Altcoins
‘Hard for Me To Be Bearish’ – Analyst Predicts Altcoin Recovery, Sees Super Bright Future for Crypto
Published
1 month agoon
By
admin
A crypto strategist known for accurately calling the 2021 digital asset cycle top believes that altcoins are poised to witness a bounce.
The analyst pseudonymously known as Pentoshi tells his 854,200 followers on the social media platform X that he’s accumulating crypto assets believing that the altcoin market is gearing up for a recovery.
He says he’s keeping a close watch on the OTHERS chart, which tracks the total market cap of crypto excluding the 10 largest digital assets and stablecoins.
“It’s kinda hard for me to be bearish in this range. We can still fill it out more of course and it can chop around. I spoke a lot about taking out money as the bull run progressed and have begun to deploy some of that capital short term.”
Looking at the trader’s chart, he seems to predict that OTHERS, which some traders refer to as the altcoin index, can still drop to its immediate support at $247 billion before rallying close to $280 billion.
At time of writing, OTHERS is worth $270.195 billion.
One altcoin on his radar is the layer-1 protocol Injective (INJ). The trader says INJ appears to be setting up for a bounce as it respects its support at around $14.
“This area should give a pretty nice reaction in the near future. Also one of the better-performing coins from the 2023 lows.”
At time of writing, INJ is worth $14.67, up nearly 9% on the day.
Pentoshi also says he is optimistic about the future of crypto assets except for celebrity-themed memecoins.
“I still think we have a super bright future. A golden era will return. Stablecoins being the number one use case for crypto will still grow exponentially with downstream effects. Not just for speculation either. Bitcoin is 100% now cemented into the future where it will be a global standard. Back then it wasn’t so certain, especially in 2018. We’ll see a lot of the real world come on-chain with life-changing opportunities for those who reach out and grasp it.
I might be bearish on the impact of celeb meme coins for example. I mean. Look at the state of the market while Bitcoin is at $100,000. But not bearish on the overall direction. These things work themselves out.”
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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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Altcoins
Memecoin Insider Creates Wolf of Wall Street-Inspired Coin Despite Potential Interpol Warrant: Report
Published
3 hours agoon
March 17, 2025By
admin
A man linked to the launch of two collapsed memecoins has reportedly gone ahead with another project despite a potential Interpol Red Notice with his name on it.
Blockchain analytics firm Bubblemaps reports that Hayden Davis was involved in launching WOLF, a coin inspired by the Wolf of Wall Street, the hit film based on former stockbroker Jordan Belfort.
Davis admitted to being behind the launch of LIBRA, a memecoin initially backed by Argentinian president Javier Milei. He was also copped for his involvement in the launch of MELANIA, a coin based on US First Lady Melania Trump. Both coins collapsed over 92% very shortly after their launch and have not recovered.
Shortly after the launch of LIBRA, Milei disavowed the memecoin, claiming he did not understand what he was getting himself into.
According to Forbes, Argentinian prosecutor Gregorio Dalbón has asked for a judge to arrange for an Interpol arrest warrant on Davis for his role in LIBRA.
Says Dalbón,
“I’m here to request the immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency LIBRA…
The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, which he can use to move or remain in hiding, hindering our investigation.”
Despite the threat of being arrested, Bubblemaps says that one wallet that sniped the launch and collapse of WOLF behaved exactly the same as a wallet involved in a previous pump and dump allegedly linked to Davis.
“Starting with the WOLF creator 6MsuHd, we followed funding transfers back across 17 addresses and five cross-chain transfers.
All led to a single address: OxcEAe
The same one owned by Hayden Davis!
Why would Hayden do this?
Maybe he thought no one would trace it back to him.
He funded these wallets months before LIBRA and WOLF launched, moving money through 17 addresses and two chains.”
At time of writing, WOLF is trading for $0.00047, down nearly 99% from its all-time high of $0.0429 recorded on March 8th, according to DEX Screener.
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Altcoin
XRP Must Close Above This Level For Bullish Breakout: Analyst
Published
1 day agoon
March 16, 2025By
admin
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XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March 11, it has yet to fully recoup its losses in the first week of the month.
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The altcoin’s long-term prospects are still on bullish speculation, but its short-term price action has frustrated traders looking for signs of a breakout. Amid this stagnation, crypto analyst Egrag Crypto has outlined specific price levels that could determine whether XRP finally reverses its course.
Analyst Identifies $2.65 As Key Level Before XRP Can Challenge $3.00
Egrag Crypto, a long-time bullish advocate for XRP, recently took to social media platform X to outline key price levels that could determine the cryptocurrency’s next significant move. He identified $2.65 as the first critical threshold the coin must reclaim to sustain meaningful bullish momentum. However, the analyst expressed concern over XRP’s repeated tests of lower boundaries, which is in reference to the recent bottom at $1.93.
According to the analyst, the frequent retests of this support level are a double-edged sword. While multiple touches on resistance can eventually trigger a breakout, repeated tests of support weaken its integrity, increasing the likelihood of a breakdown. He likened this pattern to knocking on a door that would eventually open or break. He highlighted six instances of XRP retesting this zone since December 2024 on a 12-hour candlestick chart, warning that prolonged weakness could pave the way for further downside.
For the crypto to escape this cycle and shift into bullish territory, Egrag emphasized the importance of a strong close above $3.00, not just a brief move past it. This level has served as the upper resistance trendline for the past two weeks and has been a barrier to any sustained uptrend. Failure to break and hold above $3.00 could cause continued correction in the short term and keep XRP trapped in its current range.
However, the analyst believes XRP’s chances of reaching $3.00, considering the current price action, are slim without securing a close above $2.65.
Image From X: EGRAG CRYPTO
What’s Next For XRP After $3?
March has been particularly bearish for XRP, with sellers maintaining control as it failed to reclaim lost ground. However, if XRP bulls manage to close above $3 before the end of the month, it will open up the door for the resumption of a price rally. With this in mind, Egrag set an initial target of $4.80, placing XRP at new all-time highs.
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Interestingly, this target is modest compared to the analyst’s more ambitious long-term projections. Egrag has previously predicted that XRP could surge to $110 in the long term. At the time of writing, XRP is trading at $2.37 and is still 26.5% away from reaching $3.
Featured image from Crypto Logos, chart from TradingView
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Altcoin
XRP $15 Breakout? Not A Far-Fetched Idea—Analysis
Published
1 day agoon
March 16, 2025By
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Strict editorial policy that focuses on accuracy, relevance, and impartiality
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The highest standards in reporting and publishing
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After dropping to less than $2 last March 11th, Ripple’s XRP springs back to life and it’s currently trading between $2.30 and $2.40. And with the US Securities and Exchange Commission vs Ripple case nearing its resolution, the market can expect more price volatility for this digital asset.
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Within this context, market analyst Ali Martinez boldly claims that Ripple’s native coin still have the legs to hit a two-digit figure this cycle, using an extensive symmetrical triangle formation as a solid basis.
Martinez’s view runs opposite the bearish statements from other commentators. XRP has been on a slide lately, affected by the broader crypto fall, dipping by around 25% from its $3.40 high achieved mid-January.
XRP Gradually Builds Its Symmetrical Triangle
Like most cryptos, XRP continues to have a highly volatile market performance. The token attempted a recovery early this month but met resistance, leading to a steep decline on March 11th. Interestingly, a few commentators remain bullish on the altcoin, including Martinez, who sees the token on track to reach $15.
This is why $XRP can still reach $15! pic.twitter.com/vkIiR0rnpU
— Ali (@ali_charts) March 14, 2025
In his latest commentary, shared via a Twitter/X posting, Martinez highlighted the seven-year symmetrical triangle formed by this asset, which dates back to January 2018, when it dropped from its $3.80 high.
Even before Martinez shared this observation, several commentators reported the triangle’s formation, suggesting that a breakout could lead to a price run.
The Ascending Trendline
According to Martinez, XRP formed its lower highs in January 2018, extending the descending trendline on top. As the crypto witnessed higher lows during this time frame, it extended its ascending trendline below, creating a symmetrical triangle.
Interestingly, XRP exited the symmetrical triangle structure following the November US elections. Ripple’s native token surged by 280% for the month, marking the biggest 30-day increase for the asset in seven years.

Along with surprising traders, this breakout inspired fresh hope among XRP enthusiasts. While some experts noted that past breakouts do not automatically ensure continuous rallies, many saw this spike as evidence of possible long-term strength.
Still, the dramatic price fluctuation sparked conversations on XRP’s future, particularly in light of further government changes and more general market movements.
Ripple’s XRP is currently trading at $2.37, which is 2% up in the last seven days.
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XRP Currently Retesting A Breakout
After two months of upside, Ripple’s XRP is on a downturn, reflecting the broader crypto market sentiment. According to Martinez, XRP’s price is currently retesting the triangle chart breakout. He also suggested that even if XRP slips below $2, it’s still on track for a breakout, as long as it stays above $1. Armed with the charts, Martinez believes that XRP hitting $15 is not a far-out idea.
Featured image from StormGain, chart from TradingView
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