{"id":88000,"date":"2025-02-14T16:11:27","date_gmt":"2025-02-14T16:11:27","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/crypto-trader-says-one-solana-based-altcoin-primed-for-a-breakout-in-coming-weeks-updates-outlook-on-bitcoin\/"},"modified":"2025-02-14T16:11:27","modified_gmt":"2025-02-14T16:11:27","slug":"crypto-trader-says-one-solana-based-altcoin-primed-for-a-breakout-in-coming-weeks-updates-outlook-on-bitcoin","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=88000","title":{"rendered":"Crypto Trader Says One Solana-Based Altcoin Primed for a Breakout in Coming Weeks, Updates Outlook on Bitcoin"},"content":{"rendered":"


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Analyst and trader Micha\u00ebl van de Poppe says one Solana (SOL<\/a>)-based altcoin may be gearing up for a breakout.<\/p>\n

Van de Poppe tells<\/a> his 774,000 followers on the social media platform X that the cross-chain messaging protocol Wormhole (W<\/a>) is showing bullish divergence on the weekly chart.<\/p>\n

A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.<\/p>\n

\u201cThe altcoins, nothing has changed. On W, there\u2019s still a possibility of a potential bullish divergence and falling wedge breakout in the upcoming weeks. Good things are ahead of us, it might not feel like it, but it will.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/X<\/figcaption><\/figure>\n

W is trading for $0.1798 at time of writing, up 1.1% in the last 24 hours.<\/p>\n

Next up, the trader says<\/a> Bitcoin (BTC<\/a>) may be poised<\/a> for an explosive move.<\/p>\n

\u201cPPI (Producer Price Index) coming in [Thursday], another drop towards the lower areas of the range for Bitcoin and then we\u2019re back up? Trend is clearly up for Bitcoin, and the longer the accumulation takes, the heavier the breakout will be\u2026 <\/em><\/p>\n

PPI also coming in hotter and markets barely reacting. Not the prime topic anymore, tariffs, quantitative easing, Trump and China are deciding on whether risk-on or risk-off runs. Yields drop so far. Looking forward to the Bitcoin response.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/X<\/figcaption><\/figure>\n

Lastly, he suggests<\/a> that Bitcoin\u2019s current cycle may extend longer than its historic four-year cycles.<\/p>\n

\u201cThere\u2019s a very likely case that the entire four-year cycle is just something fugazi. The altcoin bull market hasn\u2019t happened, as a matter of fact, the bear market was the longest ever and that should peak in six months from now. No, I think and that\u2019s been my main thesis: longer cycle.\u201d <\/em><\/p>\n

Bitcoin is trading for $96,496 at time of writing, down 1.3% in the last 24 hours.<\/p>\n

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