CandleFocus Here’s why the crypto Altseason could start tomorrow
2024-11-23
Author: Content Editor
Crypto traders are anticipating an "altseason" as Bitcoin flirts with $100,000 and Jim Cramer recommends buying. In previous cycles, altseasons have occurred when money rotates from Bitcoin into altcoins after significant breakouts. Sunday, November 24, marks the third consecutive week above Bitcoin's last weekly candle's high, which has historically signaled the start of an altseason. Altcoins like Solana, Ripple, Cardano, Algorand, Hedera, Near Protocol, and Sui Network have already started surging, outperforming other projects. Bitcoin dominance is currently at 59.30% and a drop below the 59.50% moving support could confirm the altseason start.
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