- Market observers expect a rally for altcoins since the MACD crossing indicates signs of higher returns.
- The altcoin market is now at the top point of a triangular wedge shape, indicating a big price change could happen soon.
- Analysts are confident that a breakthrough in this market could result in generational wealth for those who invest.
Analysts are warning of an upcoming boom for altcoins, which are crypto assets other than Bitcoin. According to MerlinTheTrader, an experienced trader on X, the altcoin market is experiencing a “bullish” phase, as indicated by the weekly MACD (Moving Average Convergence Divergence) chart.
The Bullish MACD Crossover Could Get the Altcoins Rally Started
This indicator is showing a sign that prices could move up in the near future. It pointed out that previous years saw significant gains for altcoins, 150% in 2023 and 90% in 2024, so the same might happen in 2025.
The picture from MerlinTheTrader shows a line chart that records the market cap of all altcoins. A green box is placed over the latest upward trend, which implies there might be a 150% increase if the situation repeats.
Under the main chart, the lines from the MACD graph are shown moving upward and are marked with green circles that say “Bullish Crossover.” The market is displaying signs that it is coming out of a slowdown and moving toward growth.
Source: X (@MerlijnTrader)
Altcoins Near Critical Breakout or Breakdown
In a separate post, the analyst shared a chart that shows that altcoins have been stuck in a pattern of consolidation for four years. As a result, the prices of cryptocurrencies have been holding steady, and this makes analysts predict that pressure is building.
The trend takes a triangular shape called a “wedge” as the gap between prices has become smaller. Merlijn The Trader notes that the market has reached the “apex” of the wedge, which means a big price move is about to happen.
The value of these altcoins could either surge upward or drop sharply, depending on which direction the market breaks. The total market cap of altcoins, according to the chart, is currently around $432.48 billion, down 4.87% recently.
Despite this dip, the trader remains optimistic, stating that what happens next might set the tone for the entire cryptocurrency market for years to come. The trader also emphasizes the potential for “generational wealth,” meaning that those who invest wisely during this period could see significant returns if the market breaks upward.
Source: X (@MerlijnTrader)