Altseason may be getting closer 👀🚀
#Altcoins are finally showing some strength, but it’s still too early to call this a real altseason.
The total market cap of altcoins outside the top 10 has broken above a long-term trendline and gained more than 10% this week. That’s an important change after months of weak performance.
At the same time, Bitcoin dominance is showing signs of weakness. If BTC.D continues falling, some capital could start moving into Ethereum and smaller altcoins.
But there’s one big warning sign: the Altcoin Season Index is still only around 46. A true altseason needs a much stronger reading.
If altcoin market cap keeps holding this breakout and BTC dominance breaks lower, the next few weeks could become very interesting. 🔥
#Altcoins are finally showing some strength, but it’s still too early to call this a real altseason.
The total market cap of altcoins outside the top 10 has broken above a long-term trendline and gained more than 10% this week. That’s an important change after months of weak performance.
At the same time, Bitcoin dominance is showing signs of weakness. If BTC.D continues falling, some capital could start moving into Ethereum and smaller altcoins.
But there’s one big warning sign: the Altcoin Season Index is still only around 46. A true altseason needs a much stronger reading.
If altcoin market cap keeps holding this breakout and BTC dominance breaks lower, the next few weeks could become very interesting. 🔥
