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Three altcoins that are performing stronger than the market have transitioned into a sustainable uptrend on the 12-hour timeframe. The market is still at a crossroads, so this could either be the "early birds" of the upcoming growth or a false signal. Although this is not common on such timeframes, it does happen, especially with altcoin uptrends. The suffering of bulls regarding these has been ongoing for more than a year.
In the list:
- #ASTER,
- #JUP,
- #PYTH.
The targets of the uptrend and potential breakdown levels are in the screenshots.
What stands out across all three:
- the growth in recent days has been impulsive, and a correction seems likely, so testing the potential breakdown levels should not be ruled out,
- important intermediate support - EMA 50 on the 12-hour timeframe,
- a correction for all three assets has already begun.
The answer to the question "is this a reversal or a bounce?" still depends on the picture on higher timeframes - daily, 2-day, 3-day, and weekly. BUT if, in the coming days, altcoins begin a mass transition into an uptrend on the 12-hour timeframe - this could be considered a significant hint in favor of the "reversal" option.$BTC $XRP $BNB
