The current altcoin market looks quite similar to back in April: Bitcoin is ranging/oscillating, while many altcoins are quietly accumulating from the bottom and even proactively pushing the price up. The difference, though, is that some of the assets are now in the final acceleration phase of a top breakout—such as WLD and JTO. When they surge, the gains are big, and so are the pullbacks. Another batch of altcoins is only just showing signs of starting up.

As for ONDO, judging from the daily chart, it has been running within a downward channel all along. In essence, it is digesting the enormous amount of trapped positions from the earlier period. Without going through a few rounds of serious “washing out,” it’s hard to take off. Once there is a subsequent effective breakout, it could also bring a wave of big, high-level market action. Overall, the altcoin rally is expected to continue into July. But it’s not easy to gauge or control this round of money—the price swings are just too wild. April was a case in point: warning—sometimes it would abruptly pump and…