The “Altseason” Signal You Haven’t Been Watching
- Altcoin market cap holds above $250B after shallower 61% retrace from $425B resistance.
- Repeated rejections from $425B show weakening resistance as each correction gets smaller.
- Chart signals a cyclical shift with $315B as next target and key dates set for trend reversal.
The altcoin market cap, excluding the top 10 cryptocurrencies, is showing signs of recovery, with its recent correction being significantly less severe than in previous cycles, according to a new analysis by the respected chart analyst Rekt Capital.
His analysis is based on the weekly chart patterns of the total altcoin market cap, excluding the top 10 cryptocurrencies. This chart currently sits at $281.25 billion, holding above a long-standing support level.
A “Shallower” Correction Signals Market Strength
The core of the…
The post The “Altseason” Signal You Haven’t Been Watching appeared first on Coin Edition.
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The “Altseason” Signal You Haven’t Been Watching
- Altcoin market cap holds above $250B after shallower 61% retrace from $425B resistance.
- Repeated rejections from $425B show weakening resistance as each correction gets smaller.
- Chart signals a cyclical shift with $315B as next target and key dates set for trend reversal.
The altcoin market cap, excluding the top 10 cryptocurrencies, is showing signs of recovery, with its recent correction being significantly less severe than in previous cycles, according to a new analysis by the respected chart analyst Rekt Capital.
His analysis is based on the weekly chart patterns of the total altcoin market cap, excluding the top 10 cryptocurrencies. This chart currently sits at $281.25 billion, holding above a long-standing support level.
A “Shallower” Correction Signals Market Strength
The core of the…
The post The “Altseason” Signal You Haven’t Been Watching appeared first on Coin Edition.
Read More
Arbitrum’s Breakout Failed, but a Key Indicator Says the Rally Isn’t Dead