The post $DOT and $ADA Show Major Break-Out Signs as $GFOX Pushes Towards $4 Million appeared on BitcoinEthereumNews.com.

Retail investors are flooding back into crypto markets, and even giants from the last cycle are starting to wake up. Liquidity inflows from Bitcoin ($BTC) ETFs continue to drive the market leader upwards, and with an Ethereum ($ETH) ostensibly coming later this year, investors should be prepared for a 2017-style altcoin season. Big gains among the top ten cryptocurrencies and Polkadot ($DOT) and Cardano ($ADA) show major break-out signs as Galaxy Fox ($GFOX) pushes towards $4 million. Is altcoin season just around the corner? Polkadot ($DOT) and Cardano ($ADA) Show Major Break-Out Signs  Polkadot is up nearly 20% over the last two weeks, and breaking above the $8 will be massive. Once $DOT can flip this level, there is a significant point of resistance just below $10, but if $DOT can break this year-long accumulation range, it will go straight to $23 without taking a breath. When $23 goes from resistance to support, $DOT will be well on its way to reclaiming its ATH. Cardano is in a similar spot, up over 25% in the last two weeks. If $ADA can turn the 200-day moving average into support instead of resistance and break out of the consolidation price range it has been in since last May, there will be nothing stopping $ADA from shrieking toward $1.20. And then, it will be a question of retargeting its ATH. Plenty of altcoins are showing similar behaviour patterns and are approaching breakouts following nearly year-long consolidation phases. These patterns playing out among the top ten cryptocurrencies and other major altcoins signal a massive run-up is brewing. Galaxy Fox ($GFOX) Pushing Toward $4 Million Galaxy Fox is pushing towards $4 million, and its resounding success in building momentum early indicates a huge price discovery phase waits in the wings for this small-cap gem. Listed…

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Filed under: News - @ February 21, 2024 10:12 pm