Trading expert warns altcoins will bleed before going ‘much higher’
Altcoins surged last week, following Bitcoin’s (BTC) leadership in what some analysts are calling “the biggest crypto bull run ever.” However, a cryptocurrency trading expert warns of caution as all cryptocurrencies could soon start bleeding before “sending them much higher.” In the past seven days, US-based altcoin projects like Ripple’s XRP, IOHK’s Cardano (ADA), and Algorand’s (ALGO) got the spotlight. XRP, for example, surged by over 83% in a week, as Finbold reported, breaking the $1 mark and eyeing $8. Yet, CrypNuevo believes this bull rally could soon face resistance and bleed into a “shallow pullback” in the following days. The analyst shared this projection on November 14, looking at BTC psychological levels and TradingView ’s Bitcoin Dominance Index (BTC.D). Picks for you Is Elon Musk’s AI Grok set to replace Google? ...