Justin Bennett, one of the most important analysts in the crypto money industry, stated that we can feel the breath of altcoins more in December.
Bennett expects altcoins to see a steep rise, especially after the recovery of the leading cryptocurrency Bitcoin.
DOGE and ETH at Breaking Point
According to the famous analyst, it plays the leading role in this bullish scenario. Ethereum and dogecoin can take place. In his statement to his 91,000 Twitter followers, the analyst stated that he actually expected the US Dollar index to decline in December.
This, of course, is known to be a positive signal for cryptocurrencies.
According to Bennett, a weaker DXY means a stronger crypto industry and altcoins can take the lead here.
Stating that altcoins will move with DXY closing below 95.80, the analyst especially pointed to the closing on Friday.
In addition, Bennett emphasized the TOTAL index, which monitors the total market value of the crypto money industry, and stated that this is in a big wedge formation and that a record rise may come with the end.
Reminding that the RSI has increased the bearish pressure, but this may fade, the analyst hinted that Ethereum may break a record next month.
Stating that ETH has reached the breaking point, the analyst expects a record price. Stating that $ 0.75 can be seen with the break of the $0.25 resistance for DOGE, the analyst said that DOGE is at the breaking point, implying how severe this rally can be.