Convergence

Coin

<ul>
 <li>Crypto analyst Moustache identifies a golden cross in the altcoin market cap, signaling a potential major rally.</li>
 <li>Bitcoin’s relative decline paves the way for altcoin surge; market dynamics shift as altcoins exhibit independent growth trends.</li>
 <li>Despite positive momentum in altcoins, ‘altseason’ criteria remain unmet, suggesting caution is warranted amid rising market optimism.</li>
</ul>
<a href="https://coinedition.com/tag/altcoin-alt-news" rel="noopener noreferrer nofollow">Altcoins</a> are showing signs of a significant bullish turn. A crypto analyst known as Moustache recently highlighted an impending golden cross in the altcoins market cap’s monthly chart on X. This rare event, marked by the crossing of the SMA-20 (simple moving average) over the MA10, has historically been a precursor to substantial rallies.&nbsp;
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 <figure class="aligncenter size-full"><img decoding="async" width="604" height="670" src="https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart.png" alt="" class="wp-image-357441" srcset="https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart.png 604w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-270x300.png 270w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-380x422.png 380w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-80x89.png 80w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-401x445.png 401w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-223x247.png 223w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-216x240.png 216w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-149x165.png 149w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-190x211.png 190w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-63x70.png 63w, https://coinedition.com/wp-content/uploads/2023/12/Altcoins-Monthly-Chart-68x75.png 68w" sizes="(max-width: 604px) 100vw, 604px">
 <figcaption class="wp-element-caption"><a href="https://twitter.com/el_crypto_prof/status/1739337427062345905" target="_blank" rel="noopener noreferrer nofollow">Altcoin Markets Surge</a>
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Similar occurrences in 2016 and 2020 marked the beginning of altcoin bull markets, making this development particularly noteworthy for investors and market watchers.
This golden cross event comes when altcoins move independently of <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin</a>‘s trajectory. Unlike previous cycles where altcoins lagged, this early movement suggests a distinct shift in market dynamics.&nbsp;
Additionally, the MACD (Moving Average Convergence Divergen…
The post <a href="https://coinedition.com/altcoin-markets-surge-as-golden-cross-signals-bullish-trend/" rel="noopener noreferrer nofollow">Altcoin Markets Surge as Golden Cross Signals Bullish Trend</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Altcoin Markets Surge as Golden Cross Signals Bullish Trend

Coin Edition

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