Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

Altcoin Market Rally Comes to an End

The Altcoin market experienced a 6 day rally last week, but is now experiencing some resistance near the upper range of this bull pennant. The Altcoin market cap has peaked around $627 billion, and is starting to trend down again with 2 days of downside so far. I would monitor the price action for BTC and ETH because they will continue to affect the Altcoin market. I think BTC is likely to trend down in September, and we are likely to see some downside for ETH and ALTS as well.

Follow me on social media: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

CVT Market Sentiment February 2025

The current market environment, with its sharp dump since the recent top in December 2024, looks dire, and many people are in panic mode. Many altcoins are down 70% to 90% from their last highs. However, sentiment on Twitter remains overall balanced. In euphoric market stages, people often forget proper risk management, which becomes painful […]

Read More
Default Thumbnail

Bitcoin Dominance Starts to Trend Down

Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]

Read More
Default Thumbnail

XLM Approaching $0.687 Resistance

XLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]

Read More