Analyst Cheeky Crypto recently opened up about the current state of Bitcoin’s trading range. He noted that Bitcoin is currently trading within a tight range, with support at the 50 EMA (Exponential Moving Average) and resistance at the 50 SMA (Simple Moving Average).
He pointed out that volume profiles had been dropping during the ranging market, which gave him confidence in expecting a small push up to $45,000 before a potential downward move.

Cheeky Crypto explained that he anticipated a further move to the downside based on the positioning on the stochastic RSI (Relative Strength Index). He predicted that Bitcoin might test the 50 EMA again and said that the 200 EMA was additional support if the 50 EMA is breached.

Regarding potential breakout scenarios, Cheeky Crypto discussed the possibility of a move to the upside, targeting around $45,000. He described the current phase as a continuation pattern, suggesting that a breakout to the upside is likely once the range is completed.

Also Read: This New Altcoin Can Turn $1,000 to $20,000 : Analyst Reveals Hidden Gems

The analyst indicated that while there might be volatility and resistance around the $43,500 to $44,000 range, he anticipated a breakout situation. He outlined potential targets and fair value gaps that could be tested and filled during the upward movement.

Cheeky Crypto also examined various indicators across different time frames, including hourly, daily, and weekly. He pointed out key support and resistance levels and indicators, such as the stochastic RSI and the Relative Strength Index (RSI) to assess momentum and potential price movements.

Solana bull who bought SOL at $8 reveals new Altcoin with similar potential in 2024

In the landscape of cryptocurrency, the quest for the next big thing never ceases. For those who witnessed the meteoric rise of Solana (SOL) and capitalised on its early success, the search for the next game-changer is always on the horizon. In this article, we delve into the insights of a seasoned Solana bull who famously bought SOL at $8, uncovering their latest revelation: a new altcoin with similar potential poised to dominate in 2024.
Drawing from their expertise and foresight, we explore the unique qualities and promising trajectory of this altcoin, offering investors a glimpse into the future of crypto. As the crypto community eagerly awaits the next Solana-like success story, join us on this journey as we uncover the hidden gems and untapped opportunities that lie ahead in the ever-expanding universe of digital assets.

The Solana Effect: A Testament to Growth Potential
For those who rode the Solana (SOL) wave early, the rewards have been staggering. With SOL soaring from a humble $8 to a staggering $98.88, early investors have seen a remarkable return on investment (ROI) of 1136%. Now, one such Solana bull has set their sights on a new contender: Retik Finance (RETIK)

Introducing Retik Finance (RETIK): The Rising Star
Amidst the fervour surrounding Solana’s ascent, Retik Finance emerged onto the scene just two months ago, sparking intrigue with its ambitious goals and promising fundamentals. Despite its relative youth, the project has wasted no time in making its mark, achieving a remarkable ROI of over 333% during its presale stage. With over $20.28 million raised and 295,657,763 Retik tokens sold, Retik Finance has swiftly garnered attention for its potential to emulate Solana’s success.
At its eighth presale stage, Retik Finance offers tokens priced at $0.10 each, providing an accessible entry point for investors eager to capitalise on its growth potential. The project’s rapid success can be attributed to factors such as a rigorous security audit conducted by Certik, instilling confidence in the integrity of the platform. Moreover, its presence on leading cryptocurrency platforms like CoinMarketCap and CoinGecko has amplified visibility and fostered community engagement.

As Retik Finance prepares for its official launch scheduled for Q3 2024, anticipation among investors continues to mount. Strategic listings on two major centralised exchanges further underscore confidence in the project’s trajectory and market viability. However, beyond the allure of potential profits, Retik Finance offers a compelling value proposition aimed at addressing real-world challenges and driving broader adoption of digital assets. However, projections for Retik Finance in 2024 are optimistic, with forecasts suggesting potential gains of up to 7000%. While such projections may appear ambitious, the volatile nature of cryptocurrency markets, coupled with strategic timing and broader market sentiment, creates a conducive environment for significant price appreciation. As investors await the official launch of Retik Finance, excitement and speculation abound regarding its potential to rival the success of Solana.

Empowering Financial Autonomy with DeFi Solutions
Cryptocurrencies are revolutionising the global financial landscape, and Retik Finance is at the forefront of this transformation. With its innovative decentralised finance solutions, the project aims to decentralise the banking sector, empowering individuals and businesses worldwide. Through its ecosystem comprising the Retik Wallet, DeFi Debit Cards, and Retik Pay, the platform facilitates seamless cryptocurrency transactions, promoting financial autonomy and privacy.
Conclusion: Eyes on the Horizon
As we conclude our exploration into the realm of cryptocurrency investing, guided by the insights of a seasoned Solana bull, we are left with a sense of anticipation and excitement for what lies ahead in 2024. The revelation of a new altcoin with comparable potential to SOL serves as a testament to the ever-evolving nature of the digital asset landscape.

As investors navigate the complexities of this dynamic market, the quest for the next Solana-like success story continues unabated. With a keen eye and strategic foresight, opportunities abound for those willing to venture into the realm of emerging altcoins. As we look towards the future, fueled by the lessons learned from SOL’s remarkable journey, we stand poised to embrace the potential of new innovations and technologies that promise to reshape the crypto landscape once again.

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