bullish

United

<ul class="wp-block-list">
  
 <li>Historical altcoin trends from 2014 to 2025 suggest a strong bullish momentum forming</li>   
 <li>RSI analysis points to a potential market rally supported by key technical indicators.</li>   
 <li>The upcoming U.S. elections could influence altcoin investor sentiment and trends.</li> 
</ul>   
<p>The altcoin market can be described as very volatile over the years characterized by a clearly defined bull and bear phase. While keeping an eye on these changes, which market analysts follow as a rule, focus has shifted towards the new trends pointing at the possible new wave. Importantly, these processes might affect markets in view of the expectations of changes in the regulation and the national and global economy before the upcoming US elections.</p>   
<h2 class="wp-block-heading" id="h-historical-market-movements-2014-to-present">Historical Market Movements: 2014 to Present</h2>   
<p>The chart data show that the <a href="https://cryptonewsland.com/blockdags-110m-presale-100-bonus-take-the-lead-anticipating-a-surge-in-cardano-price-plus-the-latest-avax-updates/" target="_blank" rel="noreferrer noopener">altcoin </a>market has been steadily increasing since around 2014. This decade was a gradual accumulation phase, and marked qualitative growth till 2018. Several points can be noted as potential market lows based on the period of 2014-2018; thus, these-points have been marked with green arrows. This phase of growth spelled out the ability of altcoins to bounce back and continue expansion.</p>   
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   https://twitter.com/el_crypto_prof/status/1853021281454543039 
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<p>Entering 2018, the market became much more volatile, but a new upward trend appeared starting 2017, and can be extended to approximately 2025. A recent trend seen has exhibited signs of an upward continuance where support levels stood their ground even though for a while they pulled back.</p>   
<h2 class="wp-block-heading" id="h-rsi-patterns-u-s-elections-and-market-implications">RSI Patterns ,U.S. Elections and Market Implications</h2>   
<p>This bullish outlook is further evidenced by a closer look at the relative strength index (RSI) on the chart provided below. Figure 2 also shows that every major low has been marked by an upward movement on the RSI scale which reflects an increase in the market capitalization. Stated HS, while the RSI is illustrated with both the trendline and support levels, it shows that similar conditions are developing as in previous phases of growth.</p>   
<p>&nbsp;The trend points to a phase indicated by the arrow where altcoins may appreciate if the trend continues to be the same.This excites additional interest given that the upcoming <a href="https://cryptonewsland.com/pre-election-volatility-what-it-means-for-altcoin-re-accumulation/" target="_blank" rel="noreferrer noopener">elections</a> in the United States are almost around the corner. It is notable that market participants are watchful for economic and regulatory activities that might affect the crypto space.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/support-levels-hold-steady-could-the-altcoin-market-be-primed-for-a-rally/">Support Levels Hold Steady: Could the Altcoin Market Be Primed for a Rally?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Support Levels Hold Steady: Could the Altcoin Market Be Primed for a Rally?

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