Analyst: Booming altcoin season may be around the corner
Analysts say the sideways movement in the Bitcoin dominance chart could be a reversal signal that could kick off the entire altcoin season.
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Analysts say the sideways movement in the Bitcoin dominance chart could be a reversal signal that could kick off the entire altcoin season.
Years ago, ERC404 attracted a lot of attention, which once caused Ethereum gas to surge. Currently, $PANDORA has retreated to more than 10,000. Just when the initial popularity has subsided, let’s have a rational chat.
OKX Exchange plans to compensate users after a 48% flash crash in its token (OKB), wiping out $6.5 billion. The crash, linked to GBTC's Bitcoin sale and FTX's large GBTC ETF shares liquidation, highlights market volatility. OKX, focusing on regulatory compliance, faces challenges in the ever-fluctuating cryptocurrency landscape.
The recent crypto flash crash, driven by uncertainties around pending Bitcoin ETF approvals, has wiped out significant market value. However, a shift to higher timeframes reveals a confirmed breakout, potentially signaling the onset of a bull run. Historical validations, including closures above Ichimoku's Kijun-sen and the Bollinger Band, emphasize the importance of high volume in confirming buy signals. As the month progresses, the market's performance remains crucial, and closing January with a green volume bar could mark a turning point for those looking to seize a buy-the-dip opportunity.
Huobi Token briefly tanked below $0.40. HT managed to recover, but is still down 20% on the day.
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