• Home
  • Altcoins poised for rally amid bullish technical signals

Altcoins poised for rally amid bullish technical signals

Key Takeaways

  • Altcoins may be poised for a significant price surge despite recent market weakness.
  • Technical indicators such as the inverse head-and-shoulders pattern and the MACD cross point to a possible rally.
  • An increased supply of stablecoins like USDT and USDC signals growing liquidity in the crypto market.
  • XRP and AAVE are two altcoins that could particularly benefit from this development.

Technical Indicators Point to an Altcoin Rally

Altcoin markets are showing signs of an impending recovery, despite a general decline in market capitalization by 2.87% over the last 24 hours. A well-known crypto analyst, Moustache, has identified several technical factors that suggest a potential rally.

A key pattern he highlights is the inverse head-and-shoulders pattern, which is occurring within a descending channel. This pattern, characterized by price fluctuations between resistance and support lines, often signals an imminent breakout. Such a breakout could push prices to the upper end of the channel or even beyond.

Additionally, a “Golden Cross” has been observed in the Moving Average Convergence Divergence (MACD), where the MACD’s blue line rises above the orange signal line. Historically, this has been a strong indicator of upward price movements.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Increased Liquidity Boosts Optimism

Another positive factor is the rise in liquidity within the crypto market. Tether Treasury recently minted 1 billion USDT (Tether), indicating increasing demand for stablecoins. These stablecoins are often used to buy Bitcoin and other altcoins, suggesting an optimistic market outlook.

In addition, at least 50 million USDC (USD Coin) has been injected into the market over the past few days. This further enhances liquidity and could pave the way for an altcoin rally.

XRP and AAVE: Two Altcoins with Potential

XRP and AAVE are among the altcoins that could particularly benefit from the current market developments.

XRP has maintained its position among the top 10 cryptocurrencies despite legal challenges with the U.S. Securities and Exchange Commission (SEC). Over the last 12 months, XRP has gained 14.02%. If the altcoin market experiences a rally, XRP could target key liquidity zones at $0.74 and $0.936. A renewed surge to $1 is also possible.

AAVE has shown impressive performance over the past few months. Between August 5 and September 9, its price surged by 110.12%. As a leading DeFi protocol (Decentralized Finance), AAVE has the potential to grow further in the next altcoin season. A price increase to $243 could be possible, a level last seen in April 2022.

Our Assessment

Current technical indicators and rising liquidity point to an impending altcoin rally. XRP and AAVE, in particular, could benefit from this development. However, it remains to be seen whether the market will achieve the necessary breakouts from current patterns to confirm the rally. Investors should closely monitor technical signals and market conditions before making any decisions.

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (20)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Floki Coin Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tamadoge Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 30 days to claim
14 days to wager / 7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Christian Dräger on 3. October 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 1.03 BTC + 225 Free Spins
Welcome bonus
Cryptocurrencies (29)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Floki Coin Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x bonus
40x free spins winnings
Minimum deposit 0.0005 BTC
Maximum bet 0.00004 BTC
Bonus validity 30 days after registration
14 days (1st), 7 days (2nd), 1 day (3rd)
  • To get the bonus, enter the bonus code before the deposit.
  • Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
  • Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
  • Free spins are provided in batches of 25 per day.
  • Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
How did we rate this casino

Bets.io stands out as one of our top-rated crypto casinos. It combines everything you love about Dama casinos — like a stellar game selection and rock-solid reliability — with a refreshing twist: no frustrating KYC processes and no outdated payment methods.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 16. September 2024
Anjuan Gaming
Anjouan
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Gregor Ziegler on 12. September 2024
Curaçao License
Curaçao
Licence

Latest News

Created by

Before joining Kryptocasinos.com I've worked with some of the biggest brands in the iGaming industry. I currently lead the North American initiatives at KC, overseeing our reviews process for the US and Canada. In my leisure moments, you'll discover me immersed in the creation of avant-garde fractal art or engaging in culinary experiments as I invent new dishes.
Reviewed by
Nerd of Numbers

Last update: 30. September 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare