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Home»ALTCOIN NEWS»‘Markup Soon’ – Analyst Predicts Altcoin Rally, Reveals Cycle High Target for Cryptocurrency Market Cap
ALTCOIN NEWS

‘Markup Soon’ – Analyst Predicts Altcoin Rally, Reveals Cycle High Target for Cryptocurrency Market Cap

By Crypto FlexsJanuary 20, 20252 Mins Read
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‘Markup Soon’ – Analyst Predicts Altcoin Rally, Reveals Cycle High Target for Cryptocurrency Market Cap
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One trader on top of the 2022 cryptocurrency bull market believes the altcoin market is poised to spark a bull market.

Pentoshi, a pseudonymous analyst, told his 843,900 followers on social media platform

According to Pentoshi, OTHERS is signaling continued bullishness as it threatens to break through the final resistance of around $500 billion.

“Say whatever you want. But here the alternative looks great overall.

Bull flag/consolidation on previous highs from last year.

Markup will be completed soon.”

Source: Pentosh/X

Traders keep an eye on the OTHERS chart to get a broad overview of altcoin market performance. Meanwhile, a bull flag usually indicates that an asset is taking a moment to catch its breath before taking on new life.

As of this writing, OTHERS is trading at $362.22 billion.

Pentoshi is also closely watching the TOTAL chart, which tracks the market capitalization of all cryptocurrency assets excluding stablecoins. The trader predicts that TOTAL could surge at least 18% from current levels, but could see gains of up to 88% before the cryptocurrency bull market ends.

A rising TOTAL chart indicates that Bitcoin (BTC) and altcoins are soaring in value.

“We are currently at a high of $4.2 to $6.7 trillion. We’ll narrow it down further later. But the first goal is $4.2 trillion.”

As of this writing, TOTAL is trading at $3.553 trillion.

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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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