Altcoin Season May Be Near: Key Technical Signal Emerges
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- Altcoin reversal hinted: Analyst Ash Crypto spots a hidden bullish divergence on RSI, suggesting a potential altcoin season
- Key resistance at $1.06T: Altcoin market cap needs to break above $1.06 trillion to signal a short-term recovery
- Major altcoins down: Ethereum, XRP, and Solana see declines, reflecting cautious market sentiment despite potential reversal signs
The market for altcoins might be in for a start of what’s known as an “altcoin season.” That’s according to Ash Crypto, a respected crypto analyst/trader who’s spotted a key technical pattern.
He points to a hidden bullish divergence on the weekly Relative Strength Index (RSI). For those not deep into charts, such a pattern suggests that even though prices have been down, the underlying momentum is actually building, hinting at a turnaround.
What’s Happening in the Altcoin Market Right Now?
The total value of the altcoin market has been trending downwards since around the mid…
The post Altcoin Season May Be Near: Key Technical Signal Emerges appeared first on Coin Edition.
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