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Altcoin Bottom Near, Early Investors Could Earn Huge Profits: Analyst
- Analysts suggest that when the altcoin index drops below 25, it signals a buying opportunity.
- Intense fear in the altcoin market could precede a significant rally.
- Historically, early investors in altcoins have seen returns of up to 10 times their initial investment.
- Merlijn The Trader predicts a potential 'new altseason' as the Altcoin Index has fallen below 25, indicating a period of market fear.
- Merlijn advises that sentiment at such low levels often presents the best buying opportunities.
- A chart by Merlijn outlines buying zones when the Altcoin Index is below 25, suggesting potential for significant rallies post these lows.
- There is also an upper zone for selling altcoins marked when the index rises above 75, indicating an overbought market.
- Van de Poppe, another analyst, believes that the current market phase for altcoins is part of the natural cycle and anticipates significant gains ahead.
- Van de Poppe stays unwavering in his belief that a major bull run for altcoins is imminent.
- Both analysts imply that the current altcoin correction phase may signal the end of a downward trend.
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