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A crypto analyst known for accurately calling Bitcoin’s pre-halving correction last year believes that BTC needs to reclaim a key technical indicator as support to regain bullish momentum. Pseudonymous crypto strategist Rekt Capital tells his 542,600 followers on the social media platform X that BTC appears to be mirroring its price action in 2021 when Bitcoin consolidated between two key exponential moving averages (EMAs) on the weekly chart. According to Rekt, Bitcoin must convert the 21-week EMA into support to trigger the resumption of bullish price action. “Earlier this week, Bitcoin rejected from the 21-week EMA resistance (green). As a result, Bitcoin continues to consolidate between these two Bull Market EMAs, much like it did in mid-2021. Nonetheless, for the future, the key confirmation signal for a breakout will be a weekly close above the green EMA followed by a post-breakout retest of it into new support (light blue circle).” Sour...

Ondo Finance’s native cryptocurrency is experiencing a trading volume boost this week, with Friday seeing over $440.31M worth moved. The asset is down over 50% from its all-time high of $2.14 last December. Fortunately, investors don’t seem phased, still swooping up the cryptocurrency amid a larger dip. Could ONDO reclaim its all-time high and boom further by as much as 110%? Despite its latest drop in price, the ONDO community seemed to be quite optimistic about a potential uptick. According to CoinMarketCap’s community sentiment data, about 87% of the market is bullish about the coin’s rise in the near future. Meanwhile, about 13% of them were not confident about the asset’s ascent. A key factor supporting a potential recovery is the continued growth of Ondo Finance’s ecosystem. According to DeFi Llama, the total value locked in Ondo’s ecosystem has surpassed $1 billion for the first time. This marks a significant increase from $541 million at the start of the year. ...

The Avalanche AVAX cryptocurrency has fallen below its $26 resistance level, dropping over 30% in the past month according to price charts. Whale sell-offs of the altcoin total $780 million, indicating worry among large investors over the asset’s future. On-chain data previously showed strong resistance at $27.91, a level it hasn’t hit since last week. Now below $26, investors are questioning if price predictions for AVAX hitting $30 are still plausible. With altcoin season set to begin sometime next month, the crypto market anticipates many altcoins like AVAX to rebound. The market has faced resistance since the start of the year, with most coins in the red. Avalanche’s price trend has surpassed a local resistance trendline. This marks a bullish breakout of a descending triangle pattern, which previously followed a bearish trend. With the breakout rally, the AVAX price trend is aiming to challenge the 23.6% Fibonacci level at $26.65. Currently, AVAX trades at $25.48, ...

A widely followed crypto analyst says Ethereum (ETH) and altcoins are gearing up for a phase of significant outperformance. Closely followed strategist Credible Crypto tells his 459,600 followers on the social media platform X that ETH is presenting a great entry point for investors even though a dip is still in the cards before the rally. “I don’t think you can go wrong buying spot at these levels – the macro/HTF (higher time frame) charts look absolutely fantastic and, if correct, downside would be limited to 10-20% max with an upside of 100-500%+ in the coming months (depending on how optimistic you are on future potential)… If you can see a valid trade setup from current levels, take it (I have, and shared this live a few days ago). If not, buy some spot and chill and if we get the dip to $2,400-$2,800 then you can take the trade setup off that level.” Earlier this week, the trader predicted ETH will hit a price tag of between $10,000...