Altcoin Bullish Signals Emerge as Bitcoin Faces Potential Retest of $40K, Influential Crypto VC Warns

Crypto analytics firm Santiment has identified promising signals for certain altcoins. “Altcoins with extremely low funding rates are a great signal to buy into the crowd’s FUD right now,”

Crypto analytics firm Santiment has highlighted promising signals for certain altcoins amid the recent market downturn.

“Altcoins with extremely low funding rates are a great signal to buy into the crowd’s FUD right now,” Santiment said, sharing the latest data.

Three assets have notably stood out on Binance due to heavy shorting activity: Balancer (BAL), Chromia (CHR), and Celer (CELR). According to Santiment, these shorts could trigger price increases if a squeeze occurs.

Meanwhile, pseudonymous cryptocurrency analyst DonAlt has shared his thoughts on Bitcoin’s potential price trajectory, suggesting that a failure to invalidate the downtrend at key levels could lead to a continuation of the bull market. However, he also warns of potential downside risks if support fails.

This combination of altcoin bullish signals and Bitcoin’s precarious position has created a complex market environment, where investors are closely watching both large-cap and small-cap cryptocurrencies for potential opportunities.

In light of these dynamic market conditions, the upcoming Benzinga Future of Digital Assets event on Nov. 19 gains additional significance.

This conference promises to bring together industry leaders, investors, and analysts to discuss the latest trends and forecasts in the cryptocurrency space.

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