A crypto strategist known as a “Master Trader” on the digital asset exchange Bybit believes three altcoins are gearing up for more rallies.

Pseudonymous analyst Bluntz tells his 299,900 followers on the social media platform X that Dogecoin (DOGE) looks poised to witness fresh bursts to the upside after respecting support at around $0.36.

“You didn’t get bored of DOGE and leave to go chase the newest shiny thing did you?

Things are about to get fun again, in my opinion.”

At time of writing, DOGE is trading for $0.432, a 3.45% increase in the past 24 hours.

Turning to fellow memecoin Pepe (PEPE), Bluntz believes that the altcoin is back to bullish mode after breaching its diagonal resistance.

“PEPE downtrend memeline officially broken.”

At time of writing, PEPE is worth $0.0000209, a 2.7% surge in the past day.

As for the native asset of the Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP), the crypto strategist thinks the altcoin is primed to move higher after shattering a diagonal resistance.

“JUP breaking out, the Santa rally is gonna be lit this year.”

At time of writing, JUP is trading at $1.14, a marginal decrease in the last 24 hours.

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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 crypto analyst says one catalyst could send the altcoin market soaring for months.

The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.”

“Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.”

According to the trader, ETH needs to break through $4,000 to ignite massive altcoin rallies.

“It’s weekly closes and successful retests [at the $4,000 level] that have enabled moves to essentially new all-time highs. So $4,500 would occur once we actually managed a weekly close inside here and retest this [$4,000 level] as support. That would enable a revisit of old all-time highs, and probably upon breaking $4,500, rally into essentially new all-time highs and price discovery.”

Ethereum is trading for $3,595 at time of writing.

He also shares an OTHERS chart, which depicts the total crypto market cap excluding the top ten coins to gauge altcoin market strength, and suggests that alts may surge like they did in 2021.

“Now we’re seeing a weekly close and retest here, and a successful retest here would enable upside from $315 billion to $425 billion…

When we weekly closed and retested this region [in 2021], we saw expansion in altcoin market cap to new all-time highs, essentially…

If we’re able to hold here for a few weeks, that would enable a move into $425 billion.”

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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 top analyst who accurately called the end of the 2022 crypto bull market thinks Ethereum (ETH) is poised to rally in both its Bitcoin (ETH/BTC) and US dollar pairs.

Pseudonymous analyst Pentoshi tells his 826,200 followers on the social media platform X that ETH/BTC looks good after respecting its support at 0.30 BTC.

According to the crypto strategist, ETH/BTC may bounce to as high as 0.4597 BTC.

“Very promising start.

Let’s see if we can get to the target.” 

At time of writing, ETH/BTC is trading for 0.0373 BTC worth $3,563.

As for Ethereum against the dollar, Pentoshi thinks it is within the realm of possibility for ETH to surge above $4,000.

“No reason this doesn’t challenge this year’s highs, or higher in my opinion.

Which likely has confluence with the ETH/BTC target posted.”

He also thinks that the rally will be driven by investors allocating hundreds of millions of dollars in capital to ETH-based exchange-traded funds (ETFs).

“Starting to become more consistent for ETH. 

We could see a few $250-$500 million days at some point too in the near future for this [BlackRock ETH] ETF. Had a $91 million day just in the last week.

Probability of that you have to assume is very high and not far stretched at all.” 

Pentoshi is also keeping a close watch on the native asset of the graphics processing unit (GPU) rendering network Render (RENDER). The analyst says RENDER looks bullish after flipping a key resistance level at $8.10 as support.

“Was a very short wait, RENDER flipped it, retested, and confirmed on the four-hour [chart].

Structurally a great looking chart.” 

At time of writing, RENDER is worth $8.61, up over 8% in the past day.

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