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Altcoin Market Poised for Major Rally as Technical Patterns Signal Breakout
Altcoin Market Poised for Major Rally as Technical Patterns Signal Breakout
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After months of lagging behind Bitcoin''s dominance, altcoins are showing signs of a powerful resurgence. Technical analyst Captain Faibik highlights a broadening wedge pattern on the 1-day chart, suggesting an imminent parabolic rally. The breakout, expected in Q3, could reverse six months of stagnation.
Broadening wedge formations typically precede volatile price movements. With altcoins building strong support bases and gaining momentum, the stage is set for explosive growth. ''The pain of the past six months may finally flip into significant gains,'' Faibik noted, while cautioning investors to monitor key resistance levels.
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