Analyst Jason Marks has found a fractal which could result in altcoins printing gains.
While following the fractal, altcoins might claim a market cap of $1.85 trillion soon.
In the past 24 hours, the majority of altcoins including DOT, LINK, ADA, and XRP, turned bearish.
As Bitcoin fell to the $92,000 price level in the past 24 hours, altcoins followed suit, turning red as well. However, an analyst on X (formerly Twitter), Jason Marks, suggests a bullish turn for altcoins may be on the horizon. He identified a fractal that could send the altcoins soaring.
Altcoin Fractal Hints at Significant Growth
According to Marks’ chart, the fractal could push the altcoin market cap to $1.85 trillion. Currently, the total altcoin market valuation stands at $925 billion. However, the ongoing altcoin correction needs to end before such gains are possible.
Read also: Altcoin Season Index Moves to 48, Signalling a Neutral Market
In the past 24 hours, several major altcoins saw losses: XRP dropped 2.79%, Dogecoin (DOGE) fell 2.67%, Cardano (ADA) dipped 3.49%, and Chainlink (LINK) declined 4.62%. Additionally, Bitget Token (BGB) plummeted 11.49%, and Polkadot (DO…
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