$CMC20 is waking up.
The index is up 12.66% to $147.31, breaking above the 200-day MA around $140.23 with strong momentum. The 7 day and 30 day MAs are also below price, showing that buyers have taken control of the short-term trend.
MACD has turned positive, while volume has picked up with the breakout. RSI is around 79, so a short pullback is possible, but the bigger picture is looking much stronger.
If CMC20 holds above $140, I think this move could have more room to run. Altcoin momentum is clearly returning.
NFA.
#Altcoin Season#
The index is up 12.66% to $147.31, breaking above the 200-day MA around $140.23 with strong momentum. The 7 day and 30 day MAs are also below price, showing that buyers have taken control of the short-term trend.
MACD has turned positive, while volume has picked up with the breakout. RSI is around 79, so a short pullback is possible, but the bigger picture is looking much stronger.
If CMC20 holds above $140, I think this move could have more room to run. Altcoin momentum is clearly returning.
NFA.
#Altcoin Season#