## Bitcoin Breaks 90K, Altcoins Enter Reversal Window



At the start of the new year, market sentiment reversal has become the focus. Bitcoin has surged to $90,410, making the previous $89,000 target a thing of the past. Driven by mainstream coins, the altcoin sector shows clear signs of vitality, with several popular tokens recording double-digit gains in the past few hours, offering a glimmer of hope for long-term trapped investors.

## From Despair to Expectation: The Turning Point of Market Sentiment

After weeks of downturn, investors are迎來 a long-awaited rebound opportunity. Ethereum has stabilized at a high of $3,110, and Bitcoin breaking through $90,400 has shattered previous pessimistic expectations. Most notably, high-risk tokens like meme coins are also becoming active, which usually indicates that market risk appetite is recovering.

For long-term bullish investors, the current rebound, though limited in scope, carries significant signaling— the market is emerging from extreme pessimism.

## PEPE Coin: Can Short-term Rebound Hold?

PEPE coin performed remarkably today, rapidly rising from $0.00000412, with a daily increase of up to 20%. After a long period of decline, such a rebound is indeed not easy.

The key is whether it can hold above $0.00000487. If it can stabilize at this level, it may retest $0.00000570, paving the way to challenge the $0.00000939 to $0.00001221 range. However, investors should remain cautious, as the typical oscillation and shakeout risks during rebounds still exist.

## ADA: Can the 83-day Downtrend Truly Reverse?

Cardano(ADA) experienced a heartbreaking 83-day decline, hitting a low of $0.2753 on October 10. Recently, it has shown signs of a slight rebound. The current price is around $0.39, with intraday gains exceeding 7%, but whether this indicates a true reversal still needs observation.

To confirm the end of the downtrend, a breakthrough of the key level at $0.5453 is necessary. Before that, even if holding the $0.385 support and challenging $0.4845, it may only be a brief respite before a significant decline. Entering the market too early carries considerable risk.

## SHIB: The Mystery of the Bottom

Shiba Inu(SHIB)'s experience is the most tragic—almost no respite throughout 2024. After losing the Q3 support at $0.00002063, the price fell to $0.00000960. Although it briefly broke through resistance at $0.00002952 at year-end, the subsequent selling pressure remained fierce.

In mid-October, it hit a low of $0.00000689, then created a new low at $0.00000687. Yesterday, it attempted to rebound to $0.00000754 but failed to close above $0.00000829, indicating the rebound is still in testing stages. Similar rebounds appeared in early December but were ultimately crushed by selling, leading to recent new lows.

## Investment Strategy: Wait for Confirmed Signals

While the current rebound is promising, do not rush to buy the dip. When tokens are severely oversold, the most prudent approach is to wait for genuine upward momentum to start before entering, as this often offers greater profit potential.

Focus on whether the closing price can stabilize above previous resistance zones, which will be an important reference for judging the right entry point. The altcoin rebound window may have opened, but confirmation signals still require time.
BTC4,55%
ETH7,7%
PEPE16%
ADA9,29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)