Are Altcoins Set To Skyrocket? Analysts Spot Promising Signs!

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The cryptocurrency market is bouncing back, and many analysts are excited about the possibility of an “altcoin season” right around the corner. Crypto analyst Moustache points out that altcoins are ready for a big movement. This comes after a recent recovery in the Relative Strength Index (RSI), which has shown positive trends in the past. As Bitcoin’s dominance begins to fade, alternative cryptocurrencies are getting ready to take the spotlight. 

In the earlier altcoin cycle, the reclaimed RSI served as a clear signal that significant upward momentum was building. This indicator has shown promising signs in the past, notably during the 2014 to 2018 period when the total altcoin market cap surged from around $56 million to an impressive $10 billion by early 2017. 

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-RSI reclaimed