- Dan Gambardello analyzes altcoin trends before Bitcoin halving on social media.
- Jason Owen notes Cardano’s bearish head-and-shoulders pattern on the daily chart.
- Michaël van de Poppe lists top altcoins to buy before next season.
Dan Gambardello, the creator of Crypto Capital Venture, utilized social media platform X to showcase the weekly price charts of several alternative cryptocurrencies, specifically Cardano
In his message, he pointed out that the weekly price movements of these particular “random” altcoins seem to be on a similar path leading up to the Bitcoin halving event, typically followed by a season where altcoins flourish. Gambardello suggested that this is just the beginning, implying that there could be an upcoming surge in the value of these digital currencies.
In response to Gambardello’s analysis, cryptocurrency aficionado Jason Owen also used platform X to comment, noting that Cardano’s (ADA) price movement appears more favorable on the weekly chart than the hourly one and exhibits a head-and-shoulders pattern on the daily chart.
Fascinatingly, the head-and-shoulders pattern signifies a bearish signal. It consists of one head and two shoulders that create nearly identical peaks. This typically suggests a reversal of a bearish trend, implying that prices are likely to decrease until the pattern is invalidated.
Gambardello’s shared price movements of the four alternative cryptocurrencies reveal that starting from the year 2024, there has been a remarkable upward trend in prices with minor pullbacks, followed by a resurgence in upward momentum.
As previously stated, renowned Bitcoin expert Michaël van de Poppe has identified ten alternative cryptocurrencies that investors should acquire before the next altcoin season begins. The list features Chainlink
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
