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Crypto Analysts Recommend Trading Strong Narrative Altcoins Amid Market Turbulence Crypto Analysts Recommend Trading Strong Narrative Altcoins Amid Market Turbulence

Top Altcoins With Strong Narratives To Trade In Volatile Markets

September has historically marked a bearish period for the crypto market, often signaling a challenging third quarter. Amid this week’s erratic price movements, experts anticipate further volatility.

In this uncertain climate, seasoned analysts provide strategic insights to trade the rough waters of the crypto market.

Analysts Share Altcoin Trading Strategies

Miles Deutscher, a prominent crypto analyst, advises traders to target “quality altcoins” during significant dips. Deutscher defines quality as strong narratives and relative strength against the broader market.

He recommends sectors poised for momentum as retail investors return, including real-world assets (RWA), artificial intelligence (AI), and meme coins. Deutscher highlights specific strong altcoins such as MANTRA (OM), SUNDOG, PEPE, Mog Coin (MOG), and Bittensor (TAO).

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

Furthermore, Deutscher asserts that asset allocation is more critical than timing. He emphasizes the importance of holding strong, narrative-driven coins rather than trying to time the market for minor price benefits.

“The worst thing is being in a bull run and seeing the market outperform, but the coins you’re holding underperform because that leads to all sorts of mistakes like rotating out of a coin you have conviction in into a coin you don’t have conviction in just to chase a pump and no one wants that in the market now,” Deutscher said.

On the social media platform X (formerly Twitter), Deutscher shared his analysis of the TOTAL 3 chart, an index that tracks altcoins excluding Bitcoin and Ethereum. He describes the current trend as a “classic downtrend regression,” characterized by lower highs and lower lows.

Consequently, he advises caution until an upward trend is firmly established. His trading strategies include buying significant dips at the channel’s bottom and investing after a structural break indicates a confirmed uptrend.

TOTAL3 Price Analysis. Source: TradingView

Similarly, Ansem, another experienced crypto trader, emphasizes the need for selectivity. He underlines the importance of choosing altcoins with strong fundamentals and compelling narratives. Despite ongoing market challenges, Ansem remains optimistic about Solana (SOL) due to its relative strength against major cryptocurrencies and its growing user engagement.

He anticipates positive developments around mid to late 2025, coinciding with potential macroeconomic improvements such as expected interest rate cuts by the US Federal Reserve.

Read more: What Is Altcoin Season? A Comprehensive Guide

Crypto Nova, an analyst, also foresees a promising altcoin season in 2025. According to Nova, the market follows a pattern of minor altcoin seasons leading to corrections, then significant upswings the year after Bitcoin halving events.

“The first wave of minor altcoin season takes place in the year of halving. For example, 2016, 2020, and 2024. The major altcoin seasons are always a year after the halving: 2017, 2021, and possibly 2025,” Crypto Nova said.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Harsh Notariya

https://beincrypto.com/analysts-altcoins-trade-strong-narrative/

2024-08-29 06:59:20

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