"Everything in cryptocurrencies depends on this level"

2024-09-04 22:51:42

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The latest episode of Trend Hunters on Coinkolik’s YouTube channel discusses the direction of the cryptocurrency market.

The cryptocurrency market has shown a downward movement in recent days, resulting in a loss of confidence among investors. Trend Hunters explained the levels and indicators that investors need to follow in the last section.

Trend Hunters stated that altcoins retracted to dip levels due to the uncertainty in Bitcoin (BTC), and emphasized the significant role of the altcoin leader Ether (ETH).

Yağız İşbırakmaz from Trend Hunters said that $1,930 level is the ‘make or break’ support for ETH. İşbırakmaz, who prepares technical analysis for Bitcoin and Ether, commented that ‘everything depends on this level’.

In the midst of the crypto agenda: SHIB and KASPA analysis

Trend Hunters, who claim that the cryptocurrency market will face challenging days in September, stated that the rallies could start after October.

Trend Hunters claimed that the altcoin bull will last until 2025.

Trend Hunters examining Shiba and KASPA coins gave important signals. Özgür Umut Demirci claimed that no memecoin, except for Dogecoin, could be among the top 50 altcoins by market value. Demirci stated that the increasing memecoins and new marketplaces like the Solana blockchain were affecting Shiba. Mentioning that new memecoins like WIF, BONK, and BRETT would be released every year, Demirci commented, “in my opinion, they should be sold after gaining 10-15 times the profit.”

The analysis of KASPA by Trend Hunters in the past days is remarkable. The team suggested that KASPA could be a competitor to Solana.

What was discussed in Trend Hunters? Here are all the details…

This article does not contain investment advice or recommendation. Every investment and trading transaction involves risk, and readers should conduct their own research when making decisions.

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