Bitcoin momentum spikes market sentiment, slowly seeps into altcoin market.
Altcoin Stellar Lumens (XLM) pumped by over 175% in the last 24 hours.
Analysts expect another pump of over 30% before even higher gains in altseason.
Earlier this week, Bitcoin (BTC) reached a record high of $99,655.50 pushing the greater crypto market into a bullish frenzy. Specifically, several altcoins have mirrored Bitcoin’s upward momentum, experiencing parabolic gains. Analysts remain confident that Bitcoin will soon achieve the long-anticipated six-figure milestone of $100,000.
Bitcoin Momentum Seeps Into Altseason Sentiment
The Crypto Fear & Greed Index has consistently reflected strong optimism, sitting in the ‘Extreme Greed’ zone over the past two days with scores in the 90s. Today, the sentiment remains in ‘Extreme Greed’ with a slightly lower score of 80. Over the past week, notable altcoins such as XRP, XLM, VET, VTHO, and ADA have posted impressive gains, further fueling market enthusiasm.
While many analysts predict Bitcoin’s price will soon surpass $100,000, others are focusing on altcoins poised for further growth. Although the broader altseason is expected to kick off in Q1, certain altcoins may begin their rally earlier, presenting opportunities for significant returns even before the full altseason gains momentum.
Stellar Lumens (XLM) on the Road to a Wild Target
https://twitter.com/JavonTM1/status/1860487415267291612
As we can see from the post above, Stellar Lumens (XLM) price is now starting to approach the $0.681 target after displaying a massive upside move but there looks to be even more price pumps on the horizon. The analyst explains that another +32.1% increase could be coming for the altcoin.
https://twitter.com/egragcrypto/status/1860350364588953971
Adding to the bullish momentum, XLM price can still go up to hit wild targets. According to the post above, XLM has 4 targets to hit, and the chart in the post explains where the altcoin could go next. Responses to the post are just as bullish expecting even incredibly bullish target tops.
The post Stellar Lumens (XLM) Could See Another Pump of Over 32%, Can the Altcoin See a Greater Cycle Top in Altseason? appeared first on Crypto News Land.
