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09.01.2025
VeChain Is Suffering on Rising Borrowing Costs

VeChain (VET) has fallen 12.7% this week, trading at $0.0445, underperforming the broader cryptocurrency market. Bitcoin (BTC), the leading cryptocurrency, has declined by 5.6% to $93,220, with bearish momentum building as it approaches key support at $89,000-$91,000. This decline is largely attributed to tightening monetary conditions in the United States, which continue to weigh on risk assets. Investor confidence is further shaken by significant net outflows from spot BTC-ETFs, which lost $583 million on Wednesday, marking the second-largest single-day outflow on record.

If BTC falls below the critical support level of $89,000-$91,000, VeChain is likely to extend its losses, with prices potentially declining another 10% to $0.0400. A sustained drop in BTC could push VET even lower, towards $0.0300. Conversely, a strong rebound in BTC prices to the $100,000 level could drive VET back up to $0.0500, representing a recovery of approximately 12% from current levels.

23.01.2025
Ontology Is Sliding Towards $0.2000

Ontology (ONT) is down 2.3% this week, trading at $0.2176, in line with the broader crypto market where Bitcoin (BTC) has declined 2.0% to $101,632. While the new U.S. administration has made some strides toward fairer crypto regulation, Donald Trump has remained silent on the highly anticipated issue of adding Bitcoin to U.S. federal reserves.

Market speculation is rampant, with figures like BlackRock CEO Larry Fink suggesting Bitcoin could surge to $700,000 per coin if sovereign wealth funds begin accumulating. Other forecasts predict Bitcoin reaching $250,000 by year-end. While such projections could foster optimism, the lack of decisive action or announcements regarding U.S. crypto reserves is weighing heavily on the market.

For Ontology, the situation remains bearish. Having breached the critical support at $0.2500 last week, the token is now approaching the $0.2000 level. A failure to provide clear evidence or statements about U.S. federal crypto reserve plans could see ONT fall even further, breaching the $0.2000 mark and deepening its losses.

14.01.2025
Merck Becomes Interesting to Be Added to a Portfolio

Merck & Co (MRK) stocks have shown signs of becoming a compelling buy opportunity. Over the past six months, the stock has been in a downtrend, declining 29.8% to $94.50 per share. However, since mid-November, MRK has demonstrated a reversal of momentum, rebounding by 10.0% to reach $104.87 on December 5. Following a brief pullback and consolidation period, the stock has retested the downtrend resistance and appears poised to continue its upward trajectory.

With prices currently positioned to target $110.00, this represents a potential 9-10% upside from the present levels. Setting a stop-loss at $93.50 aligns with a prudent risk management strategy, providing protection against further downside while allowing for upside potential. The recent consolidation phase further supports the case for a breakout, making this an attractive moment to consider initiating or adding to a position in MRK.

14.01.2025
Tezos Is Seen Hodling above $1.200

Tezos (XTZ) has declined slightly by 0.2% this week, trading at $1.249, following Bitcoin’s (BTC) drop to $89,158, which triggered widespread altcoin sell-offs due to concerns of a potential further decline in BTC to $80,000. However, Bitcoin managed to hold above the critical support level at $89,000-$91,000, offering some relief to the broader crypto market.

Speculation about a shift in U.S. trade policy has provided additional support to crypto assets. Reports suggest the new U.S. administration may pursue a gradual increase in tariffs rather than an abrupt hike, which could help alleviate inflationary pressures and lead to a less aggressive monetary stance from the Federal Reserve.

This development is a positive signal for the cryptocurrency market and may help Tezos maintain its position above the key support level of $1.200.

16.01.2025
Delta Is Taking Off To Update Its Highs

Delta Air Lines stock rose markedly by low double digits in the first ten days of the new year. The U.S. carrier has served more than 200 million customers in 2024, when it was also recognized by J.D. Power, a leading American data analytics and consumer intelligence company, for being No. 1 in First/Business and Premium Economy Passenger Satisfaction. Travelers became more willing to spend extra money for swanky seats when meeting a high level of service. Delta is just positioning itself as the nation's premium airline. And what's more important, its Christmas quarter's earnings reportedly surpassed average analyst pool projections. Driven by stronger travel demand, smart financial management and capacity discipline, Delta business provided last three-months' profit of $1.85 per share vs $1.28 at the same period one year ago, compared to $1.75 in consensus estimates. On January 10, the airline industry leader put its future profit levels within a range between $0.70 and $1 per share in the current quarter through the end of March, while analyst expectations were focused on $0.77 cents, according to data compiled by LSEG. The starting months of each year always perform worse. It is clear that all carriers made losses in the Covid years of 2020-2022, but Delta profits only recovered into a range from $0.25 to $0.45 in the first quarter of 2023 and 2024, respectively, but Q1 profit numbers varied from $0.75 to $0.96 even in the three blessed years before the pandemic. Delta added that it is forecasting annual earnings in excess of $7.35 a share, which would be the highest in its 100-year history, based on its planned revenue growth of 7% to 9% in the March quarter from a year ago. The announcement could be compared to an adjusted profit of $6.16 a share in 2024. The company happily breaks through ticket prices' rising effects, almost undisturbed by a reduction in airline seats in the domestic market, which was peculiar for most carriers. Thus, new expectations created a fertile ground for setting new price records, even though price movements on Delta charts look most convincing among its other American rivals.

By the way, Citigroup analysts freshly updated their outlook on Delta Air Lines shares to raise their price target to $80 from the previous $77, vs the actual range around $65 per share where the stock just came after a reasonable market correction from last week's and all-time highs. Citigroup said it has included factors like higher revenue per available seat mile, projections of slightly lower fuel prices, increased taxation, a minor rise in share count, and the incorporation of fourth-quarter 2024 results into their financial model, which has projected Delta's profit at $7.49 per share in 2024 and $8.72 in 2025. Delta shares are Buy-rated at Citi, and we agree with their positive estimates in general, while keeping in mind even better price goals somewhere between $82.5 and $85.

The Path to $350 Is Clear

A public holiday in the U.S. makes NYSE and NASDAQ trading closed. However, this is a good time to absorb the latest corporate releases, which have arrived just before the last Friday. MongoDB (MDB, +18.34% in a one-day move) and Marvell Technology (MRVL, +9.16%) were the two lucky stocks to shine as a quick response to better-than-projected quarterly numbers and forward guidance. Here we will discuss the first of the two headliners.

MongoDB CEOs reported solid growth based on the AI (artificial intelligence) applications focusing and expanding its flagship cloud database product's, named Atlas, which grew 27% YoY and accounted for 71% of total sales. This $20 billion+ software company that mostly provides support for its source-available database engine MongoDB without using SQL codes to store big data in flexible docs, surprisingly posted EPS (earnings per share) of $0.70, far surpassing analyst poll estimates of below $0.50 on average. This marked a sustainable recovery mood after a rather disappointing forecast at the end of May, which led to the stock's crash from above $350 to below $220 at the time. Right at the moment, a major multi-month resistance at $270 is broken by a more than 7.5% jump to the empty space above, with closing price reaching $290.79 on the last date of August. The coast looks clear, and the way to at least $350 looks open.

Current profit numbers not only look very nice when compared to financial results in the first half of 2023 (at nearly $0.56 per quarter), but also are on the way to repeating $0.86 to $0.93 records on quarterly results in the second half of 2023 after the failure at $0.51 in the first three reporting months of 2024. Meanwhile, the firm's revenue set a new record at $478 million vs $458 million six months ago to show a 12.8% surplus in implementing demand YoY. More importantly, looking ahead MongoDB foresees EPS of $0.65 to $0.68 for Q3, raising its 2025 guidance. An annual EPS for the next year is now expected between $2.33 and $2.47, much higher than the previous market consensus of $2.26, while the company's sales is now re-estimated to $1.92-1.93 billion, which is also 1.0% to 1.5% above the average expectations. However, a growing payback is the most remarkable part of the company’s forecast.

Large investment houses are citing consumption trends improved, operational headwinds subsided, and new business generation segments strengthened. As an example, Piper Sandler increased its price target for MongoDB to $335, with an Overweight rating, also feeling the strong "underlying demand" for the firm's services, and potentially doubling its revenue to between $4 billion and $5 billion over the next three to five years, when the current growth rate of Atlas is "three times faster than the rest of the database industry". Its customer base grew by over 1,500 new customers during the last quarter to reach the whole number of 50,700 business customers all over the world.

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Rafael Quintana Martinez
Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/
Dash Is Seeking a Solid Ground at $20-21 for a Recovery

Dash (DSH) is currently trading at $23.17 this week, holding steady despite a dip to $22.52 per token on Monday. Bitcoin (BTC), after losing 2.0% earlier today and reaching $57,091, managed to recover and move into positive territory with a 0.3% gain, reaching $58,470. However, Bitcoin remains close to a critical support level at $60,000. If it slips further, it could drop by 14.0% to $50,000, potentially causing significant disruption in the crypto market.

September has historically been a challenging month for cryptocurrencies, with an average market decline of 4.5%. Given this, Dash is seeking to establish a strong support level that could bolster its recovery efforts. This crucial support zone is identified at $20.00-21.00 per token. In the event of a broader market downturn, this level is expected to help Dash avoid deeper declines.

2778
Rafael Quintana Martinez
Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/
Fantom Is Struggling to the Upside

Fantom (FTM) is down 17.7% this week, trading at $0.4310, significantly underperforming the broader market. Bitcoin (BTC), by comparison, has dropped 7.2% to $59,450. The precise reasons for the broader crypto market decline remain uncertain, though some traders speculate that it might be linked to the detention of Telegram founder Pavel Durov in France. Although Durov was released on €5 million bail and prohibited from leaving France, the crypto market has yet to show signs of recovery.

FTM has been attempting to break through the resistance of its descending channel but has struggled due to the overall market pressures. The token is currently trying to rebound from the support level at $0.4000, but it remains challenged in surpassing the resistance. On a positive note, the Fantom project team is actively promoting their new Sonic network, with the Fantom Foundation investing $200 million in its development. Should the broader crypto market stabilize, FTM could have a strong chance of breaking through the resistance and exiting its descending channel.

2971
Rafael Quintana Martinez
Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/
Ethereum Is Looking for a Reversal

Ethereum (ETH) has declined by 8.2% this week, currently trading at $2,548, after slightly recovering from a dip to $2,387 on August 28. This rebound has generated some optimism among investors, as the $2,500 support level appears to be holding strong. However, market speculation is rife following reports from Lookonchain that a large whale sold 5,088 ETH at a loss of $3.66 million. This move suggests that the whale might be anticipating further declines in ETH prices.

Given the current market dynamics, the key question is where ETH might head next. If the $2,500 support level fails to hold, the downside scenario could see prices tumbling to $2,000. However, a more realistic scenario may involve ETH seeking a reversal between $2,000 and $2,500 per coin.

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