- Altcoin Phala prepares to make bull run of over 701%.
- The coming altseason could be the biggest altseason run yet.
- Several altcoins continue to show highly bullish indicators.
Expectations for altseason heat up despite growing anticipation for the bearish red month of September and its brutal correction that could lead to the price of Bitcoin falling below the $100,000 price range. In particular, altcoin Phala prepares to make bull run of over 701% in the coming altseason peak phase. Similarly, several altcoins are showing strong signs for a roaring altseason pump.
Altcoin Phala Prepared to Make Bull Run of Over 701%
The crypto market just saw BTC set a new ATH at the $124,000 price range, only to follow it up with a steep decline in market prices. In detail, the price of Bitcoin (BTC) fell to the $115,000 price range and instead of rallying, fell further to the $112,000 price range, adding fuel to the expectation of BTC price falling below the $110,000 price range to 5-digit prices in the coming bearish red month of September.
Furthermore, during this dip, the price of Ethereum (ETH) fell from $4,700, just short of reclaiming its previous ATH price set in the $4,800 price range 4 years ago, to the price of $4,100 and has since been trading between the $4,200 and $4,300 price range. This shows ETH’s resilience and the fact that it has been steadily outperforming BTC, and continues to do so, makes analysts believe that the September won’t affect ETH price as much.
In response, expectations for altcoins to perform in a superior manner compared to BTC in the coming weeks ahead grow momentum. However, most analysts know that BTC price sinking will bring down the entire market, but perhaps not as much for altcoins in this coming correction phase. Of course, most altcoins have been showing bullish signals on their price charts since before the bull run began, making new signals no less important.
As we can see from the post above, one of the most bullish altcoins this bull cycle is Phala (PHA), blockchain project that is the new cloud for confidential AI . It provides cryptographic attestations that allow users to verify the integrity of AI workloads in real-time. The reputed analyst in the post says that the bull target for PHA price remains at the $1.0201 level due to a confirmed and holding price breakout, which will result in a pump over 701%.
Altseaon Peak Phase Could Roar Explosive
As we can see from the post above, one reputed crypto analyst says that many get the feeling that this bull cycle requires being more patient than previous cycles. This is because this bull cycle’s altseason was delayed and that expectations lead many to believe the coming altseason phase will be the most bullish one yet. Thus, he concludes that the long wait will be worth it, and that the sign remain clear in the long-term,
