Market observers expect a rally for altcoins since the MACD crossing indicates signs of higher returns.
The altcoin market is now at the top point of a triangular wedge shape, indicating a big price change could happen soon.
Analysts are confident that a breakthrough in this market could result in generational wealth for those who invest.
Analysts are warning of an upcoming boom for altcoins, which are crypto assets other than Bitcoin. According to MerlinTheTrader, an experienced trader on X, the altcoin market is experiencing a “bullish” phase, as indicated by the weekly MACD (Moving Average Convergence Divergence) chart.