Altcoins
Here are the tokens that could be the biggest “buy” before an AltSeason
Altcoins rise higher than Bitcoin when the star token goes out of range but at the same time undergoes a prolonged bearish declinesometimes higher than BTC Price trace. In such trading scenarios, market participants should always look for the possibility of starting a long trade as profits tend to remain range bound. However, the ongoing buildup appears to be ending in a short period of time, which could result in the start of a new AltSeason very soon.
The historical trading pattern was found to be in a similar range and hence the trained model also displays a replication of a previous trend. Before each bull rally, the altcoin market cap (total market cap without Bitcoin) faced an accumulation phase after passing the trend reversal pivot zone. So it appears the rally is at the precipice of a massive explosion that could begin at any time in the coming days.
Source: X
The chart above indicates that altcoins are unfolding in an incredibly similar fashion to the start of the 2021 bull run. A similar pattern of an extended accumulation period, a breakout, a final shake-up and then ‘a takeoff. Meanwhile, levels are now awaiting a final rally after demonstrating a similar trend. With this, the possibility of a strong uptrend also emerges in the market with the start of a new season.
Some altcoins, especially memecoins like Pepe, FLOKI, etc., have started to skyrocket and reach new highs. Furthermore, Chainlink is also gaining deserved attention, while other tokens like Ondo, Near Protocol, etc. receive the required attention. Meanwhile, other tokens like Ethereum (ETH), Fantom (FTM), dogwifhat (WIF), and Lido DAO (LDO) appear to have reached their accumulation end. However, whales continue to be more interested in major cryptos like Bitcoin, XRP as well as Chainlink and Ethereum.
Collectively, altcoins appear to have accumulated more strength than Bitcoin and can be used when the BTC price rises above a predetermined range. Only after BTC bulls begin to experience a decline should the AltSeason gain mainstream attention, increasing the prices of the majority of altcoins.
Also discover: Top 3 Reasons Crypto Market Volatility Will Increase: Who Will Regain Dominance: Bullish or Bearish?