Altcoins typically dump hard before altseason. Will history repeat?
https://cointelegraph.com/news/weekend-crypto-flush-could-signal-altseason-based-on-historical-patterns?utm_source=feedly_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Posted by WiseChest8227
3 Comments
tldr; Crypto analysts suggest that recent market resets, including a weekend leverage flushout, may signal the start of ‘altseason 3.0.’ Historically, altcoins experience sharp declines before major rallies, as seen in 2020 and 2021. Over the weekend, altcoins like XRP, SOL, DOGE, ADA, and LINK dropped significantly. Analysts point to bullish indicators, such as a MACD cross on the BTC/altcoins chart, hinting at potential altcoin growth. Bitcoin dominance also declined, further supporting the possibility of an altseason.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yes.
Yes, because I need this lol
!tip 1