<ul class="news-points"> 
 <li>An analyst predicted that the altcoin market could be preparing for a “storm.”</li> 
 <li>The altcoin market was valued at around $685.2 billion at press time after it was able to establish a 24-hour high of $700.08 billion.</li> 
 <li>If the altcoin market can close today’s daily candle above $684.566 billion, it may begin to climb to the closest resistance level at $747.988 billion.</li> 
</ul> 
The cryptocurrency trader and analyst who goes by the name of Moustache shared in an X post on December 5 that he believes “altcoins are preparing for a storm.” Although there might be a few dips in the altcoin market, the analyst urges traders to use them as buying opportunities. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Altcoins</a> The blue line in the Altcoin-chart has already broken through the zero line in the MACD. You can see what we can most likely expect in the coming weeks in the left-hand chart of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a>. Altcoins are preparing for a storm.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f32a.png" alt="🌪" class="wp-smiley" style="height: 1em; max-height: 1em;"> Dips are for buying! <a href="https://t.co/tUfZtSyP4B" target="_blank" rel="nofollow">pic.twitter.com/tUfZtSyP4B</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/1731792928224244046?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 4, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
On the daily chart for the total altcoin market cap (TOTAL2), the Moving Average Convergence Divergence (MACD) line was positioned above the MACD signal line. This su…
The post <a href="https://coinedition.com/altcoin-market-cap-set-to-surge-and-reach-747-988b-analyst/">Altcoin Market Cap Set To Surge and Reach $747.988B: Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Altcoin Market Cap Set To Surge and Reach $747.988B: Analyst

Coin Edition

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