Analysts believe that now is a good time to buy altcoins before the market surges to new highs. A technical pattern on the weekly chart suggests a bullish reversal, indicating that this could be the last chance to buy altcoins at lower prices. The altcoin market has been experiencing price declines recently, but analysts view this as a buying opportunity. They have identified a "cup and handle" formation, which is a bullish indicator, on the weekly chart. If a breakout occurs, the market cap could reach around $1.2 trillion. However, some specific altcoins, such as Dogwifhat (WIF), Pepe (PEPE), and Fantom (FTM), have experienced price drops and decreased market caps, potentially influenced by selling pressure or profit-taking. Nonetheless, trading volume for these altcoins has increased, suggesting continued interest despite the price declines. It is important to note that this information is for informational and educational purposes only, and readers should exercise caution before making any investment decisions.
- Content Editor ( coinedition.com )
- 2024-10-26
WIF, PEPE, FTM: Analysts Predict Altcoin Market Breakout, Urge “Buy the Dip”