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The up-to-date technical analysis suggests that the cryptographic market, which includes altcoins such as Ethereum (ETH) AND Dogcoin (dog)He intends to experience the immense Altcoin season, which can last 217 days. If critical levels of support are preserved, the analyst suggests that we can finally see The long -awaited Altcoin season.
Ethereum and Dogecoin, to soon see the Altcoin season
TRADY, CRISTOGRAPHICAL ANALYZT TRADINGVIEW, MA common Detailed technical analysis of the Altcoin market. The analysis emphasizes the key indicators under Total2, which represents the total number Cryptual market cap, excluding bitcoins. The market expert emphasizes the importance of having a critical level of support, noting that the highly expected Altcoin season may finally start if this zone is maintained.
In particular, the best cryptocurrencies, such as Ethereum and Dogecoin, could take advantage of this market change for the Altcoin season. The analyst also noted that the current market conditions coincide with Fibonacci time sequences Altcoin prices.
The displiat divided the price chart, describing it as its secret weapon when determining Lower signals for Altcoins. From 2022, the chart indicated a significant bottom every time the market encountered resistance at the key point. From this week, the chart recorded the bottom, marking the fourth hit around the critical resistance zone.
The analyst expressed excitement with this trend, strengthening his confidence in the powerful Altcoin season. In addition, he emphasizes that the equalization of events, including formations of key support lines during the Fibonacci time sequence week, indicates an increased possibility Main market change.
When tracking time cycles based on Fibonacci, the Sporia revealed that the first two hits did not cause any vital events, but the third hit at the level of 2.618 led to significant turnover. Currently, this fourth hit at the level of 3.618 coincides with the Altcoin disaster in August 2024, which reflected Covid Casht In the last cycle. This is suggested by 50% accuracy index of the current Fibonacci sequence, which makes it an ideal target to observe the potential DNA and rotation.
Altcoin Market Rally lasts only 217 days
Dispute, diving further in his analysis The Altcoin market could gather For 217 days, reaching the peak until October 13, 2025, about 20 to 30 days later Bitcoin reaches the forecast bike. He claims that historically Bitcoin has always hit the bike in front of the Altcoins.
In 2021, Bitcoin reached the highest level in April, and the Altcoin market was 28 days later. Similarly, in 2017, Bitcoin reached the top of the market, and Altcoins came 22 days later. In this market cycle, Sporia designs that Bitcoin will reach the highest point until mid -September after a typical cycle of 1050 days from the previous one market bottom.
In particular, the analyst revealed that the last time the Altcoin market reached the FIB 3.618 level, its total market capitalization increased to $ 5 trillion. In general, the displiate indicated 99% of the surety that the Altcoin market would be downstairs, if the key support is maintained diagonally. If so, he emphasizes that the market should expect a V -shaped recovery and growth durability for 217 days.
A distinguished picture from Unsplash, tradingview.com chart
