Trader Predicts Relief Rally for Altcoin Market, Says One Layer-1 Crypto Looking To Move Further Up
An analyst known for calling the November 2021 crypto bull cycle top believes that the altcoin market is about to witness the return of bullish momentum.
Pseudonymous analyst Pentoshi tells his 857,000 followers on the social media platform X that he’s keeping a close watch on the OTHERS chart, an altcoin index that tracks the market cap of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.
According to Pentoshi, OTHERS appears to be carving a local bottom at $250 billion and is now threatening to shatter its immediate resistance at $281 billion.
“Alts potential low time frame double bottom forming from $250 billion.
Still think we played this very well overall, and looking for it to go back toward…
