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<ul class="news-points"> 
 <li><strong>Michael van de Poppe tweeted yesterday that smaller capped altcoins are in an accumulation phase.</strong></li> 
 <li><strong>The analyst shared that the accumulation trend is evident in the weekly Others charts.</strong></li> 
 <li><strong>Technical indicators suggested that the collective market cap for altcoins may drop in the coming week.</strong></li> 
</ul> 
<p>The renowned cryptocurrency trader and analyst Michael van de Poppe tweeted yesterday that the cryptocurrency market is in an accumulation phase. In the post, he added that the accumulation phase can be seen in the weekly chart for the total market cap for cryptocurrencies excluding <a href="https://coinedition.com/ethereum-vs-bitcoin-use-cases-technical-differences-scaling-issues/" rel="noopener noreferrer nofollow">Ethereum (ETH) and Bitcoin (BTC)</a>.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Two stages of capitulation:<br>– Price capitulation (May '22 surrounding the <a href="https://twitter.com/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LUNA</a> collapse).<br>– Time capitulation (happening since -&gt; 470 days now).<br><br>That's the accumulation phase, shown by the Others <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> chart. <br><br>Be wise, accumulate. <a href="https://t.co/pN1kiuGIHV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pN1kiuGIHV</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1688262915885867008?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 6, 2023</a> 
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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  <img decoding="async" width="1835" height="893" src="https://coinedition.com/wp-content/uploads/2023/08/Others-1.png" alt="" class="wp-image-326658" srcset="https://coinedition.com/wp-content/uploads/2023/08/Others-1.png 1835w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-313x152.png 313w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-768x374.png 768w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-1536x747.png 1536w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-696x339.png 696w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-255x124.png 255w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-414x201.png 414w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-377x183.png 377w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-328x160.png 328w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/08/Others-1-129x63.png 129w" sizes="(max-width: 1835px) 100vw, 1835px"> 
  <figcaption class="wp-element-caption"> <em>Daily chart for Others market cap (Source: <a href="https://www.tradingview.com/x/krATo1qg/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)</em> 
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<p>From a technical standpoint, a symmetrical triangle had formed on the daily chart for the total market cap of all cryptocurrencies except ETH and BTC. This pattern suggested that a breakout in the…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/now-is-a-good-time-to-accumulate-altcoins-according-to-analyst/">Now Is a Good Time to Accumulate Altcoins, According to Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Now Is a Good Time to Accumulate Altcoins, According to Analyst

Coin Edition

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