Analyst Forecasts Imminent “Altseason” Fueled by Key US CPI Data and Bitcoin Strength

• An analyst is predicting a “parabolic surge” for the altcoin market is imminent.
• The forecast is based on upcoming CPI data, a strong stock market, and a Bitcoin breakout.
• Ethereum, XRP, Solana, Sui, and Sonic are among the altcoins tipped to lead the rally.

A famous cryptocurrency analyst has predicted increased volatility in the crypto market for the coming days. The analyst cited upcoming economic data from the US, developments in the stock market, and technical setups among the top crypto assets as potential triggers for his upside altcoin market prediction.

Market analysts are focusing on the US Consumer Price Index (CPI) data scheduled for release later today. The financial metric measures the change in the price of goods and services purchased by consumers. Investors consider it a crucial metric for gauging the government’s policy direction for economic adjustments. 

US Inflation Data and Stock Market Strength in Focus

Besides the expected CPI, the mainstream stock market setup reflects crucial signals that have attracted investors’ attention. 

For instance, the stock market is trending close to an all-time high, and the analyst expects an…

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