- Rarest altcoin signal just fired, igniting bullish sentiments.
- This signal indicates strong green light for altseason arrival.
- Analyst expects quick and volatile price pump soon.
The crypto market has been facing a lot of pull and push action ever since the $20 liquidation event, leading to analysts debating over what to expect for the prices of crypto assets over the coming months. Presently, bearish and bullish analysts are clashing over how best to proceed going forward. Amidst talk of altseason possibly being missed this bull cycle, the rarest altcoin signal just fired, indicating strong green light for altseason arrival.
Rarest Altcoin Signal Just Fired
The ongoing bull cycle is indeed a strange one based on the way it has progressed so far. Compared to previous bull cycles, this ongoing cycle has been very different in many ways. To highlight, the price of Bitcoin (BTC), the pioneer altcoin asset, went on to set its first ATH of this bull cycle before the Bitcoin Halving event occurred, a feat that has never happened before. What’s more, altseason has been repeatedly delayed.
It began in Q1 of this year when altseason was expected, as every Q1 following the Bitcoin Halving event has always ushered altseason. However, what came instead was a brutal correction phase, sending BTC close to its last cycle’s top price. After this, the price of BTC began to pump, taking with it the price of the pioneer altcoin asset, Ethereum (ETH), which finally bottomed during the correction.
Since then, altcoin enthusiasts have steadily watched the price of ETH climb higher and move towards reclaiming its previous ATH price in the $4,800 price range. Soon after it reclaimed this price, the price of ETH then finally hit its first and only new ATH price so far this bull cycle in the $4,900 price range. Analysts then hoped ETH would shoot to $5,000 and explore its price discovery range.
Strong Green Light for Altseason Arrival
Now, despite the crypto market reset, the price of BTC is still quite a long way away from the $5,000 price target. Still, analysts remain hopeful as many believe that the bull cycle cannot end without an altseason, leading to traders and analysts patiently hoping to see the price of ETH climb high and hit new ATH prices. Supporting this outcome are several bullish indicators across the market.
As the post above highlights, one such bullish indicator has come in the rarest altcoin signal that just fired. The analyst then goes on to describe what this fact means. In particular, it marks how there have been only 3 MACD crosses in 8 years, and each one kicked off an altcoin supercycle. The analyst concludes saying that this move will lead to a sudden and volatile upward surge, leaving many behind.
