Binance Altcoin Season is here!
Huge Pumps ! Historical Fact: The importance of the EMA50 (50-day Exponential Moving Average), represented by the green line, is undoubtedly the mother of bullish or bearish market conditions for altcoins. During the 2021 bull run, it took 47 weeks for the first major correction to occur, dumping the entire altcoin market below this critical green line. As you can see, altcoins moved back above the EMA50 in June 2021, pushing it towards new all-time highs (ATH). Now, in the current bull cycle, a similar pattern has emerged. Altcoins are following the mother EMA50 in an absolutely perfect manner. Remember, the last big correction in the bull run took 47 weeks, while this time we have only seen 24 weeks of bullish movement. Expect altcoins to aim much, much higher in the coming months! This is just one of the many reasons why altcoins will remain bullish for a long time.
