‘Markup Soon’ – Analyst Predicts Altcoin Rallies, Unveils Cycle Top Target for Market Capitalization of Crypto
A widely followed trader who nailed the crypto bull market top in 2022 believes the altcoin market is gearing up to spark an upside burst. Pseudonymous analyst Pentoshi tells his 843,900 followers on the social media platform X that he’s keeping a close watch on the OTHERS chart, which tracks the market cap of all crypto excluding the 10 largest coins and stablecoins. According to Pentoshi, OTHERS is flashing a bullish continuation signal as it threatens to take out its final resistance at around $500 billion. “Say what you will, but alts look great as a whole here. Bull flag/consolidation over the previous highs from last year. Markup soon.” Source: Pentoshi/X Traders keep an eye on the OTHERS chart to get a broad sense of how the altcoin markets are likely to perform. Meanwhile, a bull flag typically indicates that an asset is taking a breather before igniting a fresh leg up. At time of writing, OTHERS is trading at $362.22 billion. Pent...