Altcoin Pumped Over 10%: Is Altcoin Season Back? $
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3 Altcoins Rally Over 10%: Is Altcoin Season Back?
Three altcoins outside the top rankings surged on May 6, with Filecoin (FIL), Internet Computer (ICP), and Dash (DASH) each jumping over 10% in just one trading day.
This simultaneous movement indicates renewed interest in mid-cap altcoins that had been trading in a narrow range throughout April. The daily candlestick chart shows a breakout, increased volatility, and the RSI entering bullish territory for all three tokens.
Filecoin (FIL) has been moving between US$0.80 and US$1.06 over the last three months in a tight accumulation range. On the Visible Range Volume Profile (VRVP), the strongest support area sits at US$0.91 within that range.
This simultaneous movement indicates renewed interest in mid-cap altcoins that had been trading in a narrow range throughout April. The daily candlestick chart shows a breakout, increased volatility, and the RSI entering bullish territory for all three tokens.
Filecoin (FIL) has been moving between US$0.80 and US$1.06 over the last three months in a tight accumulation range. On the Visible Range Volume Profile (VRVP), the strongest support area sits at US$0.91 within that range.
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