Which Altcoins Should Be Selected for the Expected Rally? Analyst Reveals the Criteria He Follows!
While Bitcoin dominance shows a slight decline, renowned analyst Miles Deutcher listed the factors that investors looking to prepare for the altcoin rally should pay attention to.
"Here are the altcoins that are most likely to rise:
Oversold Altcoins: Look for tokens that have significantly dropped or have a lot of short positions.
Strong Narratives: Search for tokens associated with strong stories, such as artificial intelligence or games.
Upcoming Catalysts: Find tokens that stand out due to upcoming events or news.
Technical Indicators: Prefer tokens where technical signals, including key support and resistance levels, indicate an upward trend.
Take note of these criteria and prepare your watchlists. I am already monitoring multiple altcoins.