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Home»ALTCOIN NEWS»A massive altcoin rally is just around the corner, according to a trader who recently managed a successful Bitcoin correction. The timings are as follows:
ALTCOIN NEWS

A massive altcoin rally is just around the corner, according to a trader who recently managed a successful Bitcoin correction. The timings are as follows:

By Crypto FlexsMay 28, 20242 Mins Read
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A massive altcoin rally is just around the corner, according to a trader who recently managed a successful Bitcoin correction.  The timings are as follows:
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One cryptocurrency strategist who correctly called Bitcoin’s (BTC) halving correction believes that altcoins are close to taking center stage.

Household analyst Rekt Capital told his 473,400 followers on social media platform I said there is.

According to Rekt, OTHERS appears to be following the script he laid out in February, which suggests the broader altcoin market is poised for a gain of around 42% from current levels of $297.5 billion.

“Altcoin market caps have hit their highest weekly close since early April 2024. They are also perfectly following the ultimate altcoin market cap game plan outlined earlier this year.”

Source: Rekt Capital/X

Looking at Rekt’s chart, he seems to be predicting that OTHERS will rise to weekly resistance of $425 billion.

As for the timeline of the altcoin surge, Rekt believes that once Ethereum (ETH) takes a breather, there will be a capital flight into altcoins.

“I’m not sure yet. ETH The rally is over, but when will it be? ETH After a breakout move fueled by exchange-traded funds (ETFs), consolidation is poised… Altcoins should be able to benefit from newfound funding flows.”

video
Source: Rekt Capital/X

Looking at Ethereum itself, Rekt said the leading layer 1 platform is firmly positioned for a move above $4,000, with ETH bulls now having momentum above the $3,300 resistance area at the weekly close.

“ETH A lot of time was spent around the low (~$2791) circled in orange. This is historically ahead of the uptrend to ~$4,000 (green). A weekly close above the orange box seems inevitable and will confirm that the bulls have regained momentum.”

video
Source: Rekt Capital/X

As of this writing, Ethereum is trading at $3,888.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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