“Largest Altcoin Bull Run of All Time Is Loading,” Analyst Says as Key Charts Break Out
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Analyst Matthew Hyland says several major gauges have broken year-long downtrends, signaling a potential turning point as altcoins and smaller crypto tokens gain ground against Bitcoin and traditional risk assets. Charts point to rising DeFi and DEX activity and improving token performance, but elevated leverage increases the odds of a painful correction.
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The altcoin market may be approaching a turning point after several major gauges broke out of year-long downtrends, according to analyst Matthew Hyland.
His charts suggest smaller cryptocurrencies are gaining ground against Bitcoin and traditional risk assets, although rising leverage also increases the odds of a painful correction.
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