Miles Deutscher, a well-known cryptocurrency analyst and trader, shared his weekly token and trend watch list on Twitter.
According to Deutscher, Bitcoin (BTC) It is showing signs of strengthening as it bounced off the key $25,000 support level and saw a large increase in open interest. Deutscher stated that the price movement could be related to a possible ETF approval and asked for close monitoring.
The analyst also Stacks(STX), Bitcoin Cash (BCH) And eCash (XEC) He said that his coins may be positively affected if Bitcoin dominance increases, but they are quite risky.
Deutscher as the next coin to watch Arbitrum listed. Reminding that a large amount of ARB coin was transferred to the stock exchange last week, Deutscher stated that the 50 million ARB incentive program, which we also mentioned as Bitcoinsistemi.com, could have a positive impact.
Next on his list LINK Deutscher, who owns the token, said that the token follows an accumulation model on its chart and argued that it shows signs of relative strengthening.
Last on analyst’s list Radiant Capital (RDNT) token was included. Deutscher reminded that the mainnet launch will take place within two weeks in the token’s road map. He also said that the RDNT token will benefit from the 50 million ARB that has been launched for distribution in the Arbitrum ecosystem.
*This is not investment advice.
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