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The Altcoin Market Hit Resistance

Written By: ChartChamp

September 25, 2024

Yesterday the Altcoin market reached the upper range of this yellow channel, and formed a brief pullback due to resistance. The price is still near resistance, and I think there will be more attempts to form a bullish breakout. There was a brief wick above the $622 billion resistance level, and over the next few days we’ll see if the Altcoin market can form a breakout. In past cycles the month of September usually closes red before a bullish Q4 trend that starts in October. I think this time investors are front running the trade by buying early in anticipation of a Q4 rally.

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