$OTHERS rejected from $320 B resistance. What is next?
OTHERS Rejected at $320B: Is the Altseason on Pause?OTHERS just got rejected at the $320B resistance after a decent pump — the kind that usually signals the start of an altseason. But if we dig into the indicators, warning signs are flashing:- MACD is sitting in overbought territory.
- RSI is heavily extended, signaling potential exhaustion.
- EMA 100 & 200 are colliding with the top of a previous downtrend channel — a zone that historically acted as strong resistance.
The rejection was sharp. So what's next? Are we entering a range between $320B and $260B? It's quite possible. The aIf you wantltcoin market now sits at a decision point: either it keeps pushing higher or takes a breather — potentially pausing the rally until September.
Historically, August is a slow month in the West. People go on vacation, volumes drop, and markets tend to cool off. This seasonal pattern supports the idea of a consolidation phase before a stronger second leg of altseason kicks off in mid-September and carries into Q4.
I’m not posting too many ideas lately because the market landscape has changed. The new players aren’t just trading — they’re manipulating flows with massive capital to hunt retail liquidity.
They’re also using far more sophisticated tools than our classic MACD and RSI — including AI-powered indicators and multi-layered analytics that are beyond retail reach.
In this new environment, predictions are harder and risk is higher.
🧠 Do Your Own Research (DYOR), stay sharp, and don’t blindly trust social influencers.
Trade active
$OTHER was rejected at my resistance target of $320B, as forecasted, and is now struggling around the mid-range level of $292B. There's a high probability it will test the lower range at $225B before making another move upward.
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Twitter X: x.com/cryptonikkoid
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I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
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Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.