The altcoin market has just touched a key support level — a trendline that can be traced back to 2023. How important is this level? Historical data shows that every time this price is touched, altcoins tend to rebound by about 100% on average.



From a technical perspective, the confirmation of the support level is highly significant. When bulls gather at a critical support, it often indicates the brewing of the next upward trend. The current candlestick patterns and trading volume are building momentum for such a breakout. If this rebound pattern proves to be valid again, the upcoming upside potential is worth looking forward to. The market may be on the eve of a breakout.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
StopLossMastervip
· 01-03 04:54
It's the same old story... Will history repeat itself? I'm a pessimistic person.
View OriginalReply0
RektDetectivevip
· 01-03 04:53
It's the same old talk of "key support level" and "100% rebound"... Saying it every time, and what happens? It breaks. Historical patterns in the crypto world are meant to be broken.
View OriginalReply0
RugDocDetectivevip
· 01-03 04:43
Coming back with this again? Historical patterns in the crypto world are just meant to be broken. A 100% rebound sounds great, but it almost always falls short.
View OriginalReply0
LidoStakeAddictvip
· 01-03 04:26
100% rebound? Here we go again. I lost quite a bit the last time I heard this.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)