The altcoin market is showing promising signs of a bullish trend as the 'Golden Cross' is about to form on its weekly chart. This technical development occurs when the 100-week moving average overtakes the 200-week moving average, historically signaling a strong upward momentum. Investors and market enthusiasts often regard this crossover as a precursor to substantial price gains in altcoins.
The potential formation of this Golden Cross has generated buzz and anticipation in the crypto community, with many speculating on the possibility of a new altseason. As market participants await this critical technical indicator, attention remains focused on how it might dictate the future trajectory of altcoin prices, igniting potential investment opportunities.