The post This Altcoin Could Be Gearing Up for a Major Bull Run, Says Analyst appeared on BitcoinEthereumNews.com.

Altcoin Analysis One altcoin appears to be forming a strong base for a potential breakout, drawing attention from market watchers who believe a significant price surge may be on the horizon. WAVES may be on the verge of a major price reversal, according to crypto analyst Michaël van de Poppe, who points to a long-standing support zone that’s been holding for over a year. In a recent market update, van de Poppe described the current chart as “beautiful” and suggested that a bullish breakout could be near. According to the analyst, the $1.16 level has acted as a solid support base, with buyers consistently stepping in over the past 12 months. He explained that the key to reversing the current downtrend lies in breaking the descending resistance, something WAVES appears to be attempting. “Uptrends begin the moment a downtrend is broken,” van de Poppe noted, adding that a breakout could trigger a wave of short liquidations and fuel a significant upward move. He referenced a previous breakout that saw WAVES rally to $2.50, implying that a similar or stronger move could follow in the current cycle. As the broader crypto market shows signs of a potential bull run, WAVES may be positioning itself for a comeback. If momentum builds, van de Poppe expects higher price targets in the coming months. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up…

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Filed under: News - @ July 5, 2025 11:26 am