bullish

2024

when

Coin

<ul class="wp-block-list news-points"> 
 <li>Michael Van de Poppe predicts a September breakout for the altcoin market.</li> 
 <li>A “higher low” formation and support zone around $500 billion suggest increased buying demand.</li> 
 <li>Overcoming the key resistance zone around $850B could confirm a new bullish phase for altcoins.</li> 
</ul> 
Crypto analyst Michael Van de Poppe predicts <a href="https://coinedition.com/altcoin-market-correction-crypto-experts-weigh-in-on-buying-the-dip/">the altcoin market</a> is positioning itself for a significant breakout. In his <a href="https://x.com/CryptoMichNL/status/1829791238763266247" target="_blank" rel="nofollow">post</a> on X, Van de Poppe highlighted a growing bullish setup for the altcoin market, pointing to a “higher low” formation that suggests a potential trend reversal. 
While he acknowledged that the market remains in a downtrend on lower time frames, Van de Poppe believes the market structure hints at an upward breakout when viewed from a higher time frame. He anticipates this turnaround could emerge by September. 
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 The <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Altcoin</a> market capitalization looks relatively good. It's still trending down on lower timeframes, but on higher timeframes, it has established a new higher low after this retest. I'm expecting that breakout upwards in September. <a href="https://t.co/YcSjNdIcZm" target="_blank" rel="nofollow">pic.twitter.com/YcSjNdIcZm</a>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1829791238763266247?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 31, 2024</a>
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Notably, the formation of a “higher low” is crucial in…
The post <a href="https://coinedition.com/altcoin-market-primed-for-september-breakout-says-analyst/">Altcoin Market Primed for September Breakout, Says Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Altcoin Market Primed for September Breakout, Says Analyst

Coin Edition

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