Top Analyst Reveals 7 Altcoin Picks for July: Includes PEPE, ONDO, PENDLE, and Others

Top Analyst Unveils 7 Altcoin Picks for July

Leading crypto analyst Miles Deutscher has identified seven promising altcoins for July. In a YouTube video, he explained his choices and provided supporting insights.

Historical Context

Historically, June has witnessed negative Bitcoin performance, while July has been more favorable. However, Q3 has been the weakest quarter for the crypto market.

Influencing Factors

Factors that could impact the market in July include:

• Ethereum ETF launch
• Potential political changes
• FTX's $16 billion distribution

Current Market Sentiment

Despite these factors, the general market sentiment suggests apathy, indicating potential for future buying interest.

Analyst's Top Picks

With this in mind, Deutscher shares his top altcoin picks for July:

Altcoin Focus

• Ethereum (ETH): Pivoting off a key level, ETH may benefit from an upcoming ETF listing.
• Pendle (PENDLE): Oversold with strong fundamentals, PENDLE is a potential buy-in at $4, with a possible re-entry at $3.20.
• Ondo (ONDO): Potential long opportunities around $1 and scalp trades if the uptrend continues.
• Pepe (PEPE): Strong support at $0.00001080, with growth prospects as a leading meme coin.
• Solana (SOL): Accumulate during pullbacks, viewing SOL as a significant portfolio holding.
• Everclear (EVER): Focus on liquidity fragmentation, considered a long-term accumulation.

Niche Market Narratives

AI Coins:

• Bit Tensor (BTT): Leading AI coin with potential for growth.
• Other AI Plays: Prime (PRIME) and similar projects are seen as having significant potential.

Analyst's Trading Strategy

Deutscher emphasizes the importance of buying at critical supports and selling at resistance. He also recommends buying during bearish sentiment and taking profits during bullish peaks.