Analyzing Altcoin Market Cap
Rekt Capital, a crypt analyst, suggests the possibility of an upcoming altcoin rally in a recent analysis. The strategist observes potential altcoin hype cycles against the backdrop of the recent market turmoil.
Altcoin Hype on the Horizon?
Rekt Capital’s focus on the Altcoin Market Cap reveals a consolidation pattern, indicating a significant potential change in the overall trend. The Altcoin Market Cap is now at the center of this pattern, pointing to a crucial decision on its trend about to happen in the upcoming weeks. Sequential retests mirror historical patterns, suggesting stability and the potential for an upward move in the near future, ultimately building a base of support before embarking on an upward trend.
Hot Take
Renowned for their spot-on predictions, crypto strategist Rekt Capital hints at a potential Q1 2024 altcoin hype cycle. With a substantial following in the crypto community, Rekt Capital’s insights suggest a sync between Bitcoin’s Pre-Halving Rally and Ethereum’s price predicament, setting the stage for altcoin hype cycles.
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