Crypto Experts Predict Altcoin Recovery in September Despite Recent Declines

Recently, most altcoins have seen significant declines, leading to growing skepticism among crypto investors about owning these assets.

However, the situation may not be as bleak as it seems. Some crypto experts dispute the prevailing negative sentiment and predict a potential recovery for altcoins in September.

Crypto analyst “Captain Fabik” recently shared on the X platform that the altcoin market is expected to recover after mid-September, although he expects mostly range trading in the weeks leading up to it.

What’s about #Altcoins sir??

Most altcoins are down 60-70% since the March high, and I know Altcoin holders are Panicking.

Markets will likely remain Sideways for the next couple of weeks, and then There’s hope that altcoins will bounce back after mid-September.

In Q4,… pic.twitter.com/qFwWKaUFDb

— Captain Faibik 🐺 (@CryptoFaibik) August 31, 2024

The expert also suggested that the market could reach the levels seen in March 2024 by the last quarter of this year.

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Similarly, Michael van de Poop, another renowned crypto expert, discussed the possibility of a September rally in altcoins in a recent post on X.

He described the overall altcoin market as promising, noting the formation of higher lows on longer time frames. This pattern is often seen as a positive sign, indicating that the market may be stabilizing and frequent declines slowing.

Alexander Stefanov