Don’t Panic Sell Your Altcoins. Here’s What the Monthly Chart Shows
- The altcoin market cap closed in on the previous bull run’s peak.
- Crypto users fear that the current altcoin season may be approaching its end.
- Long-term indicators suggest the altseason is in its early stages.
The total altcoin market capitalization surged to $1.56 trillion on Monday, coming within 5% of its previous bull cycle peak before pulling back in the early hours of Tuesday.
The market’s proximity to this major resistance level has caused some panic in the crypto community, with some investors selling for fear of a potential reversal.
A clearer picture from the higher timeframe
Pushing back against this fear, one analyst studying the market has highlighted why he believes the bull run is set to continue.
In his latest podcast, the analyst cited crucial indicators on the higher timeframe, showing that contrary to the expectations of crypto community members, the bull run could still be in the early stages.
Related: ETH and XRP Surpass $BTC in 24h Volume on Binance: Is Altseason 2025 at Hand?
The crypto analyst highlighted several indicators on the monthly altcoins market cap chart that suggest significant momentum in the upward mo…
The post Don’t Panic Sell Your Altcoins. Here’s What the Monthly Chart Shows appeared first on Coin Edition.
Read More
Don’t Panic Sell Your Altcoins. Here’s What the Monthly Chart Shows
- The altcoin market cap closed in on the previous bull run’s peak.
- Crypto users fear that the current altcoin season may be approaching its end.
- Long-term indicators suggest the altseason is in its early stages.
The total altcoin market capitalization surged to $1.56 trillion on Monday, coming within 5% of its previous bull cycle peak before pulling back in the early hours of Tuesday.
The market’s proximity to this major resistance level has caused some panic in the crypto community, with some investors selling for fear of a potential reversal.
A clearer picture from the higher timeframe
Pushing back against this fear, one analyst studying the market has highlighted why he believes the bull run is set to continue.
In his latest podcast, the analyst cited crucial indicators on the higher timeframe, showing that contrary to the expectations of crypto community members, the bull run could still be in the early stages.
Related: ETH and XRP Surpass $BTC in 24h Volume on Binance: Is Altseason 2025 at Hand?
The crypto analyst highlighted several indicators on the monthly altcoins market cap chart that suggest significant momentum in the upward mo…
The post Don’t Panic Sell Your Altcoins. Here’s What the Monthly Chart Shows appeared first on Coin Edition.
Read More