Predicted ‘Explosive Rally’ for Altcoins: Is the Correction Phase Over for Crypto Coins?
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- Over the weekend, the crypto market began to recover from its largest retrace of the current bull cycle, with Bitcoin and altcoins dropping to levels not seen since February.
- Analysts are optimistic about the future of the cycle, predicting that an altcoin season could be on the horizon.
- Key indicators suggest that the altcoin market cap is preparing for an explosive rally, similar to those seen in 2016 and 2020.
After a significant market correction, crypto analysts are predicting a potential altcoin season. The altcoin market cap is showing signs of a major rally, similar to those seen in previous cycles.
Is The Correction Phase Over?
Crypto analyst and trader MilkybullCrypto shared his belief that the altcoin market capitalization is at an RSI level that could trigger an explosive rally. His analysis suggests that this level is a “reset for a healthy rally,” with similar conditions in 2016 and 2020 leading to significant market surges.
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