PENGU Makes Bullish Pump Setup as OTHERS Altcoins See Surge in Interest, Signaling Bullish Q4
- PENGU makes bullish pump setup and prepares for a sharp rally.
- OTHERS altcoins see surge in interest, signaling bullish Q4.
- PENGU and DOGE stand as some of the most promising altcoins this altseason.
The crypto market prepares to enter Q4 after what could be an anxious end to the ongoing Q3 phase. Presently, the crypto community awaits to hear the Fed’s rate cut decision. This could result in a bearish state for BTC but a bullish phase for altcoins. At the moment, PENGU makes bullish pump setup as OTHERS altcoins see a surge in interest, signaling a glorious price pump in Q4.
PENGU Makes Bullish Pump Setup
The crypto market is stuck in a precarious position, and the state of the market could change within the next 12 hours based on the Fed’s rate cut decision. Several reputed crypto analysts are arguing over what direction the crypto market will take. To highlight, some believe that this is the end of BTC’s run, and a correction would finally break Bitcoin Dominance, giving altcoins the chance to surge.
On the other hand, some believe that BTC has one more pump left in it and could play out after a small correction before giving altcoins the chance to dominate the market and make significant gains in Q4 by finally ushering in the long-awaited altseason phase. Already, several promising altcoins are printing multiple bullish indicators on their respective price charts, and whales are accumulating faster than ever.
Presently, analysts and traders have noticed that interest in the assets below the top 10 ranks has been gaining greater attention. This means that altseason is fast approaching, and during this time, other altcoins below rank 10 will likely see greater surges compared to pumps experienced by the top 10 crypto assets, which include BTC, ETH, SOL, XRP, DOGE, HYPE, BNB, PUMP, ENA, and SUI.
Supporting this outlook is the analyst who highlights a bullish observation for OTHERS as we can see in the post above. In detail, a chart that excludes the top 10 crypto coins (OTHERS) is keeping many crypto traders, investors, and analysts optimistic. The analyst in the post above reminds the crypto community of the mpower and potential of crypto assets, and states that a lot can happen in between the months of October and November.
OTHERS Altcoins See Surge in Interest
Meanwhile, another reputed analyst, trader, and crypto enthusiast shares a bullish observation on the popular memecoin PENGU. To highlight, the post says that PENGU is making a clean recovery and mentions how reclaims don’t get much cleaner than what is depicted in the image accompanying the post, with invalidation of the setup being just a few % away. He also added that PENGU and DOGE are his top memecoin bets for the coming weeks and months ahead.
