Analyst: Short-term bullish trends expected for major coins

• BTC’s short-term trend is rising, but must maintain 50% level.
• ETH’s recent short-term peaks serve as fresh foundations.
• Analyst predicts short-term bullish trend for RNDR, challenges for Solana.

In his most recent YouTube installment, Analyst Michael Pizzino delved into the short-term performances of major coins, including BTC and ETH, and shared his insightful predictions for these tokens. The video titled “Bulls TRAPPED In Crypto Pump?! Watch THIS Bitcoin Signal” showcases the analyst’s swift analysis of BTC, Ethereum, RNDR, SOL, MATIC, ADA, and other notable players in the market.

According to Pizzino, Bitcoin’s immediate trends are rising, and the outlook appears satisfactory in the short run. Nevertheless, the analyst emphasizes that BTC must maintain the trend line at the 50 percent level for the bullish market story to remain intact, which coincides with various previous lows. Pizzino maintains his optimistic short-term position and cautions that his stance will be nullified if the price falls below the $26,600 threshold.

According to the analyst, ETH is in a more robust position than it was yesterday. Pizzino notes that the recent short-term peaks are now serving as fresh foundations. However, the analyst cautions that a potential red flag for ETH would be a breach of the $1840 support level.

In addition, Pizzino expresses a positive outlook on RNDR, anticipating a short-term bullish trend and noting its heightened volatility compared to other markets. The shorter-term time frames continue to show upward trends for RNDR. Conversely, despite its short-term upward trends, Solana is facing challenges at the $20 price point. Meanwhile, MATIC is maintaining its position, albeit with brief bearish signals. Lastly, ADA remains steady, yet to fully embrace a bullish narrative. These insights from the analyst provide valuable perspectives for investors seeking to navigate the current market conditions.