🚀 Attention crypto-investors! The altcoin market is in the “disbelief stage,” which historically precedes an explosive rally. Despite the 17.55% drop in the total altcoin market capitalization in the last 30 days, analysts are optimistic. 📈
Traders are watching three key indicators: the 20-day exponential moving average (EMA), the Stochastic RSI, and Bitcoin dominance. If the total crypto market cap "retests" the EMA20 and also "crosses bullish" on the Stochastic RSI, we could be looking at "rally time."
Bitcoin dominance is 54.7%, a drop of 0.56% in the last week. A further drop could start an “altcoin season.”
What do you think? Is it time to invest in altcoins? Share your thoughts in the comments! 💭