Analyst says altcoin bottom is in and massive gains can be made before the year is up.
A big range of altcoins seem to be oversold and holding now could bring big gains.
XRP prints highly bullish signs with expectation of $8-$27 XRP price on the horizon.
The crypto market continues to sway towards the recovery phase and reputed analysts voice their thoughts on the matter. In particular, many believe that altseason is just around the corner and many altcoins and printing bullish signals. Bull waves or god candles? What can we expect?
According to silver-tongued crypto analyst, Doctor Profit, known for his accurate market predictions, the bottom for altcoins is in. In his latest post he confirms that most altcoins have been oversold. He also adds that the bottom area has been met and in the next 30-45 days buying price will be too high.
Your reminder that most of altcoins are massively oversold. My altcoin report told you everything you need to know.This is bottom area right now, whoever is wasting time here will regret in 30-45 days and buy at higher prices!
— Doctor Profit (@DrProfitCrypto) June 20, 2024
Just recently, Doctor Profit dropped a detailed altcoin report for what traders and investors can expect in Q3 and Q4 of 2024. Specifically, he said ‘unimaginable gains’ will be made during this time. To show his confidence in his altcoin spike prediction, he event dropped his buy orders for multiple altcoins including JASMY.
JASMY, XRP, and VET price predictions have been coming out in troves over the week. Of many altcoins like ETH, OP, BNB, TON, and NOT that are expected to go high, VET, XRP, and JASMY are also expected to break new ATHs.
Speaking of XRP, another popular trader shares his expectations for what can be expected for XRP price action in the coming days. According to Egrag Crypto, XRP just printed a bullish candle formation. He marks this formation as the XRP quarterly hammer.
#XRP Quarterly Hammer – #Bullish Candle Formation: #XRP on the 3-month time frame has shown 2 Hammer Candles before major pumps:1) April-June 20162) July-September 2017 Right now, #XRP needs to close the next 3-month candle above $0.55-$0.58 in the next 10 days to form… pic.twitter.com/7tQhN8BBnY
— EGRAG CRYPTO (@egragcrypto) June 20, 2024
Additionally, he says that when XRP prints two hammer candles within a last 3-month time frame, massive gains occur. Sharing charts to back his observations, he highlights the last times this formation occurred was between April-June 2016 and between July-September 2017.
Therefore, the analyst believes that if XRP prints the same hammer once again within the mentioned time frame then XRP can pull a 1700% price spike to hit $8 price in July 2024. He says if a hammer comes in the next 6 months then the pump will be 5500% taking the price to $27.
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The post XRP Prints Bullish Candle Formation as Altcoins Prints Bottom Amidst Oversold Call, Altseason Steps Closer appeared first on Crypto News Land.