Overall trends in the crypto market
Market capitalization and sentiment: The total cryptocurrency market capitalization is around $3.23-$3.71 trillion, with a slight recent correction (-0.88% to -1.76% weekly). Despite this, the market shows signs of maturity, with an increase in institutional investment (e.g., BlackRock ETFs) and regulatory clarity in the U.S. (projects like the Clarity Act).
Bitcoin dominance: Currently at 61.68%, but there are signs of a possible drop to 60%, which could trigger a rally in altcoins, indicating the start of an "altseason."
Volatility and explosive movements: Bitcoin shows an increase in open interest (OI), suggesting an imminent aggressive move, possibly down in the short term due to technical compression. Ethereum, on the other hand, does not show significant anomalies, but there is short-selling pressure.
Highlighted cryptocurrencies to consider today
Bitcoin (BTC):
Current price: ~$117,900-$119,000, after a correction from $123,000.
Analysis: Bitcoin consolidates in a bullish flag pattern, with support between $117,000-$118,000. Bulls seek liquidity at $122,000, but third-quarter seasonality could limit breakouts.
Risk: Buying at current levels ($119,000) may be risky after a +650% rally since 2023. It is recommended to wait for pullbacks for safer entries.
Outlook: In the long term, it remains a solid bet due to its dominance ($2 trillion in capitalization) and institutional adoption.
Ethereum (ETH):
Current price: ~$3,800-$4,000, showing strength after recovering key levels.
Analysis: Ethereum shows bullish momentum with record open interest and high activity on the network. Analysts predict a short-term target of $5,000 and up to $9,000 in the long term, driven by scarce supply and growing demand.
Trend: Bullish technical indicators and adoption in DeFi and layer 2 networks reinforce its potential. However, there is short-selling pressure in the short term.
Recommendation: Consider entries on pullbacks (~$3,580-$3,700) to capitalize on bullish momentum.
Binance Coin (BNB):
Current price: ~$670, after reaching all-time highs.
Analysis: BNB has shown resilience against Bitcoin declines, with solid performance on daily charts. Its adoption in the Binance ecosystem and DeFi positions it as an attractive option.
Outlook: Possible target of $700-$750 if it maintains current support.
Solana (SOL):
Current price: ~$143 (equivalent to €143.04).
Analysis: Solana maintains a short-term bullish trend, backed by institutional interest and approval of futures ETFs. Analysts see a potential of $260 in the long term, although it requires consolidation at key levels.
Recommendation: Ideal for portfolio diversification due to its growth in DeFi and smart contracts.
XRP:
Current price: ~$3, after a drop from $3.66.
Analysis: Despite a recent correction, futures data shows neutral sentiment, with potential to reach $4 if it maintains support at $3. Positive regulatory narrative boosts its appeal.
Outlook: Potentially profitable phase for medium-term investors.
Meme Coins and Altcoins trending:
Dogecoin (DOGE): Trading at ~$0.173 (€0.1730), with popularity driven by social media and figures like Elon Musk.
Others trending: League of Kingdoms Arena, Spark, and Measurable Data Token have shown strong recent gains, ideal for short-term speculation.
Note: Meme coins are high risk, but their popularity on social media can generate rapid movements.