$OTHERS are bleeding, but it will stop soon! Be prepared!
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Altcoins are bleeding heavily. In my previous analysis, I identified the reversal and the initial bounce that led to the small altseason in December 2024. However, it was rejected twice, forming a double top, and now this pattern is playing out.
I understand the frustration, but things cannot keep going down forever. I’ve marked the possible resistance levels with green lines.
The MACD is still strongly bearish, but we’re nearing the end of this trend. A couple more weeks may be needed for a bullish MACD crossover.
The RSI supports this outlook, showing we’re close to the bottom.
A little more patience, and recovery will begin. From this chart, I can confidently say that accumulating now is likely to pay off when the bounce occurs.