- Bitcoin leads the rally, driven by growing demand and limited supply.
- Analysts say now’s the time to stack promising altcoins fast.
- Solana and Ethereum show breakout potential despite short-term price weakness.
The crypto market is alive and kicking again, and this week’s price action has delivered the kind of excitement traders have been craving. Altcoins like AVAX have skyrocketed nearly 90%, while AAVE isn’t far behind with a 60% jump. But even with these big moves, it’s still Bitcoin that’s setting the pace, outshining most of the altcoin pack.
Why Altcoins Could Be Next
An analyst has said that the market is nearing a critical window. This could be one of the last big chances to start stacking altcoins before a handful of them begin to steal Bitcoin’s thunder.
Related: Before You Trade, See Which Altcoins Are In for a Massive Squeeze
Data shows that Bitcoin’s supply is tightening fast. In the past month, buyers scooped up around 19,300 BTC, while miners produced only 13,000 BTC. This gap between supply and demand has helped push Bitcoin higher, and a similar trend could soon support a rally in select altcoins.
SOL And ETH Breakout
Solana (SOL) is one of the big names to watch right now according to the analyst. SOL is trading at $159, down 2%, after falling below the important $160 support level. The price continues to show lower highs and sharp drops, indicating strong selling pressure. However, the expert said that this is temporary and doesn’t recommend selling because the long-term outlook for Solana remains strong.
A quick move above $164 could cancel the bearish outlook and open the door for a possible bounce toward $170.
Related: Don’t Sleep on These Altcoins Gearing Up for Big Gains
Ethereum (ETH) is also expected to break out soon. Around 30% of all ETH is locked, and it could soon hit $4,000 and even reach $6,000–$7,000 this cycle.
The analyst said that it’s a good idea to start buying ETH slowly, especially if it drops near the $3,000 mark.
Other Altcoins To Buy
- Sui (SUI) has been moving fast, but as long as it holds above $3.40, it’s worth stacking gradually.
- AVAX is approaching a big supply zone near $20.90. If it drops to around $20, that could be a strong buy opportunity.
- The analyst said that NEAR showed a textbook V-shaped recovery. If it pulls back to the $2.55 area, it might be a good chance to buy.
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