A closely followed crypto analyst says that one Solana (SOL) rival is exhibiting market strength despite Bitcoin’s (BTC) pullback to the lower $90,000 range.

Pseudonymous analyst Pentoshi tells his 822,400 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) is primed for another leg up.

“SEI is another one that not only looks great with a high timeframe flip and clear invalidation, but also holding up very well like many alts on this BTC pullback. Here is the daily and weekly. Just to compare to a similar setup shared [on November 23rd]. When BTC chills out, alts should continue up.”

SEI is trading for $0.69 at the of writing, up 12.9% in the last 24 hours.

The analyst is also bullish on the modular blockchain network Celestia (TIA) after the native token took out its resistance at around $7.00.

“Really strong, and we should see it continue higher.”

TIA is trading at $8.22 at time, up 3.9% in the last 24 hours.

The analyst believes that many altcoins may start outperforming Bitcoin. He shares a chart of the Bitcoin Dominance (BTC.D), which has suddenly dropped out of the 60% range. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A bearish BTC.D chart suggests that altcoins are about to outshine Bitcoin.

“Looks a lot more convincing 1732712443 and our large/mid caps have made some decent moves in terms of both USD and BTC pairs.”

The BTC.D is hovering at 58.61% at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed trader in the crypto space says there may be opportunities for select altcoins once Bitcoin (BTC) stabilizes.

Pseudonymous analyst The Flow Horse tells his Telegram subscribers that the more liquid altcoins within the top 100 could present good entry points for bulls after their 50% dips.

The trader names cat-themed memecoin POPCAT as an example.

“Gentle reminder that alts probably can go a bit lower if Bitcoin does but after this type of mark up the 50% retracement level on liquid top 100 pairs is often a very good level to bid.

I would start creating filters and alerts for charts that are approaching their 50% retracement levels, Popcat is a good example.”

The Flow Horse also says that Celestia (TIA) and SEI are “good examples” of coins that are showing strength despite Bitcoin currently correcting and dragging much of the digital assets markets down with it.

The trader says it’s more than likely that BTC will consolidate under the $100,000 level, with some money flowing out of the risk curve into altcoins.

“Regardless of the near-term outcome, I think you can take one thing from BTC, no need to force anything here, BTC imo is more than likely going to take a little breather anyway before any real move above 100k.

Ideally, the market comes into agreement that we don’t have to worry about much lower prices, or that it doesn’t make sense to yet, and we can see some of the capital that does come out of Bitcoin go into alts.”

At time of writing, Bitcoin is trading at $94,201.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal/Vladimir Sazonov

A crypto strategist is warning that two large-cap altcoins may witness deep corrective moves after massive rallies this month.

Crypto trader Credible tells his 473,800 followers on the social media platform X that payments-focused altcoin XRP looks primed for a pullback after completing a five-wave rally on the four-hour chart.

Credible practices Elliott Wave theory, which states that an asset may correct or consolidate after concluding a five-wave upside burst. During a five-wave rally, a bullish asset surges in waves one, three and five with waves two and four serving as corrective periods.

According to the trader, XRP needs to hold a crucial support level to maintain its bullish momentum.

“And that, ladies and gents, is a crystal clear five-wave impulsive move, subwaves and all on XRP.

This:

1. confirms our absolute bottom was in at $0.49.
2. means if we move below $1.05 (origin of the 5th subwave), then it means we are seeing a larger wave two correction underway before the next impulse (wave 3).
3. If we hold above $1.05, it would mean this fifth subwave is extending which would mean we will see $2+ before any major pullback.”

At time of writing, XRP is trading for $1.37, down over 7% on the day but up about 180% this month.

Looking at Dogecoin against Bitcoin (DOGE/BTC), the trader warns that the pair is hovering at levels where it will likely witness a downside move.

“The BTC pairing is now at HTF (high time frame) resistance – really the only major obstacle between us and new ATH (all-time high) on the BTC pairing – but also the most likely place to expect a rejection on the entire HTF historical chart if we are not ready for new highs yet…

In other words – if BTC doesn’t hold $94,000 and instead sees a correction back down into the $80,000s – then DOGE likely takes a big hit.”

At time of writing, DOGE/BTC is trading at 0.00000431 BTC worth $0.42.

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