While investors are confused by the sudden drops and increases in Bitcoin and altcoins, a German trader said he expects a parabolic rise for four famous cryptocurrencies.
German analyst and founder of Tokentus, Oliver Michel, advises investors to act quickly and buy before the prices of the four altcoins enter a parabolic rally.
At this point, the German analyst stated that the four altcoins for which he expects a parabolic rise are Dogecoin (DOGE), HBAR, XLM and Cardano (ADA), and stated that investors should follow these four altcoins closely.
Stating that these altcoins will rise very soon, the analyst said that things in altcoins will change very quickly.
“With the Bitcoin price rally, Dogecoin (DOGE), HBAR XLM and Cardano (ADA) provided huge gains to investors in November-December 2024.
However, things have been slow for these four altcoins and the market has been facing bearish trends and losses.
But I think things are going to change really fast now for these four altcoins.”
The German analyst's analysis revealed similar trends in altcoins. Accordingly, the analyst said that one of these altcoins experienced similar rallies at the end of 2024, increasing between 3x and 7x. Finally, the analyst stated that these four altcoins experienced a similar consolidation phase after the rally. At this point, the analyst stated that technical charts signal a parabolic rally for altcoins very soon, and said that technical indicators offer an excellent buying opportunity for investors.
*This is not investment advice.
