Amid falling crypto prices, seasoned crypto analyst, Jamie Coutts has words of reassurance for crypto supporters worldwide. And he’s backed them up with some compelling evidence. If he’s correct, here are 4 hot tokens that could soar.
Coutts took to X to share various signals suggesting that the crypto market is bottoming out and, therefore, primed for the next bull run.
This month’s crypto flush resulted in the highest 365-day new low (NL) reading since mid-2024. While not a definitive bottom signal, it suggests a bottom is forming. Focus on assets that outperformed over the past year and during this recent pullback.
The first of many bullish signals is a possible reversal forming on the TOTAL2 chart, which shows the combined market cap of all crypto assets, excluding $BTC and stablecoins.
Another positive signal, according to Coutts, is the increasing adoption of Bitcoin, which he says ‘is finally being recognized as the safe harbor asset it was destined to be.’
