Trader predicts major crypto move next week, altcoin breakout

Prominent trader Darryl Wang (Eugene Ng Ah Sio), known as 'Pigeon' in the crypto community, has predicted that the crypto market will begin a significant move next week, with many altcoins expected to break out of their sideways trading ranges. Wang explained that Bitcoin appears to have established a floor around the $80,000 mark. He noted that based on current market-wide volume and open interest (OI), most coins can now achieve significant price movements with much less buying pressure than before, leading him to believe the market is still undervalued. For a rally to materialize, Wang stated that Bitcoin needs to cleanly break above $80,000, which would then allow major altcoins like Ethereum (ETH), Solana (SOL), and Hyperliquid (HYPE) to establish a new upward trend. He added that he hopes the market avoids another rejection at key resistance levels.