Altcoin
Top Coins Ready for Profit — TradingView News
In a post on His analysis delved into Bitcoin trading patterns, the growing AI-driven altcoin sector, and specific tokens that are showing considerable potential due to recent developments and broader market dynamics.
Bitcoin and AI crypto tokens are set to dominate this week
At the forefront of Deutscher’s analysis, Bitcoin recently returned to its previous trading range of $60,000 to $69,400 after experiencing a sharp decline. This move has been characterized as a significant deviation, suggesting a manipulation or shakeout of weak hands before a potential rally.
“Bitcoin is at the top of my watch list for this week. There was a big deviation/falsification to the downside and they are now back within the range,” Deutscher said. He stressed that the key factor to watch is whether the lower end of the current range will hold, which could serve as a solid foundation for an upward trajectory.
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Furthermore, the AI sector has proven particularly resilient and robust recently, recovering significantly amid a broader market recovery. Deutscher highlighted the sector’s potential for outperformance, driven by several upcoming major events.
These include Apple’s Worldwide Developers Conference (WWDC), NVIDIA’s earnings announcement, and the early release of ChatGPT 5. “AI is one of those unique narratives that maintains constant mindshare thanks to its endless stream of news/hype in real life,” Deutscher explained.
One specific AI token that Deutscher is watching closely due to its rumored partnership with Apple is Render (RNDR), making it a prime candidate for speculation on the next Apple event. Historically, RNDR has also led the AI token sector during market gyrations.
Furthermore, Deutsches focuses on Near Protocol (NEAR), Fetch.ai (FET), AIOZ Network (AIOZ). He grouped these tokens together based on their correlation, but noted their recent technical performance, where they bounced sharply from daily support levels and set higher lows. Other Altcoins to keep an eye on
TONNE: Recently in the spotlight, TON suffered a decline following the Token2049 event in what Deutscher described as a “selling the news” scenario. However, recent investments from companies like Pantera signal continued interest and potential undercurrents of growth.
Ethena (ENA): With market sentiment turning bullish again, Deutscher expects a return to positive funding rates, which typically benefit tokens like Ethena. Recent activities from the Ethena team, including larger reward increases and optimistic social media posts from its founders, further strengthen the bullish thesis. “There are also rumors of a T1 IPO,” Deutscher added, suggesting an imminent increase in liquidity and exposure.
Jito (JTO): Jito is reportedly developing what Deutscher called the “Eigen Layer of Solana,” aiming to replicate the success and hype surrounding the Eigen project’s layer solutions. Despite the challenges posed by a recent airdrop, Deutscher sees potential if the team performs well, especially since the relaunch narrative has not yet fully penetrated the market.
PopCat (POPCAT): Despite facing some fears, uncertainties and doubts (FUD) related to copyright issues over the weekend, POPCAT continues to show strong price action, pushing towards new highs. “POPCAT looks like the best contender, for now, no cat meme coin has yet reached a market cap of $1 billion,” Deutscher noted, highlighting its outstanding performance.
Ethereum Finance (ETHFI): In the realm of liquidity reward tokens (LRTs), ETHFI remains a noteworthy mention despite a broader post-Eigen sector sell-off. Deutscher believes sales may have been overly reactive and, with total value locked (TVL) still rising, a reversion to price averaging may be imminent.
SEI Network (SEI): As anticipation grows for the launch of the new layer one blockchain, Monad, later this year, SEI is seen as a strategic play. Categorized within the Ethereum Virtual Machine (EVM) parallel narrative, SEI has undergone a substantial sell-off, but is poised for recovery as market attention shifts to upcoming launches.
Friend (FRIEND): After recommending FRIEND at $1.30, Deutscher continues to see upside potential, particularly as it approaches more significant centralized stock prices. He recommends keeping an eye on major pullbacks as buying opportunities.