A prominent market analyst has suggested that altcoins may be entering a reversal phase after months of downward pressure, sparking renewed optimism across the crypto sector.
In a recent market update, a chart shared by trader Michaël van de Poppe highlighted what he described as a “massive bullish divergence,” a technical indicator that often signals the potential end of a bearish cycle. According to him, this could mark the beginning of a bottoming process for altcoins, setting the stage for a recovery.
The chart shows that altcoin valuations may be stabilizing at levels last seen during previous cycle lows, hinting that the market could be preparing for an upward trend. Such signals are drawing the attention of investors who see the current dip as a strategic buying opportunity.
Van de Poppe emphasized that conditions now resemble past phases where altcoins formed a foundation for rallies that followed. If history repeats, the next few months could offer significant opportunities for long-term investors seeking exposure to undervalued projects.
Still, while technical divergences suggest momentum may be shifting, broader market conditions – including Bitcoin’s price action, regulatory developments, and macroeconomic factors – will likely play a major role in determining how strong and sustainable an altcoin recovery could be.
For now, growing speculation points toward the possibility that the altcoin market has reached its bottom and may be gearing up for the next major cycle.
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Source: https://coindoo.com/market/is-this-the-moment-to-buy-the-dip-altcoins-flash-rare-signal/