Coin Edition -
- A crypto analyst highlighted that altcoins are teetering on the edge of a bull market breakthrough last seen in 2016.
- The analyst said the altcoins are predicted to make the breakthrough faster than recorded in 2016.
- SOL continues to lead in price gains, with XRP, ADA, and BNB seeing muted price movements.
Following the broader market recovery, altcoins saw considerable price booms, with some major tokens notching new annual highs. While that has slowed considerably, a crypto analyst predicts that another big break may be close by.
Indeed, the crypto analyst who goes by @el_crypto_prof on X made this prediction in a recent post. According to the analyst, altcoins are teetering on the edge of a breakthrough last seen in 2016.
“It’s time for Altcoins to break through the blue line in the RSI,” the analyst tweeted while noting that the tokens would do it in a shorter time frame. The analyst continued that back in 2016, the breakthrough was the signal for the strongest altcoin rally the market has ever seen.
#Altcoins It's time for Altcoins to break through the blue line in the RSI.We have seen this scenario before in 2016, only in a shorter time frame.Back then, this was the signal for the strongest altcoin rally the market has ever seen.Exciting times ahead, right?