Altcoins Poised for Major Breakout, This Crypto Expert Predicts, Here\'s the Perfect Time to Invest

Following a significant pullback recently, the market turned bearish, with extreme fear dominating sentiment. However, as the market sentiment becomes more bullish

A prominent crypto expert has highlighted several altcoins that are primed for breakouts amid an impending crypto market recovery.

During an appearance on The Paul Barron Network, guest host The Trading Parrot analyzed altcoin breakouts. He compared Binance Coin (BNB) to other layer-one cryptocurrencies, noting that BNB has shown exceptional performance despite recent dips.

“Binance Coin has done incredibly well. Even though we have seen some recent dips, if you compare BNB to other layer ones, such as Avalanche, BNB has performed very well,” the analyst said.

He observed that BNB has been printing higher highs and lows, indicating a bullish trend.

“It already experienced a breakout and reached an all-time high recently. This shows the strength of BNB, especially considering the negative sentiment and regulatory challenges Binance has faced.”

Next, the analyst examined the Near Protocol. He noted that it is still in an early entry phase and has not yet broken out, presenting an opportunity for traders.

“Near is still in early entry and has not broken out yet. It is consolidating and entering a squeeze, which could lead to a breakout if Ethereum performs well in the coming weeks,” the analyst said.

He added that the buildup of energy over 120 days suggests a significant move could occur.

“We have also seen low performance in social metrics, which often precedes a bullish reversal.”

The analyst also discussed Render and observed a similar setup to other altcoins.

“Many altcoins have experienced declines but are now showing signs of accumulation and potential breakout. We are seeing bullish divergences and pressure to break above its trend line, indicating a possible upward move.”

Finally, for meme coins like Pepe, the analyst pointed out that despite some thinking they are dead, there are signs of breakouts.

“Pepe is approaching a trend line, and if it closes above this line, it could signal a strong move upward. We have also seen low social activity and high short interest, which creates conditions ripe for a bullish reversal.”

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