Altcoin momentum is getting harder to ignore.
According to CryptoQuant, around 87% of altcoins listed on Binance are now trading above their 200-day moving averages.
That’s an important shift because it suggests the strength isn’t limited to just a few large-cap coins. A much broader part of the altcoin market is showing improving momentum.
But there’s another side to the data.
CryptoQuant has also highlighted rising altcoin deposits to exchanges and signs of weakening momentum, including a bearish RSI divergence in TOTAL2.
So while the market structure looks healthier, I wouldn’t treat this as confirmation that every altcoin is ready to keep moving higher.
For me, the interesting part is the breadth of the move. If this strength continues without increasing selling pressure, it could become a more meaningful sign of market-wide recovery.
Momentum is improving. Now the question is whether it can hold.
DYOR.
According to CryptoQuant, around 87% of altcoins listed on Binance are now trading above their 200-day moving averages.
That’s an important shift because it suggests the strength isn’t limited to just a few large-cap coins. A much broader part of the altcoin market is showing improving momentum.
But there’s another side to the data.
CryptoQuant has also highlighted rising altcoin deposits to exchanges and signs of weakening momentum, including a bearish RSI divergence in TOTAL2.
So while the market structure looks healthier, I wouldn’t treat this as confirmation that every altcoin is ready to keep moving higher.
For me, the interesting part is the breadth of the move. If this strength continues without increasing selling pressure, it could become a more meaningful sign of market-wide recovery.
Momentum is improving. Now the question is whether it can hold.
DYOR.
