Altcoins Trend Hint at Upcoming Explosive Rally, Here’s Why

Quick Summary:

As the altcoin market enters a prolonged re-accumulation phase, signs point to an impending major rally.

Although the market is in the bearish territory at the moment, past trends and analysis show that there is immense potential for altcoins to rise.

Moreover, according to Mikybull, the market is now in the consolidation stage, with prices penetrating short-term MAs but remaining above long-term MAs.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Altcoins rally Altcoins Altcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-22 @ 19:31:50 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21338742

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