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Pentoshi, a well-followed crypto trader, predicts an imminent surge in the altcoin market after accurately forecasting the peak of the crypto market in 2022. He emphasizes the potential for a significant rise, suggesting that market trends indicate a favorable shift for altcoins.
Tracking the OTHERS Chart
Pentoshi has closely examined the OTHERS chart, which tracks the market capitalization of all cryptocurrencies excluding the top 10 coins and stablecoins. He notes that the movements in this chart signal positive trends for altcoins, reflecting a potential upswing.
For an extended period, most altcoins have not experienced significant upward movement. The stagnation in ETH prices has contributed to this negative sentiment. However, cryptocurrency investors believe that the conclusion of crypto lawsuits during the Trump era will create opportunities for a bullish environment in the market.
Forecasting a Rise in Cryptocurrencies
Pentoshi also points out the TOTAL chart, which monitors the market capitalization of all crypto assets excluding stablecoins. He claims that the increases in this chart indicate that both Bitcoin 
$105,377 and altcoins are gaining value.
According to Pentoshi, the OTHERS chart poses a threat of breaking through a resistance level of approximately $500 billion, which could serve as a bullish signal. The formation of a bull flag on this chart suggests that after a brief stagnation, a new upward trend may emerge.
As of the article’s writing, the OTHERS chart shows transactions at a level of $362.22 billion. Pentoshi predicts that the TOTAL chart could increase by at least 18% from current levels and may soar to as high as 88% by the closure of the crypto bull market.
The recent fluctuations in the crypto market present new opportunities for investors. Forecasts from analysts can be crucial for understanding the overall health of the market and potential future movements.
