TechDev, a well-known analyst in the cryptocurrency field, presented promising signals for the altcoin market, suggesting potential growth after a long stagnation period. At the center of his analysis is the TOTAL3 index, which excludes major cryptocurrencies like Bitcoin and Ethereum.
Historical Patterns in the Altcoin Market
Current trends in altcoin prices reflect the Livermore Accumulation Cylinder, where prices create higher troughs and peaks in a gradual upward motion. Historically, such patterns can prompt rapid price escalations once the formation is complete. TechDev indicates that the present rise follows a significant four-year consolidation, paving the way for a likely surge in the market.
Impact of Stablecoins on Market Trends
According to TechDev, stablecoins hold a pivotal role in altcoin market trajectories. Their introduction into the market leads to general price increases. However, until now, stablecoin movements primarily produced brief recoveries rather than establishing a continued upward trend.
> TechDev: “Most people are still unaware. It relates to releasing stablecoins into the market. When there is an increase, the crypto market also rises. But most past actions were short-term moves contrary to the main trend.”
Influence of the Livermore Model on Altcoin Future
Historically recognized in financial markets, the Livermore Cylinder illustrates a pattern of rising peaks and troughs leading to sharp price acceleration. TechDev hypothesizes that the altcoin market may currently be in this upward megaphone pattern, suggesting potential future gains.
Before considering investments, observers are advised to conduct thorough analyses of the current market conditions. Existing signals within the TOTAL3 index point to a potential expansion, suggesting price increases could follow the consolidation phase’s conclusion.
Key takeaways from TechDev’s insights indicate that the altcoin market might be entering a new growth phase following a four-year consolidation. While stablecoin circulation significantly affects market trajectories, the opportunities for growth could arise depending on changes in their distribution. Current positive indicators could lead to tangible market rises, although investors should remain attentive to market changes and balance potential opportunities with inherent risks.
