The same market conditions prevail on this chart as with many other altcoins. The low is in. The low has been in for months, since 7-April 2025.
The advance has been happening very slowly and this is good. There will be a point where everything is up "out of the blue." No blue here, no surprise. When you see everything goes up 300% or 500% in a matter of weeks, remember that first the market was sideways for months.
This sideways period is the consolidation-accumulation phase and this phase is when the bulls amass strength. Whales are loading. It takes a while because liquidity is not strong on these pairs so it takes months and months for the whales to be able to inject hundreds of millions into the market. If all the money was injected in a matter of days or weeks, it would be chaos, that's why it takes time for a bullish wave to develop.
This phase can last anywhere between 3-6 months. Some pairs already moved ahead and produced some growth. This growth is corrected, it is just like saying, "Hey calm down, not so fast..." And the exchanges put selling pressure on the market to reduce prices so the whales have more time to accumulate. Retail is always anxious, whales are always patient.
Accumulation can only go for so long. It is like a pressure cooker. Pressure builds up and boom! There needs to be a release, the release here is experienced as a very strong wave of growth.
To be honest, the story is irrelevant, only one thing is relevant if you are here for profits, to make money, to trade; Buy when prices are low and hold. Wait patiently for prices to grow. Sell when prices are high.
Only one thing matters, entry prices and timing.
If you get the right price and the right timing, you will do great. We are witnessing a long-term accumulation phase. It is reaching its end.
Cryptocurrency will grow.
The Altcoins will grow.
Bitcoin is already too strong.
Patience is key.
Thanks a lot for your continued support.
Namaste.
