Critical indicators highlight developing momentum in the crypto market.
The market cap fair value logarithmic trendline is bullish.
ADI divergence suggests a crypto market rally is in the early stages.
Into The Cryptoverse CEO, Benjamin Cowen has shared some crucial indicators highlighting the developing bullish momentum in the cryptocurrency market. In an initial post on X, the renowned cryptocurrency analyst shared the total crypto market cap fair value logarithmic regression trendline. The shared graphic highlighted a summary of the crypto market’s state, leaving a potential signal of what may happen soon.
Total crypto marketcap fair value logarithmic regression trendline pic.twitter.com/tD5SsIRjvY
— Benjamin Cowen (@intocryptoverse) December 2, 2024
Cowen’s post showed that despite the recent surge in the crypto market, it could still fulfill a significant upside momentum. The graphic image shows that the total crypto market cap has pulled away from the lower part of the curve and is attempting to break above the mid-line.
Read also: Crypto Market Cap: Bullish Prediction Sees $12 Trillion by 2026
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