Pentoshi: the crypto market will grow to $ 320 billion

Pentoshi, a popular crypto analyst known for accurate forecasts of market cycles, predicts the return of a bullish trend in the altcoin market. He draws attention to the OTHERS index, which tracks the market capitalization of all cryptocurrencies except Bitcoin BTC $63,477.72 Mezo Wrapped BTC -0.38% Market capitalization $75.59 million VOL. 24 hours $0.5 billion , Ethereum ETH $1,864.60 Bridged Ether (StarkGate) -0.31% Market capitalization $33.17 million VOL. 24 hours $0.2 billion , and stablecoins. According to him, OTHERS has formed a local bottom at $ 250 billion and is now trying to overcome resistance at $ 281 billion.

If this level is taken, the index can grow by another 15% to $ 320 billion. The analyst notes that the market has had several opportunities to fall, but has not realized them, which is a positive signal for growth. He advises keeping an eye on two key levels — $ 250 billion as support and $ 320 billion as a potential maximum in the short term.

In addition to the general altcoin market, Pentoshi highlights the Injective platform token (INJ). According to his observations, INJ is confidently holding above the $ 14 support level and may rise to $ 17.58. It is already trading at $ 15.26, and may continue to move up in the near future.

Despite the optimistic outlook, the analyst warns investors against excessive risk and advises them to keep a close eye on market movements. Altcoins are showing signs of recovery, but their behavior will depend on the overall dynamics of the crypto market and macroeconomic factors.