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Welcome to this ALTCOINS INDEX update. This index is used for tracking the price of a basket of altcoins. If it pumps then altcoins will follow and starts pumping and vice versa.

Now let’s get to the chart.

Altperp index is trading inside a big falling channel in the daily time frame. Currently, it is holding an important support zone (Green box). Altperp index should bounce from here and also altcoins start pumping.

We might see some wicks to the downside as we saw previously but all those wicks give you an opportunity to buy more.

Invalidation level:- If any daily candle closes below the green box or breaks below the $3000 then this bullish scenario becomes invalidated.

What do you think altcoins can bounce from here?
Share your views in the comment section.

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Thank You!