Nicholas Merten from DataDash believes it's time to closely watch Bitcoin and altcoins. Bitcoin has been showing signs of a potential breakout, staying above key price levels like the 21-day moving average. If this trend continues, he thinks Bitcoin could push higher, which would also boost altcoins.
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However, he advises caution. While some have already seen gains in altcoins, it's smart to wait for clear confirmation of a market rally before jumping in.
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Merten points out that altcoins are still cheaper than earlier this year, offering the potential for short-term gains even if they only return to their previous highs.
Merten mentions a few specific coins to keep an eye on. He highlights FET and Render Token as having solid potential if they continue to hold key support levels. He also mentions that while Ethereum and Solana could see gains, the returns might not be as dramatic as those from smaller projects.
His message is to stay patient, watch for key signals, and focus on promising altcoins that show real momentum.
