The post Crypto Market Rising From Ashes As Altcoin Season Is Around The Corner! appeared first on Coinpedia Fintech News

Justin Bennett, a cryptocurrency analyst, believes that altcoins’ values are about to surge after a prolonged period of stability and sideways trading. 

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justin bennett
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explained to his 109,900 Twitter followers that the total market cap for altcoins has been winding in a lengthy wedge pattern, suggesting a significant upcoming change.

We are nearing the conclusion of the current crypto lull. A market’s buildup of tension before breaking out is proportional to the force of the subsequent surge. Be prepared!

Bennett Predicts DXY to Break

Bennett argues that the US Dollar Index (DXY) is about to break out a major reason for his bullish stance. The DXY measures the value of the US dollar relative to a basket of foreign currencies; a decline in the DXY is often interpreted as positive for risky investments like cryptocurrencies.