Top Analyst Predicts Altcoin Market to Experience Explosive 3x Growth Within a Week
Key Takeaways:
– Tardigrade predicts that the altcoin market could triple in value if the inverse Head & Shoulders pattern in the $Total2 chart breaks out.
– Rekt Capital expects the altcoin market cap to reach its highest level since early April, aligning with their Ultimate Altcoin Market Cap Game Plan.
– The altcoin market cap is currently around $1.156 trillion, showing a 15% increase over the past two weeks and approaching resistance levels from mid-March.
The altcoin market is showing signs of a potential surge, sparking renewed hopes for an altseason. The total market capitalization of altcoins is currently around $1.156 trillion, which is a 15% increase over the past two weeks. This growth brings the market close to the resistance levels seen in mid-March, when it reached $1.2 trillion.
Renowned crypto trader Tardigrade has made a prediction about the altcoin market, stating that it could triple in value if the inverse Head & Shoulders pattern in the $Total2 (Crypto Total Market Cap excluding Bitcoin) chart breaks out. According to Tardigrade, we are now at the end of the right shoulder, and a breakout is expected in a few weeks based on this pattern.
Tardigrade’s prediction is based on the inverse Head & Shoulders pattern, which is a technical analysis indicator often signaling a potential price rise. This pattern is currently forming in the $Total2 chart, indicating that the altcoin market is approaching the end of the right shoulder and suggesting a possible upward movement. Tardigrade expects this pattern to lead to a breakout within a few weeks, potentially resulting in a significant increase in the altcoin market, possibly tripling its value.
Echoing a bullish stance, Rekt Capital’s analysis supports the idea that the Altcoin Market Cap is on track to reach levels not seen since early April. This aligns perfectly with their Ultimate Altcoin Market Cap Game Plan, which was outlined earlier this year and has been a valuable guide for traders and investors looking to capitalize on market movements.
Despite experiencing ups and downs since early April, the current trend in the altcoin market indicates a recovery and potential new highs. This offers a positive outlook for those waiting for a bullish market. Rekt Capital’s analysis further supports the notion that significant growth is expected in the altcoin market, giving traders and investors reason for optimism.