Investors are waiting with bated breath to see what happens next. Bitcoin halving During April. As is customary, this event, although related to his BTC, triggered a commendable performance for the altcoin, fueled by growing bullish sentiment among investors. With that in mind, expert-picked cryptocurrencies to buy like Solana (SOL) and Pepecoin (PEPE) stand out, boasting over 50x return potential.
Meanwhile, markets are calming down after the storm earlier this week, which temporarily changed the outlook. Bitcoin It plunged to the $65,000 support on Tuesday.
For serious investors, it's a great time to use the proven dollar-cost averaging (DCA) strategy to maximize profits over the long term.
Bitcoin price rose just 0.5% on the day to $65,854. ethereum price At the time of writing, it remains at $3,317. While the majority of altcoins such as XRP, Dogecoin (DOGE), and Bitcoin Cash (BCH) are in the red, some, such as Dogwif Hut (WIF), Solana (SOL), and Near Protocol (NEAR), are in the green. Ready for a stronger comeback.
Solana (SOL)
In the past 24 hours, Solana's price maintained a 4.5% increase, supporting a further 8% increase in trading volume to $4.5 billion. SOL holds the fourth largest cryptocurrency with a market capitalization of $84 billion.
The 4-hour chart highlights a bullish pennant pattern that is likely to lead to a big breakout game towards the all-time high of $210 in the near term. This pattern allows for consolidation after a significant price increase.
After taking profits, investors use this period to enter new positions in preparation for an even bigger breakout. Therefore, as long as SOL repeats the lower bound of the pattern, a breakout above the upper trendline will occur in the near future.
It is currently stuck below the $190 resistance level, which is strengthened by the presence of the 20-day exponential moving average (EMA) and the 50-day EMA (blue and red lines on the chart). Solana It looks like the scales are ready to tip to the bullish side.
The Moving Average Convergence Divergence (MACD) indicator will soon confirm the uptrend and signal traders to buy SOL. A daily close above $190 would indicate a solid uptrend, with Solana potentially reaching the $260 and $300 levels with momentum above $210.
2. Pepecoin (PEPE)
Pepe Coin price is attempting to recover from its recent peak of $0.000009 after a 24% correction. The 200-day exponential moving average (EMA) (purple line) serves as immediate support for the memecoin confirming a possible trend reversal.
The position of the token at the previous day's open price means that the sellers are still active and may continue to influence the market outlook. Similarly, the death cross pattern that formed after the 20-day EMA (blue line) fell below the 50-day EMA is another key bearish signal that is likely to keep PEPE contained.
Assume that Pepe Coin cannot sustain a position above the 200-day EMA support. In that case, traders may want to brace for another round of declines into the gray band where memecoin gathers fresh liquidity for the next recovery attempt.
According to CoinGape's countdown, Bitcoin halving will occur in about eight days. In this event, miners' rewards will be cut in half to control inflation.
In the process, supply tends to shrink, and if demand stays the same or increases, especially due to Bitcoin ETFs, a parabolic rally could occur and BTC prices reach new all-time highs.
Altcoins like PEPE are also poised to benefit greatly from post-halving market sentiment. If Bitcoin rises exponentially, the price of the entire market will move with it, even reaching new all-time highs as the year progresses.
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