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Coin Edition 2025-01-17 17:48:00

Altcoin Market Primed for $1.3 Trillion Run After 36-Day Correction, Analyst Predicts

Altcoins show bullish momentum after a 36-day correction, with a projected 27.5% gain toward a $1.3 trillion market cap. The market awaits a confirmed breakout above key resistance. Analysts predict a potential altcoin season driven by historical patterns and Donald Trump’s upcoming inauguration. The altcoin market is showing renewed signs of strength after a 36-day correction. According to analyst Captain Faibik, who posted a detailed chart on X, the altcoin market is showing signs of bullish momentum. “ After 36 Days of Correction, Altcoins Are Ready to Fly Again, ” Faibik stated. His chart reveals a bull pennant pattern forming in the total altcoin market cap, with a confirmed breakout above resistance. This technical pattern suggests the continuation of an upward trend, potentially pushing the market cap toward a $1.3 trillion target—a 27.5% gain from current levels. Altcoin Market Insights The breakout was confirmed with robust buying pressure, evidenced by a significant daily green candle above the pattern’s resistance line. Continued buying could drive broader market momentum, benefiting a range of altcoins. This comeback rally follows… The post Altcoin Market Primed for $1.3 Trillion Run After 36-Day Correction, Analyst Predicts appeared first on Coin Edition .

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