Altcoins may have just hit rock bottom — and that might be great news for crypto traders. According to popular analyst Michael van de Poppe, market signals are now pointing to a turnaround.
While some analysts warn that Bitcoin’s growing dominance is delaying the altcoin season. Could things be finally shifting in favor of altcoins?
Let’s break it all down.
Van de Poppe points out that traditional markets, especially gold, are weakening. Gold has failed to break above $3,365 and is now trending lower. Poppe says this downtrend could be a good sign for riskier assets like altcoins, especially if economic data turns worse and rate cuts are announced.
Meanwhile, further fed rate cuts would mean more liquidity in the market — often good news for altcoins.
Van de Poppe also shared another chart showing the OTHERS/BTC ratio (which tracks altcoins vs. Bitcoin) forming a strong base. He believes we’re in the final phase of a bottoming process, supported by bullish divergence on the charts.
This pattern has marked previous cycle lows — and each time, altcoins staged a strong comeback shortly after.
On the flip side, crypto analyst Tony Severino suggests that Bitcoin’s dominance in the crypto market recently touched 65.66%. That’s a strong signal that Bitcoin is still leading the pack, especially with the Relative Strength Index (RSI) reading around 60 on major timeframes.
Severino warns that as long as these conditions hold, altcoins will likely remain stuck.
Looking at the altcoin season index, it currently stands at 22, suggesting bitcoin is dominating the market.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Analysts have scanned the crypto market lately. These experts have pinpointed Mutuum Finance (MUTM) as…
Remember why you opened your first crypto chart, the spark, the what if, the idea…
Investors have scanned the crypto market for the best crypto to buy now, especially amid…
The crypto market is regaining momentum as Bitcoin (BTC) price trades near $107,000, while top…
The crypto market feels alive again, and meme coins are leading the charge. While big…
A solid retirement plan can begin with adding the Cardano crypto and the Shiba Inu…
