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After a significant recent decline, the market turned bearish with extreme fear dominating the sentiment. However, as market sentiment turns more bullish, the chances of a significant altcoin breakout are increasing, presenting an opportunity for investors ready to act.

A leading crypto expert predicted a major breakthrough in altcoins, saying now is the perfect time to invest for those who want to maximize their profits and stay ahead in the cryptocurrency market.

Paul Barron Network hosted guest The Trading Parrot and looked at altcoin breakouts amid an impending crypto market recovery. The analyst compared Binance Coin (BNB) and other layer-one cryptocurrencies. He said that BNB has performed exceptionally well and despite some recent dips, remains strong compared to other layer-one cryptocurrencies like Avalanche.

BNB has been printing higher highs and higher lows, indicating an uptrend. It has already experienced a breakout and recently hit an all-time high, showing strength, especially given the negative sentiment and regulatory challenges Binance has been facing.

Next, he examined the Near Protocol. The analyst noted that it is still in an early entry phase and has not yet broken out, presenting an opportunity for traders. He added that Near is consolidating and entering a squeeze, which could lead to a breakout if Ethereum performs well in the coming weeks. The energy buildup over 120 days suggests that a significant move could take place. Moreover, a bullish reversal is often preceded by poor performance in social metrics.

The analyst also discussed Render, observing a similar setup to other altcoins. Many have experienced declines but are now showing signs of accumulation and a potential breakout. Render is seeing bullish divergences and pressure to break above its trendline, indicating a potential upside move.

When it comes to meme coins like Pepe, the analyst pointed out that despite some believing they are dead, there are signs of breakouts. Pepe is approaching a trend line, and if it closes above that line, it could be a sign of a strong upside move. Low social activity and high short interest are creating conditions ripe for a bullish reversal.

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