altcoin season

3 key metrics point to ‘up only season’ in altcoins — Analysts

October 11, 2024 Coin Telegraph

Altcoin

The crypto market is recovering from this week’s brutal sell-off, and analysts say 3 key metrics suggest an altcoin season could be on the way.

According to crypto traders, many altcoins are currently displaying some “bullish patterns” that, if they play out as expected, could soon see the market enter an “up-only season. "

“Altcoin Season Index has been forming one of the most bullish patterns for 3.5 years,” pseudonymous analyst Moustache declared in an Oct. 11 post on X.

The analyst was referring to an inverse head-and-shoulders (IH&S) chart pattern that had formed on Blockchaincenter’s Altcoin Season Index chart between 2022 and 2024.

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Analyst Says Just a Matter of Time Before Altcoin Season, Sees One Coin Mirroring Massive 2021 Solana Surge

September 25, 2024 The Daily Hodl

altcoin season

A closely followed analyst and trader thinks that altcoins are gearing up to have their time under the sun and outperform Bitcoin (BTC). Crypto strategist Ali Martinez tells his 72,200 followers on the social media platform X that he’s keeping a close watch on the TOTAL3 chart, which tracks the market cap of all digital […]

The post Analyst Says Just a Matter of Time Before Altcoin Season, Sees One Coin Mirroring Massive 2021 Solana Surge appeared first on The Daily Hodl.

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Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason

September 23, 2024 Coin Telegraph

altcoin season

Analysts believe that a new altcoin season is entering its early stages. Cointelegraph digs into the data.

Altcoins have displayed strength following Bitcoin’s recent recovery over the past month. This has lead analysts to suggest that the market might be on the brink of an altcoin season.

“The past few days have been very bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a Sept. 23 post on X.

Popular trader 360Trader observed that TOTAL3, the total crypto market capitalization excluding BTC and ETH, had retested the upper boundary of a falling channel.

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Bitcoin’s Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity

August 24, 2024 Bitcoin.com

altcoin season

Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […]

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Bitcoin Continues to Dominate as Altcoin Season Index Score Plummets

July 23, 2024 Bitcoin.com

altcoin season

In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is now more distant. Bitcoin Outperforms Altcoins as ASI Score […]

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Time for altseason? Analysts say altcoin market is near ‘momentum bottom’

July 15, 2024 Coin Telegraph

altcoin season

Altcoin prices have been in a rut, but a key alteason indicator hints that the “strongest wave” is yet to come.

The altcoin market had been trending down over the past two weeks, but a key indicator reveals that the recent drawdown could indicate a “relative momentum bottom,” which, if history repeats, could soon see a “concerted take-off,” according to crypto analysts.

The crypto Top 200 Equal Weight Index is “still trending down, but the Altseason indicator shows that the recent washout when it hit 10% was likely a relative momentum bottom,” according to Chief Crypto Analyst at Real Vision Jamie Coutts.

The crypto Top 200 Equal Weight Index is an equally weighted index that seeks to track the performance of the top 200 cryptocurrencies by market capitalization from that of Bitcoin.

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Analyst Outlines Tough Conditions for a ‘Face Melting’ Altcoin Season Rally

June 22, 2024 Bitcoin.com

altcoin season

The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted two prerequisites for an ‘Altcoin Season’ to emerge. Crypto Analyst Altcoin Sherpa Foresees Challenging Times for Altcoins The […]

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Despite Ethereum ETF Approvals, ‘Altcoin Season’ Remains Far Off

May 26, 2024 Bitcoin.com

altcoin gains

While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of such a season […]

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Contrary to Crypto Influencer Hype, Data Reveals ‘It is Not Altcoin Season’

April 26, 2024 Bitcoin.com

Altcoin

Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely […]

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Is It Time for Altcoins to Shine? Analyst Predicts Shift in Crypto Dynamics

April 8, 2024 Bitcoin.com

Altcoin

Throughout this week, while bitcoin and ethereum have been consolidating, vibrant discussions about the elusive ‘Altcoin Season’ have intensified across forums and social media platforms like X. Some anticipate that a rally among altcoins is on the horizon, even though the Altcoin Season Index still suggests it is “not Altcoin Season.” Altcoin Season Index Inches […]

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