Predicting the beginning of the rally of altcoins; What do analysts say?

Analysts predict that the altcoin market is preparing for an uptrend; Because investors are very interested in buying.

This issue has led to a 1.49% growth in the total market value, and the 24-hour trading volume has reached $103.12 billion, which shows an increase of 2.2%.

These signs in volatile conditions mean that altcoins are approaching the growth stage. The recent movement of Bitcoin and its crossing of the $73,000 level also indicates the increase of market interest and the possibility of its contagion to altcoins.

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Meanwhile, famous crypto analyst Mustache identifies the ETH/BTC chart as a key indicator for the future growth of altcoins.

He believes that the pattern of accumulation and re-accumulation in ETH/BTC is similar to the 2018-2015 market cycle; A cycle that brought huge gains for Ethereum and accelerated the growth of altcoins.

Mastash has stated that if this pattern continues, altcoins will reach all-time highs. These patterns usually lead to bullish gains as buyers enter the market with more confidence. He points out that the formation of the descending angle pattern also strengthens the possibility of the market going up.

In addition, according to AMBCrypto, Solana is one of the tokens that will benefit from this situation if altcoins grow. Despite the fluctuations of the market, this cryptocurrency still maintains its upward position and its price has reached $178.14.

It is noteworthy that Solana, like ETH/BTC, is in the accumulation phase; The pattern that has previously made this cryptocurrency reach its highest historical price.

Now, if this trend continues, Solana could have a price increase of about 179.05% and reach about $361.88.