Zilliqa has been going down since May 2021, the All-Time High and last major peak, the endpoint of the last bull-market. In late 2023 through early 2024 it did produce a minor bullish wave as many other pairs did, but the ensuing correction took prices to new long-term lows. Instead of the correction ending around the late 2023 lows, instead it moved lower and hit as low as the same price Zilliqa traded back in May 2020.
This short-term and long-term lower lows and price structure is indicative of bottom prices. The whole bearish phase until the 5-August low lasted 1,190 days, which is astonishing. Imagine what a 1,190 days bull-market would look like... The Altcoins can grow long-term.
We are seeing early reversal signals and also a recovery happening now. We can easily say that the low is in. If the low is not in, then it is pretty close. What we can say for sure is this, after a bearish wave comes a bullish wave; we are going up.
The Altcoins market is going up. Crypto is going up and everything will grow long-term.
We had really bad times and things looked pretty bad but at the end, there is always change.
The market never moves in just one direction, it never goes straight down or straight up. It cycles through different phases and when things look the worst, it changes and we experience growth. When everything is looking the best, it also tends to change and a new bear-market develops, it has been like this for as long as the markets exist. Knowing this, we can position ourselves and take advantage of these natural price fluctuations.
The chart is saying up. Many other dynamics, factors and signals are pointing to the same. Since we've been here before, we trust and prepare for growth.
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