According to Cryptonewsland, the altcoin market cap has rebounded to $887.55 billion, with technical indicators suggesting a potential rise toward $2.05 trillion. Market analyst BACH highlighted that RSI bottoming patterns and Fibonacci retracement levels align with previous bull cycles that led to major multi-month rallies. The Fibonacci targets at $1.35T, $1.65T, and $2.05T are seen as key resistance zones in the next potential bull phase. The RSI is currently at 46.9, near levels observed before past rallies in mid-2023 and early 2024. Analysts suggest that a sustained RSI recovery and a breakout above the median channel line could trigger renewed investor confidence and momentum-driven inflows into altcoins.
Altcoin Market Eyes $2.05T Cap as RSI and Fibonacci Patterns Signal Potential Rally
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