Is Altcoin Season Around the Corner? Analysts Weigh In on Market Trends

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Altcoins have made more progress than the high-cap crypto assets over the past few days as markets show further signs of recovery.that there were several “bullish divergences” on altcoins. He added that these were also “facilitating the development of early-stage market structures” and potential future breakout patterns.” A bullish divergence is a technical chart pattern that signals a potential price reversal.

Following these two is a parabolic stage, where there are big gains over a short period of time. The analyst predicted altseason to begin later this year. Additionally, artificial intelligence-based assets have also been on fire, posting even greater gains. Some top AI performers over the past week include Near Protocol , Artificial Superintelligence Alliance , Bittensor , and Render .

 

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