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4 Major Altcoins: Where's the Money Going?

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The crypto market is firing on all cylinders right now, but not every coin is created equal. Here’s what the charts are screaming at us.

Bitcoin: Rally Running Out of Gas?

BTC has been absolutely ripping—zero chill, straight vertical moves. But here’s the thing: we’re staring down $28,600-$30,100 like it’s a brick wall. This zone has rejected price before, and frankly, it’s the textbook spot for pullback or a hard reversal.

The red flags? RSI is maxed out on 12H, 1D, and 3D charts with bearish divergences forming across the board. Translation: the engine’s overheating. Smart money is waiting for that spike into resistance to dump shorts. Current play: waiting for Powell’s rate call—if he hints at a pause after a 25bps hike, that’s likely the sell signal. Big short orders queued up in this zone, just watching and waiting.

Ethereum: The Quiet Winner

ETH is actually the adult in the room right now. It reclaimed $1,745 (major horizontal support), cleared the red resistance box, and still has room to run. Unlike BTC’s parabolic rip, this move feels more controlled.

Short-term outlook? Consolidation is coming, but as long as it stays above $1,745, the bias stays bullish. If you’re comparing it to BTC’s setup, ETH looks way healthier for further upside. This is the one you want to hold through the choppy bits.

Solana: Breakout in Progress

SOL just demolished the orange box and snapped the red downtrend—proper breakout energy. But $26.00 is now a massive overhead resistance wall. RSI isn’t oversold yet, so there’s still some juice in the tank.

The thesis? More upside potential exists before this gets tired. Traders waiting for $26.00 to load shorts, but until then, SOL’s the dark horse that keeps surprising.

Polygon: The Forgotten Middle Child

Matic? Meh. Stuck between $1.08 support and $1.21 resistance with nothing exciting happening. Volume is there but RSI is dead center—no conviction in either direction. This is the coin you ignore until the chart picks a side. Revisit when the data gets spicy.

Bottom line: BTC is primed for a pullback, ETH is the safest bet for continuation, SOL has breakout momentum, and Matic isn’t worth your time yet.

BTC-6.04%
ETH-7.37%
SOL-9.06%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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