Good to see $BTC pushing again. Hitting key resistance around 115K. Even though price action is looking more optimistic again, it's important to take in account we can still go for 98K.
So far so good. Hope everyone has a lovely week into the final $ARENA unlock.
$AVAX — Feels like it’s ready to break out and sprint to $30. 🚀
Been stuck in the $25–27 snoozefest, but flipped the 200D MA like it’s nothing. If you love drawing triangles, you’ll see a breakout too… but I don’t, so nope. 😉
All signs pointing: next leg up. 📈
$ARENA is building a solid bottom right at key support ~1c — backed by the 200D MA and trendline. Serious confluence here 👀 Eyes on 1.5c next if it holds. Let’s go! 🚀
$AVAX is following $ETH ’s lead, now testing key resistance + the 200D MA. Looks ready to flip that into support. ETH’s strength makes a breakout likely, but don’t rule out a short-term dip first. Either way, the setup looks 🔥
$ARENA looks like it’s gearing up for a breakout—strong confluence right at this zone where a key support level, the trendline, and the 200D MA all magically align. Could be the start of a new bullish wave.
BREAKING: AvaLabs and the Avalanche Foundation have both agreed to continue developing on the Avalanche blockchain, contrary to the rumours. This news comes as a welcome relief to investors as the continual downwards token trajectory indicated otherwise.
Looks like $ARENA is gearing up for another leg up after flipping the 1.5c area. I’d want to see it close above 2c to really confirm the move, but so far the setup’s looking pretty solid.
@tehMoonwalkeR@avax Wait a sec: with a 421M circ supply, that's 0.1% not 3.5% and you're not taking in account the 3M monthly emission? So that's about 1.28M of monthly inflation.
But I might be mission something here.
In previous cycles, BTC strength was positive for alts because the pool of buyers was crypto-native and you could reasonably assume they’ll roll profits and rotate to other stuff eventually
So a lot of altcoin front running would take place and BTC pullbacks/consolidations provided good opportunities to buy alts
BTC strength would create a ‘wealth effect’ for crypto as a whole and the velocity of money would go up across crypto as a whole
This cycle, the pool of buyers are primarily BTC-focused and don’t care about altcoins
There’s no direct wealth effect to benefit altcoins, so the non-BTC crypto natives end up PvPing themselves to front run a rotation that hasn’t happened
There’s an important lesson here:
We were tricked and we fell for it.
Investigate Michael Saylor immediately.
@KINGETH22@joerogan That was a good chat actually ... you gotta just dive in and execute when you believe in something. But easier said than done, I'm (also) an overthinker vs just-do-it kinda guy. 😅
Great to see Avalanche mentioned on @joerogan
And damn had similar idea back in September 2024. Was sharing it with @cryptosuperfly here is part of it.
Guess we should have continued on this 😂
Have more ideas, hmu entrepreneurs