Cardano

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MultiversX

Gala

<ul class="news-points">
 <li>An analyst posted that altcoins are following similar price trajectories on weekly charts.</li>
 <li>Dan Gambardello believes that altcoin season is coming soon.&nbsp;</li>
 <li>Bitcoin halving is followed by an altcoin season historically.&nbsp;</li>
</ul>
Dan Gambardello, the founder of Crypto Capital Venture, took to social media platform X to highlight the weekly charts of four altcoins, Cardano (ADA), Gala (GALA), Avalanche (AVAX), and MultiversX (EGLD).
As per the <a href="https://twitter.com/cryptorecruitr/status/1775613475542147410" target="_blank" rel="noopener noreferrer nofollow">post</a>, the weekly charts of these “random” altcoins are following the same trajectory ahead of the Bitcoin halving and the <a href="https://coinedition.com/hidden-altcoin-treasures-navigating-the-depths-of-the-crypto-sea/" rel="noopener noreferrer nofollow">altcoin season</a> that usually follows the halving event. “Just getting started,” Gambardello said while hinting at a potential rally in the prices of altcoins in the near future.&nbsp;
Crypto enthusiast Jason Owen took to X to <a href="https://twitter.com/invisionthis/status/1775616623107514685" target="_blank" rel="noopener noreferrer nofollow">reply</a> to Gambardello’s post, stating that the price action of ADA looks better on the weekly chart than on the hourly chart while forming head and shoulders pattern on the daily timeframe.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Z97AfWBiACkz_GeECEMyVU6tBZMLzA0vp7ODIETPuh2PzgWJx1MTO0AePhTscYT5BSpAxdDeCSqdZKd8JO7-7usuvkIGkHkQtSUrCO6-cY-AtwEpgPkCZPcWz6KlTskMHyHz8qy06Ka22mXS8vFNbC8" alt="">
</figure>
Head and shoulders on the daily chart of ADA/USDT, <a href="https://twitter.com/invisionthis/status/1775616623107514685" target="_blank" rel="noopener noreferrer nofollow">Source</a>
Interestingly, the head and shoulders pattern is a bearish indication which includes a single head with two shoulders forming almo…
The post <a href="https://coinedition.com/altcoin-charts-show-bullish-signs-ahead-of-bitcoin-halving-and-altcoin-season/" rel="noopener noreferrer nofollow">Altcoin Charts Show Bullish Signs Ahead of Bitcoin Halving and Altcoin Season</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Altcoin Charts Show Bullish Signs Ahead of Bitcoin Halving and Altcoin Season

Coin Edition

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