Altcoin Is Predicted To Soar, February Will Be An Important Momentum
JAKARTA – The crypto asset market, particularly altcoins, is expected to experience a significant increase after a period of decline in value. Popular anonymous crypto analyst, Rekt Capital, through its X social media account followed by more than 531,500 users, said that it is currently a crucial momentum for altcoins to start strengthening, even potentially surpassing Bitcoin (BTC) performance.
In its latest analysis, Rekt Capital emphasized that the negative sentiment currently enveloping the altcoins market actually creates opportunities for investors.
“February will be a positive month for altcoins in 2023 and 2024. Will this trend continue for the third year? If so, altcoins are expected to approach the Minim Hype’ point before moving up in the coming weeks,” he said. The term Minim Hype indicates the lowest point of market interest before the resumption of enthusiasm and price increases.
One of the altcoins that received special attention was Solana (SOL). According to Capital Rekt, SOL shows signs of strengthening after successfully breaking the resistance level at 250 US dollars (around Rp. 4,050,000).
In the past week, SOL closed weekly trading in the range of US$252 (around Rp. 4,082,400), indicating potential confirmation of breakouts from the re-accumulation zone. Breakouts in this context mean prices have successfully penetrated the resistance level and have the potential to continue to rise. The re-accumulation zone indicates a period of price consolidation before the start of the upward trend.
Solana tidak hanya berhasil merebut zona re-accumulated, tetapi juga menunjukkan potensi breakout penuh. Yang dibutuhkan saat ini adalah penutupan mingguan di atas 250 dolar AS, diikuti kemungkinan retest pasca-breakout, imbuh Rekt Capital. Retest mengacu pada pengujian tingkat resistensi yang telah diperopat sebagai level support baru.
Historical data shows that February tends to be a period of strengthening for altcoins in the last two years. If this trend continues, February 2025 has the potential to be an important momentum for altcoins to show their best performance. Based on a graph shared by Rekt Capital, altcoins are currently in the ideal zone for investors to enter the market before reaching a potential peak price in April.
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