Crypto analysts are pointing to historical patterns to suggest the massive weekend #liquidation event may have created conditions for a major #altcoin rally, potentially marking the start of altseason 3.0.
Market researcher Bull Theory noted that every major crypto expansion has included sharp resets ranging from 30% to 60%. The March 2020 pandemic crash wiped nearly 70% off markets, while May 2021 saw over 50% erased.
At least five additional 30% to 40% altcoin slumps occurred during the previous bull market cycle. Each of these downturns was followed by the strongest rallies of the cycle, despite appearing catastrophic at the time.
Weekend losses hit altcoins particularly hard, with XRP$XRP dropping at least 18%, SOL$SOL falling 22%, DOGE$DOGE declining 28%, and LINK$LINK down 26% in a single day. The pattern mirrors previous market resets before significant rallies.
Analyst Ash Crypto recalled that after the March 2020 flash crash, #altcoins pumped between 25x and 100x during the subsequent altseason. He believes similar price action will repeat following the recent market flush
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