Popular crypto blogger identifies key levels for buying altcoins
Date: 2025-08-29 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
At the end of August, Bitcoin fell below $110,000, and the fear and greed index dropped to 47 points, signaling an increase in caution among market participants. Coin22 notes that the current situation repeats typical summer scenarios: after the speeches of Fed Chairman Jerome Powell, the market first shows growth on news about a possible rate cut, and then corrects towards profit taking. Additional pressure on the market was exerted by large BTC transfers worth about $3 billion, sales by major players and a partial transfer of capital to Ethereum, as well as low liquidity on weekends.
Coin22 predicts that the Fed's rate cut could become a catalyst for a new crypto growth cycle, and a potential return to zero rates in 2025 will be a serious driver for the market. The expert advises investors to take a closer look at promising coins amid the current correction.
Ethereum is showing strengthening amid the weakening of Bitcoin. The coin's share has reached 15% - the maximum over the past year. Funds are actively buying Ethereum, and stocks on exchanges have dropped to minimum levels, which can limit supply and provoke a price increase. Key levels for purchase: $3,800, $3,400 and $3,000.
Solana is attracting the attention of institutional investors, including Pantera Capital, who plan to invest up to $1.2 billion. This can reduce supply on the market and strengthen the asset's position. Key levels: liquidation risk zone $180 and resistance $206-232.
XRP continues to struggle to consolidate above $3, but long-term investors have begun to actively accumulate the coin, investing over $600 million. If the $2.95 mark is maintained, there is potential for growth to $4 and higher.
Chainlink is also receiving support: Bitwise has applied to launch the first LINK-based ETF in the US, and a partnership with Japan's SBI Group and cooperation with global companies are creating additional growth drivers. Key demand levels: $20, $18, and $17.
Stellar, after 100% growth in July, is consolidating at the $0.32–0.27 support, and Sui is maintaining an upward trend, but a rollback to $2.5 is possible.
Coin22 emphasizes that the current correction is an opportunity for long-term accumulation of cryptocurrencies. He recommends focusing on key levels and using price declines for strategic purchases, assessing the prospects for at least several months ahead.
