We got news about the partnership with Coinbase for the USDH stablecoin, which will ultimately yield 25% revenue up to $160M annually (90% of income from yield reserve of $4.7B)🔥
HYPE 4H
So now we can work with a local pullback to continue the upward trend towards the upper range limit. Or the second option - short after breaking the previous high of $45.79$
Right now, we’re starting to see some nice pumps on third-tier coins with relatively low market caps. It’s not alt-season, of course, but many have already pulled off 2-4x since the bottom on February 6.
This trend has been going for over a month, meaning the market has upped its risk appetite and is more willing to spend, especially with the USA fund hitting new highs continuously.
In these moments, the market often moves in a chain: low cap -> medium -> high, so it’s quite likely that in the near future we’ll see a rise in coins like: SOL, LINK, ADA, AVAX, XRP, etc., basically the whole first tier.
It's worth keeping an eye on these coins, but I’d still use long stops to ensure that in case of a setback, my exit from the trade is smooth and painless.
Back to the altcoins. What we’re seeing now for the third month in a row is the trading of a new range, for instance, SUI is between $0.84 and $1.08.
In the current market conditions, a positive sign would be a price return to test the previous support base at $1.35-$1.72, now acting as resistance.
The amplitude of movements on altcoins is decreasing, which could indicate an attempt to form a new support base (transitioning into an accumulation phase).
We are gradually wrapping up the previous cycle. Sure, it would be nice to see a -60% drop to buy in at a sweet price, but the big players will do everything to confuse us, so don’t get emotional in the moment and don’t reinvent the wheel.
I believe this year everyone will have a great chance to scoop up altcoins at much better prices. From there, you can expect the usual x5-x6 for the new growth cycle. So plan your entries and position stacking wisely to come out even or better – in the green 🤝#sui $SUI
Bitcoin continues to build an accumulation structure according to Wyckoff
After a local peak around $82.5k, the market is likely wrapping up a counter-trend rally phase. Historically, this stage often precedes a new wave of decline before the final bottom is established.
🧩Game plan:
1. Gradual drop to 60k+ 2. Formation of a second re-test of the bottom 3. Bounce back to 75k+ 4. Another plunge and formation of the final bottom 5. Slow recovery from the last support point 6. Breakthrough resistance and move towards 90k+
The key area of interest is the potential bottom around $50k, with a gradual accumulation of liquidity and a reversal upwards.
The scenario is lengthy and will take time, but if realized, Bitcoin could reach $90k+ closer to the end of the year.