Solana-Based Altcoin and Bitcoin Show Potential for Breakout
- Michaël van de Poppe indicates that the Solana-based altcoin Wormhole (W) is showing a bullish divergence on the weekly chart.
- A bullish divergence occurs when asset prices hit lower lows while indicators like RSI show higher lows.
- Wormhole (W) is trading at $0.1798, up 1.1% in the last 24 hours.
- Van de Poppe suggests Bitcoin (BTC) may be poised for an explosive move, with current trading at $96,496, down 1.3% in the last 24 hours.
- Bitcoin’s cycle might extend beyond its historic four-year cycles according to Van de Poppe’s analysis.
The analyst Michaël van de Poppe highlights potential breakouts for both Wormhole and Bitcoin, noting Wormhole’s bullish divergence and suggesting Bitcoin’s cycle could extend longer than usual. At present, Wormhole trades at $0.1798 and Bitcoin at $96,496.
Source (2.6)https://dailyhodl.com/2025/02/14/crypto-trader-says-one-solana-based-altcoin-primed-for-a-breakout-in-coming-weeks-updates-outlook-on-bitcoin/?rand=59076
