Altcoins on the rise: Glassnode predictions

Altcoins on the rise: Glassnode predictions
Altcoins on the rise: Glassnode predictions

IMPORTANT POINTS:

  • The founders of Glassnode indicate that altcoin technical indicators, such as the RSI and MACD, suggest an upcoming significant increase in their value.
  • Despite recent fluctuations, Bitcoin is also showing signs of recovery, which may positively influence the altcoin market.
  • A possible rally in the altcoin market is anticipated based on the current price setup and technical analysis, although an exact percentage increase is not specified.

Jan Happel and Yann Allemann of Glassnode have detected positive signs in the behavior of altcoins. Key indicators such as the RSI and MACD show that these digital currencies could begin an escalation in value.

Market Impact and Trends

Along with altcoins, Bitcoin has also started to recover. This trend reflects similar movements in major indices such as the SP&500 and Nasdaq, marking a possible general market recovery.

Future expectations

Glassnode experts suggest that we are on the verge of a significant rally for altcoins. Although exact figures are not provided, the current market structure and technical analyzes point towards imminent growth.

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