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Altcoin Market Could Skyrocket to $1.23T, Predicts Analyst 3m ago by coinedition.com

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Trader and analyst @el_crypto_prof predicted that the altcoin market may break out in the coming few months.

The analyst’s bullish prediction follows the altcoin market cap escaping a long-term negative trend.

A breakout chart pattern formed on the daily chart of TOTAL2 could lead to a strong move to above $684.566 billion.

The cryptocurrency trader and analyst @el_crypto_prof predicted in an X post today that it is only a matter of time before the altcoin market surges. In the post, the analyst revealed that the market cap for altcoins had escaped a falling wedge pattern on its weekly chart. Subsequently, he believes that the market cap could rise to above $1.23 trillion in the coming months.

#Altcoins

The biggest move for Altcoins is still to come imo.

If you’ve been following me long enough, you’ll know that I’ve been sharing this chart here for months while bears have been calling for lower prices.

Stick with your plan. I’m excited about what’s coming. pic.twitter.com/KmWIFgIH6e

— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 (@el_crypto_prof) November 21, 2023

From a shorter-term perspective, a symmetrical triangle pattern has formed on the daily chart for th…

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