Global market capitalization is gradually increasing as crypto platforms demonstrate sufficient power to lay down a significant upswing quickly. Because the ‘SuperTrend’ has turned bullish, the entire crypto market cap has flashed a massive buy signal. Supertrend is one such indicator that provides a straightforward buy and sells sign. It is known as a pattern line if it is above or below the current value, depending on whether the BTC value is bullish or bearish.
If the pattern line intersects the value, the Supertrend line changes color from red to green or vice versa, triggering a signal. A crypto enthusiast discovered the large purchase sign that has flashed and expects the crypto market cap to experience a 10x rally in the coming days.
Previously, when the purchase signal was flashed out in July 2020, the overall market grew by more than 10x, rising from $300 billion to as much as $3 trillion. Aside from that, the first-ever purchase sign resulted in a 200x increase, implying that if the character appeared again, the impact on global market capitalization could be significant. Meanwhile, the market capitalization, currently around $1.1 trillion, could rise sharply to new highs in the coming days.
When the market cap skyrockets, popular tokens like Bitcoin, Ethereum, Solana, Polkadot, and many others may set new highs in the coming days. This could also spark a bull run, propelling the ADA and XRP prices to new highs currently contained within minor ranges. Will the crypto area experience another bull run due to the bullish alerts? We must wait and watch.
