyst Rekt Capital, known for his influential analyses in the crypto world, made some shares about Bitcoin. According to the analyst, the bull season of Bitcoin continues to gain momentum. 29% of the loading has already been completed. Rekt Capital highlighted four altcoins, stating that they are ready to explode.
Expectations for Altcoin Tron (TRX)
According to the cryptocurrency analyst, altcoin Tron (TRX) recently achieved a monthly close above an important resistance level marked in red and indicated a potential pullback with the retest of the $0.10 level, which previously served as resistance towards the end of 2021.
The expectation is that this level can now act as support and pave the way for TRX to revisit the $0.13 mark indicated in red. According to the analyst, successfully holding the $0.10 level could be a significant technical development for Tron, positioning it for an upward movement towards the $0.13 target.
Change Signal for Altcoin OCEAN
The monthly close for altcoin OCEAN is seen as less than optimal due to the price currently being in a technical range. However, if OCEAN manages to reclaim the red December High as support, it has the potential for a positive change.
The main focus is to achieve a weekly close above the red level, as such a move would significantly increase the likelihood of a successful breakout and provide a clearer technical signal for traders and investors.
Upside Potential for Chainlink (LINK)
Altcoin Chainlink (LINK) continues to maintain its support at the lower boundary of the red box, highlighting the importance of ongoing price stability within this range. Sustaining this support level is considered crucial for Chainlink to continue its potential upward trajectory.
According to the analyst, traders and investors closely monitor the price dynamics within the red box, as it plays a significant role in determining the short and medium-term trend for Chainlink.
AAVE on the Verge of a Significant Increase
AAVE experienced a notable 20% increase after a successful retest, indicating positive market sentiment. The cryptocurrency appears ready for further potential upside with a potential target marked at $111 in the near and medium term.
According to the analyst, the recent price movement shows favorable conditions for AAVE, and investors are optimistic about the potential continuation of upward momentum as they carefully monitor the progress towards the defined target level.
- Bitcoin bull season continues with 29% loading completed.
- Tron (TRX) shows potential for a pullback towards $0.13.
- OCEAN, Chainlink (LINK), and AAVE exhibit positive market sentiment and potential for upside.