Crypto Strategist Pentoshi Signals Potential Market Recovery – BitRss

Crypto strategist Pentoshi is renowned for accurately predicting the peak of the 2021 crypto cycle. In recent statements through social media, he indicated a potential bottom formation in the altcoin market. According to Pentoshi, the market seems unaffected by negative economic news, which may signal the first signs of recovery.

Negative News No Longer Influencing Prices

Pentoshi’s analysis shows that many cryptocurrencies are trading at long-term support levels. Previously, negative economic developments had a noticeable impact on prices, but this effect appears to have waned.

The strategist noted that negative news is no longer dictating price movements, which could be a sign of relief. He suggests that assets maintaining their positions at long-term support levels might enter a recovery trend, which is considered promising for traders.

Altcoins Entering Average Reversal Movements

Among the highlighted assets in Pentoshi’s altcoin analysis is PENGU ($0.01). Associated with NFT ($0.00) projects, the PENGU…