The post Altcoin Prediction for September: Will a Rally Finally Arrive? appeared first on Coinpedia Fintech News
Most Altcoins have suffered a steep drop in the recent past. There is a strong sentiment slowly brewing against holding Altcoins among crypto investors. Interestingly, things are not that bad for the Altcoin sector. Actually, some crypto excerpts have openly changed the existing negative sentiment against Altcoins. They have predicted the possibility of a recovery for Altcoins in September (next month). Let’s listen to what experts have to say.
Is a September Altcoin Rally Coming? What Experts Says
A crypto expert, identified as Captain Fabik, in one of his latest X posts, opined that the Altcoin market would recover after mid-September. But he added that the market would remain mostly sideways for the next few weeks. He even claimed that the market would reach its March 2024 in the last quarter of this year itself.
What's about #Altcoins sir??Most altcoins are down 60-70% since the March high, and I know Altcoin holders are Panicking.Markets will likely remain Sideways for the next couple of weeks, and then There’s hope that altcoins will bounce back after mid-September. In Q4,… pic.twitter.com/qFwWKaUFDb
— Captain Faibik (@CryptoFaibik) August 31, 2024
Another crypto expert, identified as Michael van de Poppe, in one of his latest X posts about the predicted September Altcoin bull run, termed the overall value of the Altcoin market as promising. He observed a new higher low when he analysed longer timeframes. A higher lower can be interpreted as a positive trend, as it is an indication that the market has almost stopped dropping as much as before.
The #Altcoin market capitalization looks relatively good.It's still trending down on lower timeframes, but on higher timeframes, it has established a new higher low after this retest.I'm expecting that breakout upwards in September. pic.twitter.com/YcSjNdIcZm
— Michaël van de Poppe (@CryptoMichNL) August 31, 2024
Like Captain Fabik, Machael also supported the theory that the Altcoin market would rebound in September.
In conclusion, it is fair to assume that the month of September will be a crucial month for the crypto industry, especially for Altcoins. If the experts’ opinions can be believed, the Altcoin holders may be able to gain huge benefit in the next month. But, the crypto market is unlike most others known for its unpredictability. Here anything can happen anytime.
Stay tuned to Coinpedia for more useful updates on Altcoin market trends!