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Home»ALTCOIN NEWS»Trader predicts Altcoin Market’s relief rally, and one layer-1 crypto goes up and self.
ALTCOIN NEWS

Trader predicts Altcoin Market’s relief rally, and one layer-1 crypto goes up and self.

By Crypto FlexsFebruary 24, 20253 Mins Read
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Trader predicts Altcoin Market’s relief rally, and one layer-1 crypto goes up and self.
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The analyst, known to have called the Crypto Bull Cycle Top in November 2021, believes that the Altcoin market will witness the return of strong driving force.

A pseudonym, Pentoshi, a close watch from the Altcoin index, which tracks the market cap of all password assets except Bitcoin (BTC), Ethereum (ETH) and Stablecoin on 857,000 followers in social media platform X. It is said to be maintained.

According to PENTOSHI, others appear to be carving $ 250 billion in local bottoms and threaten to shatter immediate resistance for $ 250 billion.

“ALTS’s potential low time frame double floor is formed at $ 250 billion.

Still, we think that we have played this well, and we are looking for it to go back to $ 280 billion. If we find it, we get a good movement for real slogans. ”

Source: Pentoshi/X

The double bottom pattern is a strong reversal structure that indicates that assets or indexes form a solid demand area and set up the upright burst.

Pentoshi predicts that if you get a resistance to $ 28.1 billion, others can increase about 15%.

“The market looked better and the market had many opportunities to sell.

The potential height is low in the range of $ 330 billion. Again, it would be most important to watch the area for the next major trend. ”

video
Source: Pentoshi/X

At the time of writing, others are trading for $ 271.63 billion.

One Altcoin in the radar of the trader is the basic asset of the Layer-1 protocol injection (INF). According to the analyst, INJ appears to respect high time frame support for $ 14 and is looking for a bounce for $ 17.58.

“It still looks good, I’ve already hit $ 16. I’m getting better now.”

video
Source: Pentoshi/X

At the time of writing, INJ is worth $ 15.26.

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Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.

Created image: Midjourney

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