Gold is breaking new records and BTC After reaching the new ATH level, some investors feared a decline. Investors’ timidity is the result of years of failed altcoin bullish attempts and they are focusing on too many things. In today’s evaluation, DaanCrypto mentioned that altcoins are in the process of breaking new records.
Altcoins are in the Breakout Phase
BTC rising and falling to 123 thousand dollars and falling to support levels with altcoins The day continues together. October started on an upward note with good data on the macro front and Trump announcing support checks. What everyone forgot as BTC made its new peak above $126,000 BlackRock ETF The spot price has increased by 100 thousand dollars since its application. The period of panic must be long gone?
DaanCrypto altcoins He thinks that the total market value chart is now in the breaking phase.
“Total Altcoin Market Cap reached an all-time high this week and is attempting to break above the 2021 high. This weekly candle will be important to determine if there is a convincing breakout. To consider this a true breakout, I would like to see at least 1-2 weekly candles close well above the 2021 highs.”
If this happens, it will likely coincide with ETF approvals. Although we do not see a 2021-like rally in altcoins, rapid gains are possible in assets that are positively divergent, promising and worth taking risks. The rise seems like it will never start, and when it does, people think it will never end. So keep the previous sentence in mind until and when the rise begins.
ZIG Coin
disgraced from altcoins and there have been so many launches that new ventures are easily forgotten. When we look at the sensational launches of the last 2 years, they all believe they are the best, but many of them are dormant today with a market value of several hundred million dollars. ZIG Coin The anonymous crypto analyst is a favorite on ANBESSA and expects a 55% increase.
“I bought long term in 2024 and my ZIG tokens I staked for more than 1 year. I expect to be rewarded at the beginning of November, but most importantly I expect the rise to continue.
In terms of technical analysis, we see a symmetrical triangle consolidation and eventually observe a s/r reversal of $0.1106. “Couldn’t be more poised for a rally above $0.14.”
Of course, he is an investor. altcoin You do not expect him to make an unbiased comment, you can make your evaluation by taking this into consideration.
