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The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks

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A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s (BTC) downturn may spearhead the next digital asset rally.

Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin (LTC) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week.

“At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts that have held their relative lows on this drop; they may be the ones to lead the next rally. Great examples at the moment are LTC and XRP (you seeing a theme here?).”

LTC is trading for $127 at time of writing, up marginally in the last 24 hours. Meanwhile, XRP is trading for $2.15 at time of writing, down 1.6% on the day.

The analyst also says that Bitcoin may trade sideways in the coming days before a breakout.

“BTC tagged $79,000 and we are now seeing some relief. Only two levels that really matter from my perspective at the moment: local supply at $94,000-$99,000 and high timeframe demand just under $74,000. I suspect we form a base between these two levels over the coming days before a full-on reversal.”

Image
Source: Credible Crypto/X

Bitcoin is trading for $85,070, up fractionally 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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Justin Sun Bets Big On JUST Token, Sees 100x Potential

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Tron founder Justin Sun has set the crypto community abuzz with a very ambitious forecast that JUST (JST) token will grow a hundred-fold.

Justin Sun Asserts ‘Complete Fundamental Reversal’ For JST

Based on Sun’s latest post on X, the JUST decentralized finance platform based on TRON has made dramatic changes. “JST has experienced a total fundamental flip,” Sun wrote.

“I think it will be the next 100x token,” he said. His statement sparked an instant 30% price rise as investors flocked to purchase the token.

The crypto entrepreneur pointed to JustLend’s growth from launch as a central reason for his positive perspective. JustLend has become a leading lending platform in DeFi and was involved in the creation of the USDD stablecoin.

JUST price up in the last week. Source: Coingecko

Sun compared JST to veteran DeFi tokens AAVE and MKR, positing that JST might replicate similar growth trends. He anticipates the platform to make huge profits in future years. “I’m sure that JST’s chart will be no less stunning than TRX’s – if you catch my drift,” he added.

Token Price Surges Following Announcement

The market responded quickly to Sun’s comments. JUST price jumped within 24 hours of his prediction, reaching $0.04310 per token.

This price movement coincides with broader positive trends in cryptocurrency markets, with Bitcoin and other alternative coins showing strength in recent trading.

Sun has been active with other price predictions as well. He recently set a $5,000 target for Ethereum and forecasted that Tron (TRX) would reach new all-time highs.

JST market cap currently at $391 million. Chart: TradingView.com

Revenue Plans Look To 2026 For Substantial Growth

Although Justin Sun did not give a precise time when the 100X increase is likely to occur, his remarks indicated 2026 as a primary period. Based on his remarks, more than $100 million is anticipated to be earned in profit by 2026 through the DeFi ecosystem.

One key component of Sun’s strategy is to use this future revenue to buy and burn JST tokens. This deflationary mechanism would decrease the token supply, maybe causing prices to rise if demand stays constant or rises.

Trump Connection Mentioned Amid Bold Predictions

Reports suggest Sun can attend a dinner party hosted by US President Donald Trump for large holders of TRUMP tokens. According to information at hand, Sun has amassed over 14 million TRUMP tokens, which qualifies him as a large holder.

If Sun’s bold forecast comes true, JST would be trading at about $4 per token, a huge jump from current prices. Such huge price jumps are not common in cryptocurrency markets even though they are often forecasted.

The 100X projection is one of the more aggressive predictions in recent cryptocurrency headlines, even for an industry with volatility and hype propensity.

Traders are at least reacting positively in the near term, though long-term execution will hinge on whether JustLend and the greater JUST ecosystem can provide the growth Sun projects.

Featured image from IQ.wiki, chart from TradingView





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Analyst Says Solana-Based Memecoin Going Much Higher, Sees PENGU Facing ‘True Test’ After April Surge

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A closely followed crypto strategist believes one memecoin running on Solana (SOL) is not yet done rallying, even after posting over 60% gains this month.

Pseudonymous analyst Altcoin Sherpa tells his 245,000 followers on the social media platform X that he’s bullish on Bonk (BONK) following the altcoin’s breakout of an accumulation zone on the three-day chart.

The trader shares a chart suggesting that BONK can rally to as high as $0.0000262 after taking out its resistance at $0.0000142.

“BONK is going much higher (I have a bag). Looks good on the charts as well.

Think I’m going to add to my position if I get a small dip.”

Image
Source: Altcoin Sherpa/X

At time of writing, BONK is trading for $0.0000182.

Turning to the native asset of the non-fungible token (NFT) project Pudgy Penguins (PENGU), the trader says the altcoin needs to print a bullish higher low setup at around $0.0065 to start reversing its multi-month downtrend. Otherwise, Altcoin Sherpa warns that PENGU may drop to as low as $0.004.

“Coins like PENGU got rekt the last several months but are showing some signs of life. The true test is going to be where the next low is and how the reaction is.

The trend is still bearish, so don’t be so quick to catch knives. That said, we could see some reversal if the environment continues to ease up.”

Image
Source: Altcoin Sherpa/X

Based on the trader’s chart, he appears to suggest that PENGU may soar to as high as $0.014 if the altcoin manages to establish a higher low.

At time of writing, PENGU is worth $0.00985.

As for the broader altcoin market, the analyst warns that most coins are still in a high-time-frame downtrend and that the gains witnessed this month could be erased. However, Altcoin Sherpa notes that it is now within the realm of possibility for altcoins to start carving a major cycle bottom en route to a bullish reversal.

“To be clear, I’m pretty bullish overall and think that we’re going higher and the next major dip is a BUY THE DIP situation.

HOWEVER, most alts still are in bearish market structures (see TAO) and continuation of that trend is down. I think we go higher for everything, but just a careful reminder that these sh*tcoins are still in bearish trends and have made lower highs, lower lows.

I do think that we’re doing better, though.”

Image
Source: Altcoin Sherpa/X

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Dogecoin Confirms Daily Trend Reversal With Breakout, Retest, And New Uptrend

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Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a trend reversal, hinting at a significant shift from bearish to bullish momentum. 

Analyst Flags Daily Trend Reversal On Dogecoin Chart

A prominent crypto analyst known as Trader Tardigrade has highlighted a confirmed trend reversal for Dogecoin. In a post on X (formerly Twitter) this week, he pointed out that DOGE’s daily chart has flipped from a downtrend to an uptrend. This claim is reinforced by a technical analysis of Dogecoin’s price action. 

Dogecoin’s price recently broke above a descending trendline that had defined its downtrend for several weeks. This breakout occurred on April 22, when Dogecoin closed above $0.165 on the daily candlestick timeframe. This breakout was the first step indicating the coin was escaping its bearish trajectory. 

Shortly after breaching the downward sloping resistance line, Dogecoin’s price pulled back between April 23 and April 24 to retest the same trendline, but this time from above. Importantly, the former resistance trendline held strong as a new support level during the retest. Following that successful test, Dogecoin resumed its upward climb, marking the continuation of the new uptrend. 

This pattern of breakout, retest, continuation is a classic technical confirmation of a trend reversal. The successful retest of this trendline gives more confidence that the bullish shift is real and not a false signal.

Image From X: Trader Tardigrade

Bullish Target: $0.25 By Early May

With the daily trend now pointing upward, the focus is now on how far this new uptrend could carry Dogecoin. According to Trader Tardigrade’s analysis, Dogecoin could continue climbing in the coming days, potentially crossing the quarter-dollar mark very soon. As indicated on the chart he shared by Trader Tardigrade, the next Dogecoin price target is around $0.25 by the first week of May.

DOGE is currently trading at $0.18. Chart: TradingView

If achieved, a rise to $0.25 would be a significant milestone, considering Dogecoin has been stuck in a downtrend for over 10 weeks. As such, a break to $0.25 would mark Dogecoin’s highest price since late February and a robust recovery from its recent lows around the $0.14 to $0.15 range. Such a move would also represent roughly a 51% gain from the breakout level of $0.165. 

However, $0.25 is only the target in the short term. In a separate analysis, Trader Tardigrade pointed to Dogecoin’s long-term chart, highlighting a round bottom formation. The accompanying chart shows that in previous cycles, Dogecoin’s price formed a rounded bottom before entering explosive upward trends. This repeated pattern, now visible again on the monthly timeframe, signals that Dogecoin may be on the verge of another significant breakout. The long-term price target in this case is $2.8.

Image From X: Trader Tardigrade

At the time of writing, Dogecoin is trading at $0.18.

Featured image from Unsplash, chart from TradingView



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