PTKT #OTHERS 3/6/24
IN THE LAST 6 MONTHS OF THE YEAR, ALTCOINS WILL SOAR 🚀
▫️On large timeframes like the weekly chart; the daily chart still shows an upward trend with a beautiful structure. Higher highs and higher lows consistently above key EMA lines.
▫️The current phase resembles that of August 2020 - October 2020. The price is above EMA lines and gearing up for a Parabolic rise.
▫️Altcoins usually soar when the crowd has seen Bitcoin surge (Bitcoin has surged and hit ATH) while meme coins attract newcomers to the market (Memes are increasingly prevalent and surging). Combined with BTC.D reaching 57%, I believe most Altcoins are currently in accumulation and awaiting strong signals for a Pump 🚀
Currently, meme coins and older coins are experiencing stronger gains/recoveries compared to newer coins or those with solid technological foundations. Much FUD is being spread about these groups of coins. Such as significant initial distributions, developers collaborating with VCs to buy tokens at low prices to dump on holders, etc. I advise everyone to stay vigilant and not to lose their holdings.
