๐จ #AltSeason Update: The Calm Before the Storm? ๐จ
Weโve been tracking the dominance chart breakout from its bearish channelโbullish signals for alts. But hereโs the catch: the explosive rally we anticipated is currently on hold.
๐ ๏ธ Key Market Levels to Watch
๐ Others Market Cap Support: $280B โ a critical line in the sand.
๐ฐ Total-3 Support Zone: $830โ$840B โ as long as this level holds, weโre still in a bull market, regardless of the noise.
๐ Whatโs Next for Altcoins?
Sentiment is currently Neutral, but history shows that ALT rallies ignite during Fear/Extreme Fear phases. A dip into the $840B support zone would set the stage perfectly. However, this could mean a potential 20-30% drop in alts before the rebound kicks in.
๐ฅ The Bull Market Isnโt Over!
If we hold the $840B level, February could shine green for the markets.
Unconfirmed Forecast: Based on this scenario, ALT season could ignite in the coming months, setting the stage for a massive rally.
๐ Patience is keyโa healthy pullback now might be the springboard for the next big move. Eyes on the charts, bulls! ๐
