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Altcoins Form a Strong Rebound

Written By: ChartChamp

September 9, 2024

Altcoins have rebounded at a key support level near $519 billion. This rebound occurred at the lower end of this cup and handle channel to maintain a bullish structure. Altcoins are in the early stages of a rally, and we could see a move up to the upper range of this channel around $600 billion market cap. Over the next few weeks $600 B market cap will need to break to start the bull run, but it’s still important to pay attention to the economic data that is raising concerns for a recession.

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