On Crypto Banter’s Dylan’s Trading Show, the analyst said that the next target for Bitcoin is $70,000, especially if positive news emerges from the BTC conference. In summary,he said that the outlook is super bullish for BTC, with critical levels to watch and a potential push to $70,000 if the momentum continues and key events align favorably.
The analyst said that when looking at the Solana ecosystem, he automatically considers tokens like Jupiter, Radium, Bonfida, and WIF. He also looks at meme coins within the ecosystem, which often outperform when Solana is surging.
Jupiter is particularly hailed for its strong performance and recent bullish trend. With a trend break and a W formation, JUP is looking poised for bigger moves. Key support levels to watch are $0.96 and$ 0.99, with a potential target of $1.17.
JTO is another mention in the Solana ecosystem, especially with its recent relaunch and re-staking mechanism, termed “reking,” which has pumped bags previously. The 50-day moving average serves as significant support, with a bullish outlook if it breaks the 200-day moving average.
WIF, a Solana meme coin, shows bullish potential with support at $2.25 and potential scalp zones at $2.44 and $2.52. Watching these areas for bounces can help traders capitalize on bullish movements.
For AAVE, recent bullish news and changes in their staking mechanism have led to a price surge. The analyst said that the key support is at $99.6 and upside targets are $105 and $111.
For Injective Protocol (INJ), despite being at resistance, there’s potential for growth if BTC pushes towards $70,000. The analyst recommended watching for bullish pullbacks and maintaining a balance between taking profits and holding for potential further gains.
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