Altcoins show incredible bullish potential as September shows signs of closing September in a bullish green signal. September closing in the green signal would mean BTC price closing above $59,000 this Bitcoin Halving year. This in turn will fuel an even more bullish Q4. With BTC currently at over $65,000, the sentiment is very bullish for the crypto market.
Reflecting this bullish enthusiasm are the altcoins themselves. So far, many altcoin price charts are indicating bullish signals from the golden cross, inverted head and shoulders, hidden bullish divergence, cup and handle, and falling wedge patterns and formations. These include Ripple’s XRP, VeChain (VET), and many other potential and popular assets.
Meanwhile, some altcoins have already begun to surge in price reaching or pumping towards their previous ATHs. These altcoins include FET, Chainlink (LINK), JASMY, SHIB, DOGE, and many others. Slowly joining these lists are the active altcoins Cardano (ADA) and Polkadot (DOT), assets that holders have been waiting a long time, and very patiently, for a parabolic pump.
As we can see from the post above, one analyst highlights the possibilities for Cardano’s ADA. This native asset seems to be depicting a super signal emerging on the ADA/BTC price charts. The analyst expats fast price pump action for ADA in the coming months ahead possibly leading to a new high in the thick of the bull run phase.
Similarly, the native token of the Polkadot ecosystem, DOT is also approaching the end of the formation of a bullish pattern. As we can see from the post above DOT is nearing the formation of a falling wedge breakout, meaning a massive price pump is imminent for DOT price. Specifically, the analyst expects DOT to hit $8 soon.
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