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In a market update on August 19 titled “Key Altcoins To Watch Right Now,” crypto analyst Cryptoinsightuk argues that conditions are improving for a fresh leg higher in altcoins as Bitcoin dominance shows signs of easing. “The last few days and in the newsletter I’ve discussed my long-term thesis around Bitcoin dominance dropping [and] that altcoins are going to take the next leg up,” he said, adding that, at current levels across majors, “risk–reward for long positions is very good here.”
He anchors the view in a recurring intraday structure he says is visible across Bitcoin and multiple large caps: a range forms, the lows are swept, the highs are swept, price returns to the range lows, and momentum begins to base. On Bitcoin specifically, he notes that “RSI on [the] 4-hourly looks like it could turn up,” while acknowledging that short-term direction could still be shaped by the US equity open and broader macro headlines.
Top Altcoins To Watch In Crypto Right Now
Avalanche (AVAX) tops his tactical list. He outlined a limit-bid plan at $22.75, citing a local liquidity pocket down to roughly $22.70, while emphasizing that the more material liquidity sits overhead: “There’s more dense liquidity above us all the way up to $27… on the daily… up to about $28.4, even towards $30 for AVAX.” He framed the trade as asymmetrical because “if we don’t get [the fill] then that’s fine,” whereas a push into the upper liquidity bands could accelerate.
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