According to @CryptoMichNL, most altcoins, including NEAR Protocol (NEAR), may have reached their lows, indicating a potential market reversal. The author highlights strong bullish divergences on the daily and weekly timeframes against Bitcoin (BTC), supported by a positive signal on the MACD, suggesting an upward breakout. This aligns with the view of an underestimated grinding market that could see significant upward momentum.

According to Michaël van de Poppe, multiple altcoins are showing higher timeframe bullish divergences as they consolidate, suggesting a potential positive trend in the cryptocurrency market. This technical pattern is often indicative of a reversal or continuation of an uptrend, which might attract traders looking for bullish opportunities in the altcoin sector. As market panic fades, traders could consider strategic entries in select altcoins showing these divergences.

According to Michaël van de Poppe, significant bullish divergences are appearing in the cryptocurrency markets for $W, $REZ, and $OMNI, which are expected to gain more validation this week. This indicates potential upward momentum in these assets, suggesting traders might consider monitoring these divergences for strategic entry points. Such divergences often precede price increases, making them crucial for short-term trading decisions (source: Michaël van de Poppe).