Sjuul | AltCryptoGems

ADA: The price is working on wave (5) and I still see $0.36-$0.38 as next ideal target area to possibly complete wave (5) of C of 2. However, there is not going to be a confirmed low until we see a first 5-wave move to the upside, followed by a corrective pullback.

SOL: Clear 3-wave rally into resistance and the price is following the forecasted pathway to $133 at the moment. A break above the upper boundary line of the corrective price channel might indicate that a low is already in place.

XRP: My current idea is that the price is moving in wave c of (B) and as long as the price holds above $0.457, the $0.60 region is an ideal upside target for wave c of (B) in this correction.

#GOLD UPDATE : #GOLD correctively moved upwards and but failing to sustain above the zone. Price did gave a fakeout, so expecting the drop lower supports around $2300 and $2278.

The Bitcoin network is currently experiencing similar contraction in network activity, albeit, with entirely different drivers. In the following sections, we shall explore how the advent of Inscriptions, Ordinals, BRC-20s, and Runes have significantly altered how on-chain analysts should perceive activity metrics moving forwards.

What Are Second-Layer Solutions? A set of solutions built on top of a public blockchain to extend its scalability and efficiency, especially for micro-transactions or actions. Layer-2 or second-layer solutions increase the throughput and transactions per second of a blockchain by creating additional blockspace or recording transactions in a more efficient manner. Examples include Plasma, TrueBit, Lightning Network and more. Why Are Layer-2 Solutions Important? Layer-1 solutions increase a blockchain's scalability and, therefore, its utility. Without them, blockchains often suffer from congestion, slow transaction speeds and high fees. Layer-2 solutions direct transactions away from the mainnet and towards its cheaper and faster alternatives. What Are The Most Popular Layer-Two Solutions? There are several popular layer-2 solutions for blockchains like Bitcoin and Ethereum. Lightning Network The Lightning Network is a second-layer solution for the Bitcoin blockchain. It allows for much higher transaction speeds and near-instant settlements of payments at quasi-zero costs. The Lightning Network enables users to open channels between parties, where they can send Bitcoin without settling the transaction on the mainnet. Upon closing the channel, the final state is broadcast to the Bitcoin mainnet. Optimistic Rollups Optimistic Rollups are second-layer solutions for the Ethereum blockchain. They process transactions off-chain before publishing a compressed version of the new state of the blockchain to the mainnet. Cryptographic proofs check the accuracy of optimistic rollups. Optimistic rollups greatly reduce gas fees. The Optimism protocol uses them to scale Ethereum. Learn more in our article How to Use Layer-2 Rollups to Avoid Gas Fees. ZK-Rollups Zero-knowledge rollups also reduce gas fees while improving transaction speed. They submit cryptographic proof of the veracity of unprocessed transactions without knowing the content of the transactions. This allows the mainnet to process more data and improve the utility of the blockchain. Learn more about ZK-rollups in our article What Can Zero-Knowledge Technology Do for Scalability? Sidechains Sidechains are separate blockchains that process transactions faster and leverage the security of the main blockchain to secure transactions. An important sidechain layer-2 for Ethereum is the Polygon ecosystem.

ADA: The price is currently under downward pressure but I am not worried until the price breaks below $0.29. A potential bullish trend continuation might occur following a five-wave rally that peaked in March 2024. The crucial price level to watch is $0.29; staying above this level supports bullish scenarios, while falling below it weakens these prospects. In recent months, the price has moved sideways, and a break to the downside suggests a decline to $0.36-$0.38. The chart would benefit from one more low, potentially triggering a robust upward movement as part of a third wave. However, it's prudent to remain cautious until the price confirms a low in wave 2 by forming a first 5-wave upside impulse on a smaller time frame.

BRETT: The price has broken above the previously mentioned trend line, which is a first upside breakout signal. However, for a more solid confirmation that wave iv is complete, I need to see a 5-wave move that targets $0.178+.

#BTC/USDT ANALYSIS Bitcoin is currently consolidating within a symmetrical triangle pattern and trading above the Ichimoku cloud, which is providing support. A bounce from the support trendline of the triangle is anticipated. A breakout from the triangle would signal bullish momentum, while a breakdown could lead to a market correction.

#ALTS MARKET CAP ANALYSIS The ALTS market cap has successfully retested above the symmetrical triangle and is currently rebounding, exhibiting bullish momentum. It is now breaking through the Ichimoku cloud resistance barrier. A breakout above the Ichimoku cloud would strongly confirm this bullish momentum. As long as it remains above the triangle, a continued bullish rally is anticipated.