by: xpoolPosted on:

Altcoin Market Hitting Resistance, Analyst Predict Next Bull Run

The altcoin market is facing resistance as it attempts to break past its all-time high from 2021. Despite Bitcoin’s strong performance this quarter, total market cap remains stagnant. Trader DaanCrypto points out that the market recently found support at the 200-day moving average (MA) and exponential moving average (EMA), following a significant liquidation event which wiped out billions in leveraged positions. This level of stability is crucial for potential momentum gain.

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