Fuel Network narxFUEL

Crypto Rover, a well-known analyst in the crypto space, has shared a chart on X that hints at the beginning of the highly anticipated altcoin season, often referred to as altseason. The chart highlights a historical pattern, showcasing a cyclical trend where altcoin dominance tends to surge after a prolonged period of accumulation. Interestingly, similar patterns were observed in 2017 and 2021, both of which preceded significant, rapid rallies in altcoin prices. The chart illustrates a consistent structure where altcoins typically establish a price floor before making an explosive move upwards. According to the analysis, the current market conditions bear a striking resemblance to these previous altseason setups, suggesting that we might be at the cusp of another substantial run for altcoins.. However, for a more definitive confirmation, traders are being advised to keep an eye out for sustained upward momentum in altcoin dominance, accompanied by a noticeable increase in trading volumes. Another analyst, @oxlofty, has pointed out a potentially significant catalyst: the Global Liquidity Index has reversed for the first time since 2021. Historically, this type of reversal has often correlated with bullish movements across the cryptocurrency market. This analyst is even predicting that altseason will kick off “next week,” while also forecasting a dramatic surge for Bitcoin to $350,000 and an even more eye-popping 100x pump for lower-cap cryptocurrencies. While Bitcoin reaching $350K in the short term might seem like a long shot to some, an increase in overall market liquidity could indeed provide the necessary fuel for altcoins to experience a significant rally. If Bitcoin dominance starts to decline while Bitcoin itself maintains its upward price trend, this could signal a rotation of capital from Bitcoin into altcoins, which is often considered a key indicator of a true altseason. According to data from CoinMarketCap, Bitcoin’s dominance in the overall crypto market is still above 60%, while the CMC Altcoin Season Index currently sits at a value of 17. Changpeng Zhao, the founder of Binance, a reading closer to 50 would be a strong indication of an impending altcoin season. Another bullish outlook comes from @ CryptoELITES , who predicted that April and May will be incredible months for cryptocurrencies. This analyst shared a Total 2 chart, which tracks the total market capitalization of all altcoins, excluding Bitcoin. The chart shows what appears to be a rounded bottom formation, followed by an attempt to break out. Key Fibonacci retracement levels on the chart suggest that the next major resistance levels for altcoins lie between $2.53 trillion and $4.15 trillion. If altcoins can maintain their current upward momentum, a sharp rally towards these levels could potentially unfold in the coming months. The chart also indicates that altcoins have recently bounced off significant support levels and are now forming a cup-and-handle pattern, which is widely recognized as a bullish technical structure. If this pattern plays out as expected, we could see a rapid increase in the valuations of altcoins, particularly in the mid and lower-cap asset categories. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$FUEL at quite the level here. Hitting the 20 EMA on the 4H chart and the 100 EMA on the 1D chart!

$BTC I'm sticking to this Bitcoin plan as we are still ranging. If we moon from here and don't touch 72k then I will most likely take profits heavily earlier than expected on my holdings and trail where I deem fit as there is less fuel to push the market higher (HTF POV). Waiting for a BOMS and will assess from there to see if there is a key level to pull back into. Also, I'm assuming the probability is higher to make a double top instead of pushing past the previous ATH as we didn't collect the liquidity at 72k.

XRP’s price gained significant traction after news of Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission might soon wrap up. In less than a day, the token surged by 14%. However, the short-lived excitement faded soon. XRP quickly gave up half of those gains, falling below the important level of $2.50. The sharp rally echoed XRP’s January move, where the asset skyrocketed to its previous all-time high of $3.40. That surge came on the back of strong spot buying and lasted several weeks. Traders are hoping for a repeat, but this time, conditions appear slightly different. For the first time since late January, the aggregated spot tape cumulative trade delta (CVD) turned positive. It basically shows the difference between aggressive buys and sells across exchanges. When this number goes green, it means more people are aggressively buying than selling—a pattern that often drives prices higher. Even as spot buyers stepped up, the futures market told a different scenario. A negative aggregated premium in open interest signaled that many traders were betting against a price increase. The tug-of-war between spot buyers and futures bears is heating up, with no clear winner yet. Dom, a crypto analyst, believes XRP’s volume-weighted average price from its all-time high is still acting as a bullish threshold. According to him, “XRP must stabilize around the $2.50 level.” If it does, the door to higher levels could swing open. But uncertainty is everywhere. While some indicators suggest strength, the price remains in what’s called sideways consolidation. In simpler terms, XRP is drifting with no strong direction, as both bulls and bears refuse to give in. From a technical angle, there are key levels to watch. If XRP can close a daily candle above $2.65, it would create what’s known as a positive break of structure. That shift could pull futures traders onto the bullish side, adding fuel to the fire. On the flip side, a close below $2.23 could erase the recent gains and return the token to a downward path. One trader, known as CrediBULL Crypto, sees this current period as an accumulation phase. According to the trader, XRP might first drop to sweep liquidity between $1.80 and $2.00 before heading back up. The analyst also anticipates that the token might hit an all-time high above $3.40 soon . It’s a bold call, but not out of the question if buying pressure holds steady. Still, others are cautious. Even if XRP doesn’t dip to $2, it needs to hold above its rising trendline support to build any long-term strength. Losing that level could trigger fresh selling and shake out weak hands.

$NIL $NIL/USDT Trade Signal – Explosive Move 🚀 Current Price: $0.725 (+81.25%) 24H High: $0.977 | 24H Low: $0.400 Key Support Levels: $0.680, $0.620 Key Resistance Levels: $0.800, $0.900 Trade Setup: Entry Zone: $0.710 – $0.730 Target Levels: $0.800, $0.850, $0.950 Stop Loss: $0.670 Market Outlook: NIL has seen a massive surge from $0.400 to nearly $1.00 before retracing. A consolidation above $0.700 could fuel another breakout attempt. Watch volume closely! 🔥