Rally

Captain

Coin

<ul class="news-points"> 
 <li><strong>Crypto analyst predicted that the altcoins could reach $680+B by the end of 2023.</strong></li> 
 <li><strong>Bollinger band trend indicator shows a downtrend for the altcoin market cap.</strong></li> 
 <li><strong>Alcoin market cap may consolidate between $463B and $700B during the next year.</strong></li> 
</ul> 
<p>Crypto Analyst Captain Faibik tweeted that he has been accumulating altcoins for the past 6-8 months, expecting a rally between November and December. As per the analyst’s view, the crypto market cap has been trading inside a falling wedge as shown.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I've been Accumulating Altcoins for the past 6-8 Months, and I'm still Expecting an Altcoin Rally in Nov-Dec, similar to Q1 2023.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Altcoins</a> <a href="https://t.co/kHWgXY6OvZ" target="_blank" rel="nofollow">pic.twitter.com/kHWgXY6OvZ</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1713776776378519916?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 16, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Once the falling wedge is completely formed, Faibik expects the altcoin market cap to reach $680B. The analyst expects the market cap to increase by 25% from the upper trend line of the falling wedge. Moreover, the chart below gives more insights into Faibik’s forecast.</p> 
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  <img decoding="async" src="https://www.tradingview.com/x/hwzq4kX2/" alt="" style="width: 100%;height:335px" width="746" height="335">
  <figcaption class="wp-element-caption">
   <em>Altcoin Market cap/USD 1-Day Chart (Source: <a href="https://www.tradingview.com/x/hwzq4kX2/" target="_blank" rel="nofollow">Tradingview</a>)</em>
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 </figure>
</div> 
<p>As rightly pointed out by Faibik, the altcoin market cap should spike, given that it breaks out of the falling wedge conventi…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/altcoins-about-to-breakout-from-falling-wedge-will-it-spike/">Altcoins About to Breakout From Falling Wedge, Will it Spike?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Altcoins About to Breakout From Falling Wedge, Will it Spike?

Coin Edition

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