Bitcoin has surged past the $88,000 mark, yet altcoins have not followed with a major breakout. However, crypto analyst Rekt Capital suggests that the altcoin market may be showing early signs of a rally. If its market capitalization moves toward $315 billion, it could pave the way for the long-anticipated altcoin season.
Altcoins are starting to show strength after successfully retesting an important support level. Earlier this year, the altcoin market saw a steep 55% decline from its peak. Since then, it has regained momentum, bouncing back from key support zones.
Rekt Capital’s analysis shows that the market has rebounded from a macro wedge pattern and is now testing the $250 billion level. This level has historically played a key role in shaping price trends, making it a crucial point to watch.
In previous cycles, similar setups have led to significant price increases, which makes the current movement particularly important for investors. If the market can stay above $250 billion, the next major target would be $315 billion, a level that has acted as strong resistance in the past.
According to Blockchain Center, last year saw brief altcoin rallies, but none lasted long enough to be considered a full altcoin season. Typically, an altcoin season occurs when 75% of the top 50 altcoins outperform Bitcoin over a 90-day period, usually following a Bitcoin surge.
Blockchain Center’s Altseason Index recorded short bullish runs in January, March, and December 2024, but they were too brief to mark a true altcoin season. Unlike previous cycles from 2015-2018 and 2019-2022, the current 2023-2025 cycle has yet to produce a clear shift in favor of altcoins.
As of now, the Altcoin Season Index stands at 20, indicating that Bitcoin remains dominant. This suggests that altcoin season may still be some time away, but investors are closely watching for signs of change.
Guess we’ll just have to keep our eyes glued to those numbers, and see if the altcoins decide to finally throw their own party
The top 3 altcoins by market cap are usually Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), but rankings can change based on market trends.
Altcoin season may start if the market cap reaches $315B, as per analyst Rekt Capital. Current trends suggest Bitcoin still dominates the market.
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