Altcoin Season 2024 Predictions: A Closer Look at Top 3 Cryptocurrencies
Anticipating Altcoin Season 2024: 3 Key Cryptos to Monitor
For altcoin season to occur more than 75% of the top 50 coins must be in profits which is not the case at the moment.
Bitcoin Dominance Is Rising Again
Bitcoin dominance reached 56.32% in mid-April and started trickling to 54.34%. But in the last few days, this dominance has grown to almost 55%, threatening the potential of altcoins breaking out and the market noting an altcoin season.
Ethereum (ETH) Is in a Bullish Reversal Pattern
Ethereum’s price trading at $3,063 failed to breach past the upper trend line of a falling wedge it has been stuck in since March. A falling wedge is a bullish chart pattern indicating a potential reversal from a downtrend.
Helium (HNT) Set to Reverse the Death Cross
Helium’s price has sharply recovered after forming a death cross, hinting at a potential upswing. A golden cross formation could push HNT’s price to reclaim key resistance levels.
Can Shiba Inu (SHIB) Escape From the Descending Channel?
Shiba Inu’s price has been moving within a descending channel, with a bullish breakout anticipated if certain support levels are maintained.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.