The altcoin market cap has rebounded to $887.55 billion, with technical indicators suggesting a potential rise toward $2.05 trillion. Market analyst BACH notes that RSI bottoming patterns and Fibonacci retracement levels align with previous bull cycles, indicating possible multi-month rallies. Key Fibonacci resistance zones are identified at $1.35 trillion, $1.65 trillion, and $2.05 trillion.
Currently, the RSI stands at 46.9, a level seen before past rallies in mid-2023 and early 2024. Analysts believe that a sustained RSI recovery and a breakout above the median channel line could boost investor confidence, leading to momentum-driven inflows into altcoins.
Altcoin Market Poised for Growth as Technical Indicators Signal Rally
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