Key Takeaways
- Crypto analyst Bluntz identifies bullish signals for altcoins amid Bitcoin dominance (BTC.D) divergence.
- Bonk (BONK), a Solana-based memecoin, shows potential for a 2x price surge after breaking a key trendline.
- Similar Solana memecoins like Useless Coin (USELESS) exhibit strong upward momentum.
Bitcoin Dominance Divergence Signals Altcoin Season
Prominent crypto trader Bluntz (@Bluntz_Capital) has detected a bearish divergence on the Bitcoin Dominance (BTC.D) chart—a critical indicator that historically precedes altcoin rallies.
What this means:
- BTC.D measures Bitcoin's share of total crypto market capitalization
- Current BTC.D reading: 65.34% (showing slight decline)
- Bearish divergence occurs when price makes higher highs while momentum indicators (like RSI) show lower highs
"This setup typically indicates capital rotation from Bitcoin into altcoins," explains Bluntz. "We're seeing the technical foundations for an altcoin breakout."
Bonk (BONK) Price Analysis: 2x Potential
The trader highlights Bonk as a prime candidate for substantial gains:
Technical Observations:
✅ Breakout from 5-day ascending trendline
✅ Current price: $0.00001614 (9.7% 24h gain)
✅ Next resistance levels: $0.000025–$0.00003 range
👉 Why Bonk could lead the next Solana memecoin rally
Emerging Solana Memecoins to Watch
1. Useless Coin (USELESS)
- Current price: $0.248 (7.6% 24h dip)
- Market cap: $247.5 million (#256 ranked crypto)
- Price target: $0.50 based on trend continuation
2. Other Solana-Based Contenders
Bluntz notes increased activity across similar tokens, suggesting broader memecoin momentum on Solana's ecosystem.
FAQ: Understanding the Altcoin Opportunity
Q: Why does BTC.D divergence matter?
A: It signals shifting investor preference from Bitcoin to riskier altcoins, often marking the start of "altseason."
Q: What makes Solana memecoins special?
A: SOL's low fees and high throughput make it ideal for speculative trading—a key driver of memecoin activity.
Q: How long might this altcoin rally last?
A: Historically between 4-12 weeks, but monitor BTC.D weekly closes for trend confirmation.
👉 Essential tools for tracking memecoin trends
Final Thoughts
While memecoins carry higher risk, their volatility creates unique trading opportunities—especially during technical setups like the current BTC.D divergence. Always DYOR (Do Your Own Research) before investing.
Note: All prices accurate as of July 4, 2025.