Altcoins hint at bullish reversal as accumulation and patterns suggest a breakout.
Surging trade volumes for WIF, PEPE, and FTM signal growing investor interest amid dips.
Profit-taking and caution lead to market cap drops as investors assess market risks.
Analysts have urged investors to “buy the dip” before the altcoin market breaks out to new highs. A technical pattern on the weekly chart of the total cryptocurrency market cap, excluding Bitcoin, suggests a bullish reversal after a long accumulation phase. This could be the last chance to buy altcoins at lower prices before the market surges.
#Altcoins
Probably your last chance to buy cheap before the whole market goes into stratospheric mode.
I hope the deviation hasn't shaken you out.
Reclaim is already happening. Hardly any room left in the wedge.
Send it. pic.twitter.com/ltwduDyNgZ
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 
(@el_crypto_prof) October 22, 2024
This potential breakout follows a period of price declines in the altcoin market. Analysts believe these dips represent a buying opportunity. A “cup and handle” formation, a classic bullish indicator, has formed on the weekly chart, signaling a pot…
The post WIF, PEPE, FTM: Analysts Predict Altcoin Market Breakout, Urge “Buy the Dip” appeared first on Coin Edition.
