- Altseason may be on the horizon and altcoins are showing bullish indicators.
- One analyst highlights the bullish potential of a new AI altcoin.
- RSS3 could hit three bullish price targets this altseason.
Analysts keep a close eye on the altcoin sector as many altcoins have begun to show greater signs of bullish indicators that could lead to parabolic pumps in the coming days ahead. This bullish surge is likely due to Bitcoin’s recovery and sideways movement in the 6-digit price range as well as the pioneer asset’s latest ATH.
Altcoins Finally Ready for an Upturn?
Since BTC’s latest ATH of $109,114.88, the asset has receded to lower prices but has maintained its 6-digit price range. Meanwhile, several altcoins seem to be following Bitcoin’s lead supporting the expectation that altseason’s peak is almost upon the crypto market. Historically, Q1 following a Bitcoin Halving year has always ushered peak altseason.
As analyst eagerly await these parabolic altcoin pumps, many analyst take a moment to find the most bullish altcoins this season. One altcoin that could meet such high expectations is a new AI altcoin known as RSS3, a project that is building a decentralized network to index and structure open information for training AI models.
RSS3 Could See Massive Parabolic Pump
As we can see from the post above, this analyst says that AI requires a massive amount of data, and projects providing data are currently undervalued. Specifically for RSS3, the altcoin’s market cap of $96 million and with a supply mostly in circulation, the coin has been accumulating at the bottom for more than 1,000 Days. He then concludes that $0.3 is the resistance level and sets three bull targets for RSS3 price at $0.66, $1.18, and $2.47.
