CandleFocus Are Altcoins Set To Skyrocket? Analysts Spot Promising Signs!
2024-09-24
Author: Content Editor
Crypto analysts are predicting a potential altcoin season as Bitcoin dominance weakens. The recovery in the Relative Strength Index (RSI) suggests that altcoins are ready for a significant upward movement. The previous altcoin cycle saw a surge in the altcoin market cap, and now a similar RSI pattern is emerging, indicating another breakout could be imminent. Analysts believe that a breakout above the current trend could bring a flood of liquidity into altcoins and lead to a bullish trend. While Bitcoin's dominance weakens, altcoins like Ethereum are performing well, and other altcoins are also experiencing significant gains.
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