Are Altcoins Set for the Moon? Analysts Watch These 3 Key Indicators

• Analysts anticipate explosive altcoin rallies, citing the market’s current disbelief stage.
• Key indicators watched include the 20-day EMA, Stochastic RSI, and Bitcoin dominance.
• Altcoin cap holds above $250B despite a recent 17% drop, signaling a potential upside.

The altcoin market, often overshadowed by the behemoth Bitcoin, might be on the cusp of a significant rally, according to multiple market watchers. These experts closely monitor technical indicators that could signal an impending surge in the value of alternative cryptocurrencies.

In a recent post on X, widely followed crypto analyst Milkybull suggested that the altcoin market is currently in the “disbelief stage.” This phase is characterized by investor skepticism despite positive market trends. 

Historically, this stage has been a precursor to a robust rally, the analyst observed. Milkybull pointed out instances in the 2016 and 2020 cycles where such occurrences were followed by explosive gains for altcoins.

#Altcoins market cap is currently at the disbelief stage, historically followed by an explosive rally.

Historically, the marked-up consolidation has made huge gains (2016 &2020). pic.twitter.c…

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