Coin

<ul class="news-points">
 <li>According to a renowned crypto analyst, a new trend is forming in the altcoin market.</li>
 <li>The analyst spotted a developing Golden Cross on the AltcoinMarketCap monthly chart.</li>
 <li>Golden Cross has happened only twice in the history of the altcoin market.</li>
</ul>
A renowned cryptocurrency analyst with the handle @el_crypto_prof on X (formerly Twitter) has alerted users to a forming trend in the altcoin market. According to the analyst, this event has only happened twice in the history of the <a href="https://coinedition.com/market/" rel="noopener noreferrer nofollow">cryptocurrency market</a>, delivering similar outcomes on both occasions.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> Friendly reminder that the Golden Cross on the monthly chart of the SMA20 is imminent (month closes in a few days).<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> This has only happened twice before in the history of Altcoins. In 2016 and 2020, this signalled the start of the Altcoin bull market. <a href="https://t.co/DESXV2zWtV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DESXV2zWtV</a>— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el_crypto_prof) <a href="https://twitter.com/el_crypto_prof/status/1728854371512054047?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 26, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
According to @el_crypto_prof, an imminent ‘golden cross’ is developing on the monthly AltcoinMarketCap chart. The analyst shared a screenshot of the chart, noting that the notable signal is about to form within a few days before the month ends.
The post <a href="https://coinedition.com/analyst-spots-a-golden-cross-on-altcoinmarketcap-monthly-chart/" rel="noopener noreferrer nofollow">Analyst Spots A Golden Cross On AltcoinMarketCap Monthly Chart</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst Spots A Golden Cross On AltcoinMarketCap Monthly Chart

Coin Edition

Other articles published on Nov 27, 2023

Circle Partners With SBI Holdings To Offer Potential Stablecoins In Japan

2023 Crypto Forecast: 3 Key Coins Poised for Exceptional Returns (DOGE, $RBLZ, CAKE)

Paradigm researcher says Blast’s dubious launch sets ‘bad precedent’

Shiba Inu Lead Shytoshi Kusama Reacts to SHIB Whitepaper's Deep Insights

David Schwartz Comments Reignite Debate Over Securities Definition in Crypto Space

Dogecoin Price Starts Week by Breaching $0.08 – Is $0.1 Incoming as This New Meme Coin Receives B...

Join our free newsletter for daily crypto updates!