MoonLambo Sees PMI Breakout as Sign Crypto Nears Altseason

MoonLambo's Matt says a PMI reading above 55 could signal the end of crypto's mid-cycle correction, arguing that a broader altcoin rally is closer than expected.

XRP has not been poised like this in almost a decade, according to Matt, who points to the recent PMI reading of 55.6 as a key macro signal.

The host believes investors are rotating into riskier assets, citing the Russell 2000's apparent breakout since late December or early January.

Several analysts see technical signs of a developing rally, including a potential copper breakout that could indicate rising global liquidity and risk appetite.