ALTS: A Brutal Altseason Is About to Begin! 🚀🚀
The altcoin market cap has just touched its 1-week MA200, aligning perfectly with the bottom of a 2.5-year Channel Up. This marks the completion of a -57.89% decline from the most recent high—identical to the drops that formed the bottoms on August 5, 2024, and December 26, 2022.
Adding to the bullish setup, the 1-week RSI is nearing its 2-year support. If the market moves symmetrically, altcoins could see a rapid surge to 575B (+199.05%). However, if the structure mirrors the June 2023 - March 2024 bullish wave, we may witness an even more explosive rally toward the 2.0 Fibonacci extension at 865B.
Get ready for an intense altseason!
🔥 Follow, like this idea, and drop your thoughts in the comments! 🔥
The altcoin market cap has just touched its 1-week MA200, aligning perfectly with the bottom of a 2.5-year Channel Up. This marks the completion of a -57.89% decline from the most recent high—identical to the drops that formed the bottoms on August 5, 2024, and December 26, 2022.
Adding to the bullish setup, the 1-week RSI is nearing its 2-year support. If the market moves symmetrically, altcoins could see a rapid surge to 575B (+199.05%). However, if the structure mirrors the June 2023 - March 2024 bullish wave, we may witness an even more explosive rally toward the 2.0 Fibonacci extension at 865B.
Get ready for an intense altseason!
🔥 Follow, like this idea, and drop your thoughts in the comments! 🔥
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BNB
599.62
-0.91%
THE
0.2845
-0.45%