Rally

Resistance

Rekt

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/altcoin-market-breaks-resistance-level-as-analyst-predicts-14-rally/">Altcoin Market Breaks Resistance Level As Analyst Predicts +14% Rally&nbsp;</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>In a recent tweet that sent waves across the crypto community, renowned analyst Rekt Capital highlights a significant development in the Altcoin Market Cap. Breaking beyond its resistance area, the market is now poised for a potential rally, with indications pointing towards a substantial +14% surge.</p>
<h2 class="wp-block-heading" id="strong-altcoin-market-cap-break-s-resistance-level-strong"><strong>Altcoin Market Cap Break’s Resistance Level</strong></h2>
<p>A prominent crypto analyst Rekt Capital observes a breakthrough moment as the Altcoin Market Cap surpasses its resistance area. This development sparks anticipation within the crypto space, hinting at potential bullish momentum.</p>
<p>Rekt Capital points out that the altcoin market cap is on the verge of closing the weekly candle above the noted resistance in the chart.&nbsp;</p>
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   <p lang="en" dir="ltr">Altcoin Market Cap has broken beyond its resistance area<br><br>Now positioned for a potential dip into the green area to turn it from old resistance into new support<br><br>After the retest, Altcoin Market Cap could rally another +14% at least<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/ScHiIIppWN" rel="noopener noreferrer nofollow">pic.twitter.com/ScHiIIppWN</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1724013825286905928?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 13, 2023</a>
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<p>Historically, such weekly closes above resistance levels have acted as catalysts for subsequent rallies. In this case, Rekt Capital suggests the potential for a rally of at least 14% or more in the altcoin market cap.</p>
<p>Rekt Capital not only notes the current breakthrough but strategically positions the Altcoin Market Cap for further advancements. The analyst suggests a potential dip into the green area, aiming to transform the old resistance into a robust new support.</p>
<h2 class="wp-block-heading" id="h-daily-retest"><strong>Daily Retest</strong></h2>
<p>Delving further, Rekt Capital’s analysis focuses on the daily timeframe, where the <a href="https://coinpedia.org/price-analysis/these-altcoins-outperformed-bitcoin-will-the-trend-continue-in-november/" rel="noopener noreferrer nofollow">altcoin</a> market cap is currently retesting the broken resistance level. The crucial task at hand is to transform this resistance area into support through a successful retest. Holding it as support would validate a new higher low and could serve as a springboard for further upside in the altcoin market.</p>
<p>Meanwhile, Rekt Capital’s analysis indicates that if the crucial support holds, we might be on the brink of a notable rally, potentially propelling altcoins to new heights.&nbsp;</p>

Altcoin Market Breaks Resistance Level As Analyst Predicts +14% Rally

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