AREWA CRYPTO

The crypto market has dipped recently, with Bitcoin dropping around 7-8% and many altcoins also down by 10-15%. But analysts believe that this is just another buying opportunity. 

Altcoin Setup Signals Possible Big Rally

Altcoins touched the same trendline three times last cycle, then dropped 36% before jumping 160%. The same setup is now forming again, the fourth touch and a breakdown, which could mean one last dip before a big altcoin rally. 

The analyst is currently focusing on these altcoins: Plume, Aerodrome, Fetch.ai (FET), Chainlink (LINK), NEAR Protocol (NEAR), Internet Computer (ICP), Ondo Finance (ONDO), Hedera (HBAR), Injective (INJ), and Render (RNDR), while a few others are also being considered. 

⏺PLUME:

Plume is trading at $0.1379, up 2% in the last 24 hours but down 13% over the past week. It is a promising low-cap project in the RWA sector and has strong growth potential. It is very close to launching its mainnet, which could happen in early June. 

⏺Fetch.ai:

FET is the native token of Fetch. ai, a decentralized AI platform built on Ethereum. It powers use cases like automated trading, gig economy jobs, and smart energy management. It is currently trading at $0.8234, up 2.8% in the last 24 hours, with a market cap of over $2 billion. Even though it’s down 6% in the past week, it has recorded gains of over 20% over the past month.

⏺Chainlink:

Chainlink, a decentralised Oracle Network, is currently trading at $14.31, up over 1% in the past day. LINK supply on exchanges is dropping, whales are buying again, and on-chain activity is rising. It may be gearing up for a big breakout with a bullish harmonic pattern forming on its weekly chart. If the pattern completes, LINK could soar up to $30.92.

⏺Aerodrome:

Aerodrome Finance is the main DEX on Base, acting as the core liquidity hub for its ecosystem. With features like ve(3,3) incentives and a mix of liquidity models, it’s built as a next-gen “meta” DEX. It hosts top trading pools for ETH , BTC , and FX, often beating Coinbase Exchange in volume. Currently trading at $0.537, it’s down 1.7% in the past day and is down over 13% this past month.

⏺NEAR Protocol:

NEAR, a layer-1 blockchain, is currently trading at $2.53. It recently showed strong bullish momentum, rising from $2.48 to $2.59, a 4.6% gain. A big volume spike during the break above $2.53 confirmed strong buying. A cup-and-handle pattern and rising channel indicate more upside, and it could keep rising toward $2.58–$2.60 if the momentum holds.

⏺ICP:

ICP is currently trading at $5.38, up over 4% in the past day. ICP is up 16% in the past month and could rise further if it breaks above $6. The World Computer Summit is boosting sentiment, and if bulls hold the $4.5 support, ICP may outperform top Solana meme coins.

⏺ONDO:

Ondo Finance is currently trading at $0.8492, down 0.9% in the past day. ONDO is holding steady near $0.85 after a long correction. A descending wedge on the weekly chart hints at a bullish breakout. If it clears the $1.00–$1.20 zone, a move toward $3 is possible. Low volatility suggests growing upside momentum. 

⏺HBAR:

Hedera (HBAR) is a fast, energy-efficient Layer-1 designed for institutions, backed by big names like Google and IBM. HBAR’s stablecoin volume has surged to $181 million, up 9x from last year, making it a top player for fiat-backed digital assets. It is currently trading at $0.1711, down over 1% in the past day. 

⏺Render:

Render Network connects users to decentralized GPU power for tasks like AI and 3D rendering. It is currently trading at $3.94, down 1.9% in the past day. Render’s long-term outlook stays positive, and it could hit $9.68 by the end of 2025. 

⏺INJ:

Injective is currently trading at $12.77, up over 1% in the past day. Injective is expected to dip slightly to $12.71 by July 4, but it could rise to around $13.34 this summer. With a bullish outlook and a 36% monthly gain, it may be a good time to buy.

#Altseason

$PLUME $FET $ONDO $ICP $NEAR $HBAR $RENDER $AERO $INJ

CoinMarketCap, the foremost global platform for cryptocurrency information referencing, has unveiled the inaugural phase of CMC AI, which includes a suite of pre-formulated questions and answers on all principal token pages.
This initial launch sets the stage for an extensive integration of AI features aimed at revolutionizing the way users explore and comprehend the crypto market landscape.
Now, users can gain immediate insights by simply clicking on dynamic, data-driven questions that populate directly within the token detail pages, eliminating the need to input questions manually.
These queries cover a spectrum of critical information, including price fluctuations, market tendencies, blockchain transactions, and essential token data, providing on-the-spot enlightenment precisely where it's most sought after.
"During this initial stage of CMC AI, our objective is to provide insights at the core of user interaction—right on the token pages," explained David Salamon, Chief Product Officer at CoinMarketCap. "Our AI is tailor-made for the cryptocurrency environment, educated with our vast market data sets, and crafted to bring to light key insights precisely when users are seeking clear, concise information about distinct digital currencies."
The primary elements in this initial rollout encompass:
- Tailored pre-created AI-powered Q&A for individual tokens
- Instantaneous refreshes to mirror live price changes and prevailing market scenarios
- Effortless incorporation within token detail pages accessible on desktop and mobile platforms
- Single-click retrieval of insights, bypassing the need for manual entry or intricate queries
This introduction signifies the primary chapter in the strategic development timeline of CMC AI, with a series of enhanced functions set to be introduced incrementally until 2025.
Future enhancements are planned to include homepage integration featuring real-time market trends, tailor-made interactions reflecting individual user portfolios and watchlists, and ultimately, the ability for users to pose bespoke questions that lead to interactive, multi-stage AI dialogues. Each progressive phase is anchored in our enduring commitment to demystify cryptocurrency and make it more approachable to enthusiasts and investors of varying expertise.
Check here for more details
https://coinmarketcap.com/events/cmc-ai/?utm_source=email&utm_medium=kol&utm_term=cmc-ai-launch