Bullish momentum in the crypto market is building, with many altcoins breaking out of their recent ranges. Key indicators are flashing oversold, suggesting a potential bounce is imminent. Keep a close eye on major cryptocurrencies like Bitcoin and Ethereum, as they often set the tone for the broader market.

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Indicators are indeed pointing to oversold conditions, making a near-term bounce likely. Key to watch is whether Bitcoin and Ethereum can break out of their recent ranges, potentially sparking a broader market rally.