The altcoin market is entering a high-stakes phase, testing resistance levels that could lead to significant changes.
Altcoins and July Trend
According to CrypFlow's two-week chart, altcoins are in an ascending channel dating back to mid-2017. This market exhibits similar behavior in July, as seen in 2017 and 2021 when altcoins experienced sharp rallies.
Price Discovery Zone and New Market Top
This July, altcoins have approached the level of previous all-time high resistance. Experts suggest that breaking this level could unlock new horizons for growth as the market enters a price discovery zone, paving the way for new highs.
Market Momentum Signals New Phase
CrypFlow confirms that the current market situation signals the start of a new phase. Altcoins are showing strength, and if resistance breaks, vertical growth could ensue, placing bulls in full control.
Thus, altcoins are nearing a critical resistance level, and if this level is breached, it could initiate one of the most severe growth phases of the ongoing crypto cycle.
