Next Altcoin Rally Expected in Eight Weeks, Analyst Says
Crypto analyst Ran Neuner warns investors to buy altcoins within 8 weeks for a potential rally by mid-September, identifying promising coins.
- Crypto analyst Ran Neuner warns investors to buy altcoins within 8 weeks for a potential mid-September rally.
- He highlights Bitcoin’s critical area of interest and the need to surpass key levels for a bull run, cautioning about risk near all-time highs.
- Neuner identifies promising altcoins like Ethereum, SUI, BNB, CRV, RNDR, STX, UNI, and PERP for remarkable returns during the rally.
- With minimal risk in the current market, he advises swift and strategic actions to maximize potential returns.
Crypto analyst Ran Neuner has issued a warning to investors, stating that they have less than eight weeks to buy their favorite altcoins. Neuner, the host of Crypto Banter, notes that Bitcoin is currently trading in an area of interest that investors should keep a close eye on. He anticipates that the price will pull back before bouncing off horizontal support.
According to Neuner, Bitcoin must surpass significant levels in order for a bull run to begin. One such level is the $32,000 mark. Despite the overbought sentiment in the Bitcoin market, Neuner believes that the situation can change quickly. However, he cautions that as the price approaches the existing all-time high levels, the market will become riskier.
#Altcoin Rally is about to happen very soon…
As Bullish Pennant Break-out already done in TOTAL-3 🚀
— The Crypto Titan’s (@cryptotitans11) July 21, 2023
Minimal Risk in the Crypto Market
Neuner suggests that the current crypto market carries minimal risk, making it an opportune time for accurate entry. He believes that this situation may last for a few more weeks before the market picks up and the risk level increases substantially.
Using various indicators, including the Bitcoin dominance metric and its divergence with BTC stock performance, Neuner predicts a strong rally for altcoins by mid-September. He expects the prices of several altcoins to increase significantly, with new coins leading the charge in terms of percentage rallies.
Promising Altcoins for the Rally
Neuner has identified several altcoins that he expects to post remarkable returns once the rally commences. Ethereum (ETH) is one of the altcoins he anticipates will lead the rally by bouncing off its 200-day moving average. Other altcoins identified by Neuner include SUI, BNB, CRV, RNDR, STX, UNI, and PERP.
In addition to issuing his warning, Neuner reveals that he and his team have invested in most of the altcoins he mentioned. They are also closely monitoring the remaining altcoins over the next eight weeks.
With the crypto market currently displaying minimal risk, Ran Neuner advises investors to seize the opportunity to buy altcoins within the next eight weeks. He highlights Bitcoin’s critical area of interest and the necessity for it to surpass significant levels for a bull run to begin. Neuner’s analysis suggests a potential rally for altcoins by mid-September, with Ethereum expected to lead the charge. As the market gains momentum, the risk level is anticipated to increase. As such, Neuner urges investors to act swiftly and strategically in the coming weeks to maximize their potential returns.