SOL, TAO, FOXY, and DOGE Flash Bullish Cup & Handle Signals While Ethereum Mirrors Bitcoin’s 2020 Price Chart

October 23, 2024 at 01:20 PM GST updated: October 23, 2024 at 12:00 PM 2 mins read News A respected analyst has identified four altcoins that display bullish cup and handle formations: SOL, TAO, FOXY, and DOGE. These altcoins may experience significant gains in the near future. Ethereum's price pattern is mirroring Bitcoin's bullish 2020 surge. Despite Bitcoin's recent dip to the $66,000 range, its bullish momentum remains strong. The Crypto Fear & Greed Index indicates a "Greedy" score of 71, reflecting the continued bullish sentiment in the crypto market. The potential for a strong Q4 pump remains high, and analysts are observing a similar bullish pattern in multiple altcoins. The anticipated Bitcoin pump in Q4, with a predicted price range of $100,000 to $150,000, fuels expectations for a bullish altseason in Q1 of 2025. Numerous altcoins are exhibiting bullish patterns on their price charts, including hidden bullish divergences and inverted head and shoulders formations. 4 Altcoins Exhibit Cup and Handle Signal While some altcoins have already experienced gains, others are yet to begin their upward trajectory. Several altcoins are displaying a highly bullish cup and handle formation, similar to Bitcoin's. This pattern is a strong indicator of potential explosive gains for holders. Cup and handle szn 👀 $SOL $TAO $FOXY $DOGE pic.twitter.com/GSlp6wA0Ai — Miles Deutscher (@milesdeutscher) October 23, 2024 The analyst identified four altcoins that exhibit this bullish pattern: Solana (SOL), Bittensor (TAO), Foxy (FOXY), and Dogecoin (DOGE). The price charts highlight that all four assets are poised for a significant pump. Ethereum Mirrors BTC's 2020 Pump Pattern #ETH is forming structure similar to #BTC 2020 when it was at 10k. pic.twitter.com/ZLhEs9GJsp — ᴀʟᴛꜱᴛʀᴇᴇᴛ ʙᴇᴛꜱ (@AltstreetBet) October 22, 2024 Ethereum (ETH), the leading altcoin, is also displaying a price pattern similar to Bitcoin's (BTC) in 2020 when the asset was at $10,000. Could ETH experience a surprisingly stronger pump than anticipated during this bull run? The arrival of altseason may reveal its cycle top.