CandleFocus Altcoin: still bullish or is a price correction coming?
2024-12-05
Author: Content Editor
Altcoins have experienced significant price gains of over 250% in the last 30 days. The 30-day funding rates for altcoins have also reached 9-month highs, indicating increased bullish sentiment among traders. The fate of the current crypto rally, whether it will continue or experience a price correction, is uncertain. Factors such as the funding rate of altcoins need to be considered along with other indicators. Overall, if the funding rate remains between 4-6%, there is no immediate threat of cascading liquidations. Analysts predict price targets for specific cryptocurrencies, including ADA at $3, ETH fluctuating between $3,000 and $4,500, and DOGE reaching $0.50 in the short term.
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