Altcoins To Stack Before The Impending ‘Bitcoin Pump’: Analyst Says ‘Be Prepared’

Quick Summary:

This downturn has affected the broader crypto market, with most of the top 10 altcoins also experiencing declines, led by Ethereum (ETH).  On Crypto Banter’s The Sniper Trading Show, the analyst observed price action across several major cryptocurrencies.

Polkadot (DOT), currently priced around $4 at the bottom of its weekly range, offers a rare buying opportunity, with expectations of a squeeze towards $8 in the near future.

The analyst said that if ETH maintains this support and breaks upwards, it could trigger a rally toward a new higher high.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Price Analysis Crypto news News Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 07:31:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22525579

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