Rally

Parabolic

Dogecoin

Chainlink

Rekt

<p>Major altcoins have seen a resurgence in price and market activity over the past week. Leading altcoins like Dogecoin (DOGE), Chainlink (LINK), and Ethereum (ETH) posted solid gains, with DOGE up 8%, LINK up 5.5%, and ETH up 4% over the last 7 days.</p>
<p>The overall cryptocurrency market cap now sits around $1.5 trillion, up significantly from lows earlier this year. The altcoin market seems to be leading this charge, likely signaling the start of a new altcoin cycle according to some prominent analysts.</p>
<p>Moustache, a pseudonymous analyst with over 82,000 followers, <a href="https://x.com/el_crypto_prof/status/1730902566525907130?s=20" target="_blank" rel="noopener noreferrer nofollow">posted</a> a bullish update about the altcoin market. He pointed out that the 20-month simple moving average (SMA20) on the altcoin market cap monthly chart had a <em>“golden cross”</em>, something that has only happened twice before in 2016 and 2020. Both times this signal marked the beginning of a broader altcoin bull run.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="525" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-1024x525.png" alt="" class="wp-image-390601" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-1024x525.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-766x393.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-1536x788.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-2048x1050.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-292x150.png 292w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-682x350.png 682w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-73-788x404.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Moustache later <a href="https://x.com/el_crypto_prof/status/1731254242910847027?s=20" target="_blank" rel="noopener noreferrer nofollow">posted</a> that <em>“You’re not ready for what’s coming,”</em> referring to his call from 2022 about an impending altcoin surge. He reminded his followers that “Many weren’t there in 2017,” urging people not to miss out like some did on the epic 2017 crypto rally.</p>
<p>Another top analyst, Rekt Capital, <a href="https://x.com/rektcapital/status/1731253839485976647?s=20" target="_blank" rel="noopener noreferrer nofollow">noted</a> to his 373,000 followers that the total altcoin market cap successfully retested old resistance as new support for three weeks straight. He also pointed out bullish divergence and higher lows forming, adding to the bull case.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Altcoin Market Cap has been successfully retesting this old resistance as new support for three weeks in a row<br><br>The downside wicks on the retest are also forming a Higher Low<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/1GoPxC2iuE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1GoPxC2iuE</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1731253839485976647?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 3, 2023</a>
</blockquote>
<p>With altcoins making decisive moves upwards and prominent experts calling for a new altcoin cycle, the stage appears set for strong crypto market returns in 2024 and beyond.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/chainlink-whales-accumulating-for-a-rally-as-link-turns-bearish-across-timeframes/" target="_blank" rel="noopener noreferrer nofollow">Chainlink Whales Accumulate for a Rally as LINK Turns Bearish Across All Timeframes: Here’s the Next Price Target</a></li>
 <li><a href="https://captainaltcoin.com/solana-analyst-remains-bullish-despite-concerning-on-chain-metrics-as-sol-bears-aim-to-break-this-crucial-resistance/" target="_blank" rel="noopener noreferrer nofollow">Solana Analyst Remains Bullish Despite Concerning On-Chain Metrics, as SOL Bears Aim to Breakdown This Crucial Resistance</a></li>
 <li><a href="https://captainaltcoin.com/why-is-alchemix-alcx-pumping-analysts-confirm-price-still-has-up-to-100-room-to-run/" target="_blank" rel="noopener noreferrer nofollow">Why Is Alchemix (ALCX) Pumping? Analysts Confirm Price Still Has up to +100% Room to Run</a></li>
</ul>
<p>It will be important to watch if bitcoin begins playing catch up to the altcoin strength or if profits flow back into the leading benchmark cryptocurrency. Either way, analysts largely agree that crypto holders should brace themselves for the next leg up.</p>
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<p>The post <a href="https://captainaltcoin.com/crypto-analyst-who-called-2017-rally-now-sees-altcoins-going-parabolic-heres-his-outlook/" rel="noopener noreferrer nofollow">Crypto Analyst Who Called 2017 Rally Now Sees Altcoins Going Parabolic – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Who Called 2017 Rally Now Sees Altcoins Going Parabolic – Here’s His Outlook

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