A popular crypto analyst nicknamed Rekt Capital says it’s time for altcoins to take off. In this context, the analyst predicts that a blue-chip meme coin will be a strong runner in this process. Elsewhere, according to economist Henrik Zeberg, the dollar’s weakening will breathe new life into cryptos. Zeberg says he will keep an eye on one altcoin in the crypto rally.

“DOGE has fully confirmed the macro Bullish Trend!”

Cryptocoin.comAs you have been following the market, the market has been going back and forth. While the market has yet to set a direction, analysts advise being prepared for the future. In this context, the analyst pseudonym Rekt Capital says that the OTHERS chart, which tracks the market capitalization of all cryptocurrencies except the 10 largest digital assets, is potentially poised for a jump from the $250 billion level.

Rekt Capital, which also looks at certain altcoins, is hopeful about the future of Dogecoin (DOGE). The analyst notes that DOGE retested a healthy $0.12 level. However, he says it then officially confirmed the macro bull trend. The analyst’s chart shows that the next major resistance levels are $0.20 and $0.278. In this context, the analyst makes the following statement:

Dogecoin made a +30% rebound after successfully retesting the combined support area, which is the blue Macro Bearish Trend and the black Low Range (orange circle area). The Macro Bear Trend has ended. However, this fully confirmed the new Macro Bullish Trend.

Source: Rekt Capital

Henrik Zeberg has his eye on this altcoin project!

Economist Henrik Zeberg says the dollar’s weakening will be the catalyst that breathes new life into crypto assets. Zeberg says lower bond yields and a weakening dollar index (DXY) will create a “great environment” for risky assets like crypto. The analyst noted that he has his eye on Jasmy Coin (JASMY) to join the crypto rally. Jasmy is a blockchain-based personal data storage project. Zeberg shares the following assessments:

I think the drop in DXY and yields will create a great environment for crypto in the final phase of this risky asset bull market. I think the next phase for jasmy is the third wave! Then wave four (with DXY bouncing) towards summer (and then late summer) with final support in early Fall. The target could be “only” $0.3… but for now, the above is my main thesis. I am JASMY-FATHER!

Source: Henrik Zeberg

Focusing on JASMY’s technical data, Zeberg says that the moving average convergence divergence (MACD) and relative strength index (RSI) indicators are in the process of turning bullish on the daily chart. Accordingly, Zeberg says

MACD is bullish. RSI breaks the downtrend. We have seen this before….. just before the 400-500% rally. I expect the move to be bigger this time Does everyone agree?

Source: Henrik Zeberg