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Trading expert warns altcoins will bleed before going ‘much higher’

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Altcoins surged last week, following Bitcoin’s (BTC) leadership in what some analysts are calling “the biggest crypto bull run ever.” However, a cryptocurrency trading expert warns of caution as all cryptocurrencies could soon start bleeding before “sending them much higher.” In the past seven days, US-based altcoin projects like Ripple’s XRP, IOHK’s Cardano (ADA), and Algorand’s (ALGO) got the spotlight. XRP, for example, surged by over 83% in a week, as Finbold reported, breaking the $1 mark and eyeing $8. Yet, CrypNuevo believes this bull rally could soon face resistance and bleed into a “shallow pullback” in the following days. The analyst shared this projection on November 14, looking at BTC psychological levels and TradingView ’s Bitcoin Dominance Index (BTC.D). Picks for you Is Elon Musk’s AI Grok set to replace Google? ...

Trading expert reveals the ‘groundbreaking next big mover’ after Solana

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Solana (SOL) has made huge waves in the cryptocurrency market and, in 2023, consolidated as the best-performing digital asset. Traders and investors now look to the “next big mover” after Solana, speculating on groundbreaking technologies and promising projects. In particular, Raoul Pal, Founder and CEO of Global Macro Investor and Real Vision, has made his bull market bet. According to the trading expert, Sui Network (SUI) has what it takes to be a leading performer this cycle. Raoul Pal described Sui as “the groundbreaking ultra-fast L1, super efficient, full blockchain ecosystem” when looking for “signs of the next big L1 mover.” Nevertheless, he disclosed having a position on the Sui Foundation’s board and acknowledged concerns about SUI’s tokenomics with massive unlocks. Picks for you Is ...