BsPufferfish
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History Repeating? Analyzing #Altcoin Market Trends
In December 2017, altcoins reached an all-time high, followed by a sharp 50% correction. Despite this drop, the market soon staged a massive recovery, with total altcoin capitalization surging by approximately 200% from its low and peaking on January 5, 2018.
Fast forward to the current market, altcoins are undergoing a 25% correction. If historical patterns hold, the correction could deepen until the market finds short-term support near the 200-day EMA. This may lead to a brief rebound (a "dead cat bounce") before further declines to stronger support levels, around $580–590 billion in total market capitalization. Such a move would align with the 50% correction observed in 2017.
Should the market establish a solid base at this level and mirror the 2017 trend, a subsequent rally could see altcoin capitalization rise by 190%, pushing the total market cap to around $1.7–1.8 trillion. This potential surge could mark the next altseason, with the rally’s peak likely occurring in January, consistent with past cycles.
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In December 2017, altcoins reached an all-time high, followed by a sharp 50% correction. Despite this drop, the market soon staged a massive recovery, with total altcoin capitalization surging by approximately 200% from its low and peaking on January 5, 2018.
Fast forward to the current market, altcoins are undergoing a 25% correction. If historical patterns hold, the correction could deepen until the market finds short-term support near the 200-day EMA. This may lead to a brief rebound (a "dead cat bounce") before further declines to stronger support levels, around $580–590 billion in total market capitalization. Such a move would align with the 50% correction observed in 2017.
Should the market establish a solid base at this level and mirror the 2017 trend, a subsequent rally could see altcoin capitalization rise by 190%, pushing the total market cap to around $1.7–1.8 trillion. This potential surge could mark the next altseason, with the rally’s peak likely occurring in January, consistent with past cycles.
Click here to catch our upcoming Signals💸
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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