Are you an Altcoin enthusiast? If so, what we’re about to share will get you excited! The Altcoin market is poised for a bullish season soon. Really? Yes! A prominent crypto analyst known as Mikybull Crypto on X has posted a compelling prediction that a new Altseason is just around the corner. Curious to know more? Let’s dive in!
Why Is Altseason About to Begin?
At the heart of Mikybull’s post is the assertion that the Altcoin market is on the brink of a bullish trend. What supports this bold prediction? Mikybull’s insights are backed by solid evidence: the Altcoin market has recently broken through a significant technical resistance level.
Looking at the chart shared by Mikybull along with his X post, it is evident that the expert’s observation is not baseless. The chart shows that the Altcoin market has broken the downtrend trendline resistance. Generally, when a market breaks this trendline, it is regarded as a strong signal for upward momentum. Considering this fact, it makes sense to expect a new Altseason.
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Altcoin Market Analysis
Examining the Crypto Total Market Cap Excluding the Top 10, we see that the market cap currently stands at $213.535 billion. At the start of the month, it was around $190.399 billion. On September 6, it dipped to a monthly low of $174.958 billion. However, since September 7, the market has shown steady recovery. By September 13, it peaked at $200.471 billion before slightly retreating to $189.607 billion. On September 17, bullish momentum regained strength, pushing the market back upward. Right now, the Altcoin market appears bullish.
In conclusion, the Altcoin market seems poised for robust bullish momentum in the near future. This outlook is not only supported by experts like Mikybull but also reinforced by market data.
Keep an eye on this space—you won’t want to miss what comes next!
