In a market update on August 19 titled \u201cKey Altcoins To Watch Right Now,\u201d crypto analyst Cryptoinsightuk argues that conditions are improving for a fresh leg higher in altcoins as Bitcoin dominance shows signs of easing. \u201cThe last few days and in the newsletter I\u2019ve discussed my long-term thesis around Bitcoin dominance dropping [and] that altcoins are going to take the next leg up,\u201d he said, adding that, at current levels across majors, \u201crisk\u2013reward for long positions is very good here.\u201d<\/p>\n
He anchors the view<\/a> in a recurring intraday structure he says is visible across Bitcoin and multiple large caps: a range forms, the lows are swept, the highs are swept, price returns to the range lows, and momentum begins to base. On Bitcoin specifically, he notes that \u201cRSI on [the] 4-hourly looks like it could turn up,\u201d while acknowledging that short-term direction could still be shaped by the US equity open and broader macro headlines.<\/p>\n Avalanche<\/a> (AVAX) tops his tactical list. He outlined a limit-bid plan at $22.75, citing a local liquidity pocket down to roughly $22.70, while emphasizing that the more material liquidity sits overhead: \u201cThere\u2019s more dense liquidity above us all the way up to $27\u2026 on the daily\u2026 up to about $28.4, even towards $30 for AVAX.\u201d He framed the trade as asymmetrical because \u201cif we don\u2019t get [the fill] then that\u2019s fine,\u201d whereas a push into the upper liquidity bands could accelerate.<\/p>\n Dogecoin (DOGE) is his highest-conviction swing. He disclosed two concurrent longs\u2014one in a DOGE perpetual and one versus USDT\u2014with an average entry around $0.225\u2013$0.227 and modest leverage on the larger position. The technical map, he argued, has already progressed through the stop-sweep and retest phase: \u201cWe had this range\u2026 we swept the lows and\u2026 back-tested this\u2026 little cluster here, bounced off it as support so far.\u201d<\/p>\n In the near term, the crypto analyst is watching the reclaimed range floor as resistance that must flip; beyond that, he sees \u201cmuch more dense\u201d resting liquidity above current price \u201call the way up to about 30 cent,\u201d with a broader discussion zone in the mid-$0.40s: \u201cWe\u2019ve got red liquidity all the way up to 47 cent, and when we\u2019re up to that level, I\u2019ll start to consider maybe deleveraging.\u201d<\/p>\n His longer-term target framework references Fibonacci extensions: \u201cMy take profits [are] at the 1.618 fib\u2026 all the way at like $1.19,\u201d while stressing he would adjust sizing \u201cdepending on what the market looks like at some of these different levels.\u201d<\/p>\n Cryptoinsightuk also flagged what he called a sentiment-sensitive Fartcoin long carried with higher leverage. The stake is intentionally small given volatility\u2014\u201cwe\u2019re 10x on Fartcoin, so we could get liquidated if we come down to like 86 cent\u2026 81 cent I think is a liquidation\u201d\u2014and intended only for a move back to range highs.<\/p>\n On XRP, the crypto analyst describes a similar range-construction to DOGE and AVAX with an initial target at the top of the band. \u201cPrimary target would be like this top of the range\u2026 structure is similar,\u201d he said, noting that his focus there remains on reactions as prior highs and visible liquidity are approached.<\/p>\n Cardano also made the list with visible liquidity around prior swing highs \u201cup here at this $1\u2013$1.10,\u201d implying a first checkpoint near the $1.10 area, with continuation risk skewed to the upside \u201conce you get to that swing high.\u201d<\/p>\n He devoted more structural nuance to Flare (FLR), calling out a potentially completed or developing corrective sequence that could seed a stronger impulse. \u201cThis could be the start of an impulsive move. This could be one, two, three, four, five. This could be like an ABC correction or W-X-Y-Z\u2026 triangle\u2026 in wave twos\u2026 which could then obviously lead to a wave three which would be quite aggressive,\u201d he said, framing FLR as an \u201cinteresting structure\u201d rather than a call for immediate participation.<\/p>\n Ethereum, he argued, is trying to repair short-term trend signals even as a nearby liquidity pocket lurks below. \u201cETH is trying to break this short-term downtrend\u2026 challenging this key cluster\u2026 You can see\u2026 bullish divergences on the hourly time frame,\u201d he said, citing a sequence of lower lows in price against higher lows on RSI. That constructive micro-setup underpins his broader positioning stance: if Bitcoin rotates to the top of its range and retests all-time highs, \u201cyou\u2019re probably going to see the most aggressive part of the cycle move when you enter price discovery<\/a>.\u201d<\/p>\n He rounded out the watchlist with Mantle (MNT), noting he holds a spot allocation and would consider taking profits near $2 if a clean range break materializes. \u201cMNT is at the top of a range\u2026 if we do get that range break, it could be quite an aggressive move to the upside. I will be taking profits maybe around the $2 mark,\u201d he said.<\/p>\n At press time, ETH traded at $4,175.<\/p>","protected":false},"excerpt":{"rendered":" In a market update on August 19 titled \u201cKey Altcoins To Watch Right Now,\u201d crypto analyst Cryptoinsightuk argues that conditions are improving for a fresh leg higher in altcoins as Bitcoin dominance shows signs of easing. \u201cThe last few days and in the newsletter I\u2019ve discussed my long-term thesis around Bitcoin dominance dropping [and] that […]<\/p>\n","protected":false},"author":0,"featured_media":89828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89827"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89827"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89828"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Top Altcoins To Watch In Crypto Right Now<\/h2>\n