• Historical altcoin cycles show that re-accumulation phases often precede significant market rallies and price surges.
• Current market patterns resemble those of 2015 and 2018, suggesting a potential bullish phase in 2024.
• Pre-election volatility often transitions to stability, providing opportunities for strategic altcoin investments.

The altcoin market has remained to show long term trends that investors focus on monitoring. Analyzing the historical data of markets it can be observed that they have cycles such as re-accumulation and then rising rapidly. About these recurring patterns, movements have drawn attention recently due to pre-election variability identified in the recent period, which may point to further fluctuations as the market becomes stable.

Historical Market Cycles and Patterns

Analyzing previous altcoin markets reveals that the same cycle’s particular phases repeat frequently. Analyzing the market from the middle of 2015, it became clear that the market formed Double Bottom and went to growth having Higher Lows. This pattern was followed by a period of re-accumulation in 2016 consequently raising the value of the altcoin market.

Similar structures were observed in the 2018-2019 time frame wherein a similar double bottom pattern was seen to have followed through to higher lows from where the price went up. This phase involved what can be described as a re-accumulation phase that took the market to another higher phase. These patterns suggest that key support levels plus accumulation phases, are typically found to precede bullish progressions.

Recent Developments and Pre-Election Volatility

The current state of the market which is active in 2022-2023 accurately depicts previous cycles of the market. The formation of the double bottom pattern along with higher lows lingers a message to altcoin investors that they’re in another potential accumulation stage. It is pointed out that the pre-election period is dirty, but such conditions become more stable after which market activity returns.

We find further corroboration of this viewpoint in the lower part of the chart displaying RSI behavior typical of the past re-accumulation phases RSI behavior. The information about RSI figures complements earlier cases in which such patterns set a background for altcoins’ appreciation.

Thus, the long-term trend in the altcoins market remains of unbroken growth, although we observed some changes in the past several weeks. It is argued that this is typically followed by other less volatile phases in the market given that excessive covering and fluctuations are common during election related periods.

The post Pre-Election Volatility: What It Means for Altcoin Re-Accumulation appeared first on Crypto News Land.

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