The altcoin season has remained elusive because Bitcoin has continued to dominate the market. Even now, the largest cryptocurrency by market cap is still in the lead and continues to determine the direction of the rest of the crypto market. However, there is a turn in the tide coming as more altcoins begin to play catch-up. In particular, the coins in the list of Top 100 altcoins by market cap look to be on the verge of ushering in the next altcoin season. Altcoin Season Index Fires Into The Green The Altcoin Season Index is an index that charts the performance of the Top 100 altcoins by market cap against the performance of Bitcoin to determine when the altcoin season is in full bloom. This index, which goes from 1-100, is ranked by how many top 100 altcoins are outperforming BTC over a 90-day period, and when this figure rises to the 75% mark, it often signals that the altcoin season has begun. Related Reading: Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top Over the last few months, altcoins have performed quite terribly in comparison to Bitcoin, and this has led to the Altcoin Season Index dropping toward peak lows. The index hit a score of 12 back in June 2025, showing that only 12 altcoins had outperformed Bitcoin over the 90-day timeframe. During this time, the Bitcoin dominance also rose rapidly, reaching as high as 66%, and signaling that most of the attention was on BTC during this time. However, the month of July has come with good tidings for the altcoin market as the index has seen its score more than double from its June lows. According to data from CoinMarketCap, the Altcoin Season Index has now crossed a score of 30. It also shows that during this time, 32 coins have outperformed Bitcoin’s 40% increase in the last three months. Interestingly, the meme coins are once again leading the rally with the likes of PENGU and MemeCore rallying over 500% in the 90-day period. HyperLiquid’s HYPE has also performed quite well, with CoinMarketCap data showing it has risen more than 230% in 90 days. Bitcoin Dominance On The Verge Of Collapse? So far, the Bitcoin dominance has maintained its position in the 60th percentile, and this has remained so for the last 90 days. However, over the last two weeks, there has been enough decline in the dominance to spark a ray of hope among investors, and that is a 3% drop toward 63%. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst Going by historical performance, though, the Bitcoin dominance would need to drop much more than this for altcoin season to begin in full bloom. For example, back in 2017, the Bitcoin dominance crashed from above 95% to around 50% before the altcoin season began. Again, in 2017, the dominance fell from above 70% to around 41% before the altcoin season began. Going by this trend, the Bitcoin dominance would need to see a drop back into the 40% region, and possibly the 30% region, for the altcoin season to really take hold. But as long as the dominance remains high, then Bitcoin would continue to lead the market, and altcoins could continue to struggle. Featured image from Getty Images, chart from TradingView.com
Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown. Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others. Related Reading: Time To Forget Altcoin Season? Bitcoin Dominance At This Level Is This Only Hope ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP. Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC. Featured image from Pixabay, chart from Tradingview.com
The altcoin market is flashing a familiar signal that preceded its most explosive rallies in the past. After months of uncertainty and price consolidation, a new analysis suggests that altcoins have just reclaimed a critical trendline—the same one that marked the beginning of the 2017 and 2021 bull runs. With market patterns aligning and fractals emerging, analysts are now questioning whether the conditions are once again ripe for a massive altcoin breakout. Altcoins Eye Vertical Move As Bear Trap Ends The altcoin market may be on the brink of a historic breakout, according to a recent chart analysis by crypto expert Merlijn The Trader. The analyst draws parallels between the current cycle and those of 2017 and 2021. The analyst’s chart, published on X social media, shows that the total altcoin market capitalization has reclaimed a long-term ascending trendline that had preceded previous vertical expansions during major bull runs. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says In earlier cycles, altcoins briefly broke this trendline in what was identified as a “bear trap” before swiftly reversing and launching into explosive growth phases. Merlijin The Trader reveals that this pattern appears to be repeating in this cycle, as the current market structure mirrors previous setups that triggered rapid valuation increases across the altcoin sector. The ascending trendline recovery is framed within a red box in the chart, consistent with the zones that marked the end of prior downtrends. In each instance, the reclaim was followed by aggressive upward movement, highlighted by green boxes that represented parabolic gains in the total market cap. Merlijn The Trader suggests that the recent rebound indicates the completion of another bear trap, signaling renewed bullish momentum. Green arrows placed below the price curve, matching the timing of previous breakouts within the analyst’s chart, imply that the altcoin market could be preparing for another phase of expansion. If the historical fractal holds, the analyst forecasts a sharp vertical rally for altcoins, with valuations possibly reaching the $10-$16 trillion range. Altcoin Market Mirror 2016-2018 Breakout Setup In another fresh analysis, Merlijn The Trader noted that the altcoin market cap is showing signs of repeating a historical pattern that previously led to a major bull rally. A comparison between the 2016-2018 market cycle and the current one reveals an almost identical structure playing out, albeit on a much larger scale. Related Reading: Bitcoin Dominance Holds Altcoin Season At Bay, Analyst Says No Upside Until This Happens The market appears to have formed a Double Bottom, followed by a mid-cycle correction and consolidation within a descending broadening wedge pattern. This same fractal unfolded before the explosive altcoin rally in 2017. The analyst’s chart also illustrates that in the previous cycle, altcoins broke out of this same wedge pattern, resulting in a massive surge in market capitalization, which he referred to as “Pump 2.0”. With the same breakout now confirmed for this cycle’s market structure, Merlijn The Trader predicts that the altcoin sector may be entering its next parabolic expansion phase. This development could mark the end of the altcoin market’s current bear phase and the beginning of a second macro pump similar to what occurred between 2017 and early 2018. Featured image from Unsplash, chart from Tradingview.com
Crypto analyst InvestingScope has drawn market participants’ attention to a major occurrence that hints at an imminent altcoin season. The analyst also revealed how high the crypto market could reach as altcoins outperform Bitcoin during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In a TradingView post, InvestingScope revealed that altcoins have made a 1-day Golden Cross, the first since just right after the US elections. He noted that the rally that followed made new highs for these altcoins, indicating that another altcoin season may be on the horizon. The analyst also predicted that the total crypto market can reach at least $4.03 trillion on this rally. Related Reading: Positioning For Altcoin Season: Analyst Reveals When To Buy As Bitcoin Dominance Rises He noted that since the Bear Cycle bottom, this is the fourth 1-day Golden Cross and that the minimum the market has surged around such a formation was just over 73%. As such, the crypto market cap, currently valued at $3.39 trillion, can reach the $4 trillion target during this altcoin season rally. Altcoins have again rallied following the recent Bitcoin run close to its all-time high (ATH). The Ethereum price hit $2,900, coming close to the psychological $3,000 level. Additionally, the Solana price also hit $170, its highest level over the last 90 days. With two of the top major altcoins making these runs, this has further fueled optimism that altcoin season may be around the corner. Bloomberg analyst Eric Balchunas told investors to get ready for a potential Altcoin ETF summer with Solana likely leading the way. This development could be the catalyst that sparks the altcoin season, with the SEC already asking issuers to amend their S-1 filings. Meanwhile, the Ethereum ETFs just hit a four-month high of inflows, with $240 million flowing into these funds on June 11. These funds have also witnessed 18 consecutive days of inflows as optimism grows about the SEC approving staking for these funds. This could be another catalyst for altcoin season as the Ethereum price usually leads the way. ETH/BTC Breakout Is Imminent In an X post, market expert Paul Barron indicated that the ETH/BTC breakout was imminent, a development which would usher in the altcoin season. He declared that Altseason is preparing for a face-melter and that the ETH/BTC breakout is “committed”. The expert added that with market sentiment up 2.8%, ETH will be the leader. Related Reading: When Will Altcoin Season Begin After Bitcoin Price Hit ATH Above $111,000? Crypto analyst Mikybull Crypto has also made a case for Ethereum to lead the altcoin season. In a recent analysis, he stated that from a technical perspective, ETH is looking solid at its current levels. The analyst claimed that $2,800 is the next resistance to clear out before a rally to a new high of $3,900. He added that Ethereum usually performs well near the peak of the cycle. Featured image from Getty Images, chart from Tradingview.com
As Bitcoin Dominance (BTC.D) rises in the crypto market, analysts are closely watching for signs of the long-awaited altcoin season. In a recent analysis, a crypto market expert shared key insights on the best time to buy altcoins, offering strategic guidance for traders looking to position themselves ahead of the next potential market rally. When To Position For The Altcoin Season As the Bitcoin price continues its upward trajectory, the speculation about an impending altcoin season remains a recurring theme across crypto communities. However, a Bitcoin Dominance chart shared by ‘Stockmoney Lizards,’ a pseudonymous crypto analyst on X (formerly Twitter), challenges the narrative that an altcoin season is imminent. Related Reading: The Return Of Altcoin Season: Why Bitcoin Dominance Must Fall To 62% Drawing on personal experience and market cycles, Stockmoney Lizards explains that the repeated cries of “altcoin season is here” are often premature and misleading. The analyst revealed that the true altcoin season, the period where even the lowest-quality coins tend to skyrocket, is often the final phase of the crypto bull run. It begins when Bitcoin Dominance breaks below the 60% support level, signaling a market-wide shift into altcoins. Notably, the analyst has shed light on how and when to position ahead of the altcoin season. Instead of buying altcoins based on hype or assumptions of immediate gains, Stockmoney Lizards suggests a more disciplined strategy: accumulate only at extreme oversold levels. This is typically when the Relative Strength Index (RSI) on the 4-hour or daily time frame drops below 25-30, reflecting capitulation. According to the market expert, these moments offer the best entry points for short-term rebounds, where altcoins deliver explosive moves of about 50% to 200%. The analyst further highlights that the primary objective is to take profits and rotate them back into Bitcoin. This approach not only maximizes gains but also minimizes exposure to prolonged drawdowns that usually follow the euphoric phase of the market cycle. Bitcoin Dominance Influence On AltSeason According to Stockmoney Lizards, the current behaviour of BTC.D, trading firmly between a well-defined channel, indicates that the market is still in the early to mid-phase of a bull run. Typically, this phase is dominated by Bitcoin, not altcoins, and history shows that institutional capital prefers to build positions in the flagship cryptocurrency before moving to riskier lower-cap assets. Related Reading: Bitcoin Price At $200,000 And Ethereum At $10,000? Analyst Says Altcoin Season Is Coming Notably, Bitcoin’s rising dominance in the market is not seen by the analyst as a bearish signal for altcoins in the long term. Instead, it is perceived as a healthy sign of a maturing bull market. He disclosed that the real altcoin season doesn’t begin until BTC.D decisively breaks down from its channel and drops to historical lows. Until then, Bitcoin’s strength reflects institutional accumulation and market confidence. Stockmoney Lizards reveals that retail investors often misinterpret this as a signal to chase altcoins, only to be caught holding bags as BTC continues to outperform. The analyst concludes that the altcoin season breakout will eventually come, but only those who position smartly by letting Bitcoin lead and waiting for alts to reach oversold extremes will be best prepared to capitalize on the market rally. Featured image from iStock, chart from Tradingview.com
Despite Bitcoin’s historic rise above the $100,000 mark in early 2025, a growing number of crypto investors are left wondering when the long-anticipated altcoin season will begin. At the time of writing, the altcoin season index from BlockchainCenter has now dipped to a reading of 20, far below the 75 threshold typically required to confirm the start of an altcoin season. In a detailed post on social media platform X, van de Poppe addressed what is one of the most frequently asked questions in the crypto industry today: “When altseason?” Altcoin Season Missing Despite Bull Market Conditions According to analyst Michaël van de Poppe, this cycle has deviated significantly from historical patterns. His response to the growing question of an altcoin season relays the fact that while Bitcoin has made gains, the altcoin market continues to lag significantly behind, raising doubts about whether a true altseason will even arrive this cycle. Related Reading: Certified Analyst Says Bitcoin Dominance Could Reverse At 64% – Is It Time For Altcoin Season? In past cycles, altcoins followed Bitcoin’s rally within weeks or months. However, 2024 and the early part of 2025 have proven to be different. This, in turn, has been many investors expecting this cycle to play out the same getting hammered and losing their patience. Although some new meme coins had their brief moments of explosive growth in late 2024, the broader altcoin market has been largely suppressed since late 2021. Van de Poppe explains that most older altcoins failed to match Bitcoin’s performance in 2021, and that trend has only worsened in the current cycle. This has somewhat changed the expectation of a typical four-year cycle rhythm. The tables have turned and other variables need to be taken into account for investors looking to get a significant return in those markets. Bitcoin Dominance And Sentiment Imbalance Holding Altcoins Back One of the clearest reasons for the delay in altseason is Bitcoin’s overwhelming dominance. As the Altcoin Season Index indicates, the metric remains significantly below the 25 threshold line and firmly entrenched in Bitcoin Season territory. Van de Poppe attributes this not just to price action, but also to macro-level shifts, such as interest rate regimes and monetary policy from central banks. For now, there’s still much upside potential for Bitcoin, especially if the Fed interest rates were to go down from their current 4% levels. Related Reading: Is Altcoin Season Over Or It Never Started? Here’s What Historical Data Says In his view, the current market is divided into two camps: those expecting a bear market and those who believe the bull run is just beginning. Both could be wrong, he warns, because the game has changed. If there are so many factors going into negative sentiment, that’s actually a sign to allocate funds into altcoins. Keeping this in mind, the best time to invest in altcoins would be now, when the altcoin season isn’t showing any signs. Van de Poppe concludes that altseason isn’t just a timeframe but a phase where patient investors accumulate undervalued cryptocurrencies before the rest of the market catches on. When the altcoin season eventually rolls in, it will come unannounced. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Astronomer has provided insights into when the altcoin season will likely begin following the Bitcoin price’s rally to a new all-time high (ATH). His analysis indicated that BTC’s dominance is about to top, which will pave the way for altcoins to outperform the flagship crypto. Altcoin Season To Begin Soon As Bitcoin Price Hits New ATH In an X post, Astronomer predicted that the altcoin season is imminent, seeing as BTC’s dominance (BTC.D) has hit 65% following the Bitcoin price rally to a new ATH. The analyst remarked that BTC’s dominance will roll over slowly first, before dropping rather quickly after the flagship crypto loses momentum. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone He is also confident that the altcoin season is coming soon because BTC.D is up seven weeks in a row and all green from the bottom, which means the Bitcoin price-led move is stretching long. From a counting perspective, Astronomer remarked that BTC is coming to the end of the transition period, and altcoins will likely make their bigger moves soon. The analyst noted that BTC.D has also nicely retested the quarterly breaker open. For now, he believes sentiment is certainly not ready for an altcoin season, seeing as only the Bitcoin bulls are loud. Astronomer added that the ETH bulls are quiet and that only coins that are Bitcoin liquidity-driven are talked about, including HYPE, WIF, and the Bitcoin price itself. He is confident that 65% is the top for the BTC.D despite calls for 67% and 70%. With the Bitcoin price dominance currently at almost 63%, Astronomer affirmed that he is well-positioned for the top, with altcoin season coming after. The analyst stated that soon, these altcoins will put in their big moves until they are forced to become the narrative again, where they top out. Crypto analyst CrediBULL Crypto is also confident that the altcoin season is imminent amid the Bitcoin price’s rally to a new ATH. In an X post, he stated that where the market is headed in the coming months, every lagging altcoin is an opportunity to be thankful for, not a problem to be frustrated about. BTC Is Forming A Top At Current Price Levels In an X post, crypto analyst CryptoVerse stated that the Bitcoin price is likely forming a top at its current levels. He admitted that the flagship crypto could still rally to between $112,000 and $118,000 but warned that it could mark the cycle peak. The analyst also stated that he is not expecting an altcoin season before the fourth quarter of this year. Related Reading: Bitcoin Dominance Chart Remains Very High Despite Crash, What This Means For Altcoins CryptoVerse remarked that based on global liquidity trends, the altcoin season should begin in the fourth quarter and wrap up by the second quarter of next year. He noted that there could be short-term bounces, but a full-blown rally is unlikely to happen before then. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst El Crypto has raised the possibility of an altcoin season happening soon. The analyst alluded to Bitcoin’s dominance rising to a major rejection zone, which could be bullish for altcoins. Altcoin Season May Be Imminent As Dominance Hits Major Rejection Zone In an X post, El Crypto suggested that the altcoin season may be imminent as Bitcoin’s dominance hits a major resistance zone. He revealed that BTC’s dominance again touched a zone that has led to rejection every time in the last one and a half years. He added that the Stochastic Relative Strength Index (RSI) is also in the overbought area, while a bearish cross has now happened again. Related Reading: Waiting For An Altcoin Season? Analyst Says A Weekly Close Above This Level Would Trigger A Rally Based on this, the analyst remarked that the market looks to be in for some fun, hinting at an altcoin season. Crypto analyst CryptoElites also affirmed that Bitcoin’s dominance has reached its peak. He further affirmed that next up is a massive altcoin rally, which will usher in the alt season. In another X post, the crypto analyst alluded to the USDT and USDC dominance ratio. He claimed that the market was at a critical trend reaction point right now. CryptoElites then mentioned that if the stablecoins’ dominance breaks down, then the altcoin season will officially begin. Crypto analyst Kevin Capital also looked to provide a bullish outlook towards the altcoin season. In an X post, he highlighted the global liquidity index overlaid with the Dogecoin price. In line with this, he remarked that it might be time for market participants to start paying attention to this. So far, altcoins have been mirroring Bitcoin’s price action, suffering a similar downtrend amid the trade war. However, if the altcoin season were to kick into full gear, these altcoins could easily decouple from the flagship crypto and outperform. Ethereum is known to lead this altcoin season, but that may not be the case this time, as ETH has underperformed throughout this cycle. Still Bitcoin Season For Now Blockchain Center data shows that it is still Bitcoin season for now, as the flagship crypto continues to outperform most altcoins. In the past 90 days, only seven out of the top 50 coins have outperformed the flagship crypto. These coins include Mantra, GateToken, Monero, LEO, Tron, and FastToken. Related Reading: Altcoin Season: Crypto Expert Reveals Why $425 Billion Is Important For it to be altcoin season, 75% of the top 50 coins would need to outperform Bitcoin over the last 90 days. Although almost all coins have witnessed declines within this timeframe, BTC has suffered a 22% drop, which is less than what these altcoins have seen during this period. At the time of writing, the Bitcoin price is trading at around $80,900, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
The crypto market is still trying to recover from its crash in early March, and sentiment is currently fluctuating. Although the Fear & Greed Index is still in the fear zone, the Bitcoin price is now slowly pushing back toward $90,000, which has been slowly changing the sentiment among altcoins. Rekt Capital, an influential analyst on X, reignited hope for an incoming altcoin season with a key technical signal. According to the post, a breakout in the altcoin market cap could soon take shape if one critical condition is met. The analyst shared a chart and commentary suggesting that the next major rally may already be in motion, provided that the altcoin market cap can secure a weekly close above a particular level. Weekly Close Above $250 Billion Could Be The Game Changer The altcoin market cap reached a multi-month low in the first week of March after the crash that saw many cryptocurrencies shell out weeks of price gains within a short period. This crash briefly pushed the altcoin market cap below $200 billion, although it eventually closed the week above this threshold. However, this market cap has steadily been inching upwards in the last two weeks since the crash. Related Reading: Crypto CEO Calls Start Of The Altcoin Season With A Caveat At the time of writing, the altcoin market cap has risen back to around $249 billion. Technical analysis from crypto analyst Rekt Capital emphasized that a weekly close above the $250 billion mark would mark a significant technical shift for alts. This level, highlighted in blue on the chart below, will be an important resistance level for crypto investors waiting for the altcoin season. The analyst noted that a decisive close above it would likely precede a breakout rally toward the $315 billion level, marked in red. That move wouldn’t just signal short-term bullishness; it would also serve as confirmation that the bottom for altcoins has already been established. However, even if the altcoin market cap were to surge quickly towards $315, there would still be some work to do to return in order to the recent high of $451 billion set in December 2024. Shallow Correction Points To Stronger Momentum Ahead For Altcoin The nature of the current correction from this $451 billion altcoin market cap adds more weight to the possibility of an altcoin rally. According to the analyst, the ongoing correction has only reached a 55% drawdown from its local high, notably shallower than the previous major altcoin bear market retracements of 69% and 85%. Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge The shallower decline in the current retracement is interpreted as a sign of growing market maturity among altcoins. This implies that the selling pressure may be waning and that bulls are preparing for a stronger push. It also means that the $425 billion altcoin market cap resistance is weakening as a point of rejection, which in turn increases the chances of a breakout at the next visit. Featured image from iStock, chart from Tradingview.com
The crypto market is gearing up for an explosive altcoin season, which could see major cryptocurrencies skyrocket to new highs. After experiencing a surge in December, altcoins entered a correction, leaving their next move uncertain. However, Captain Faibik suggests that the recent pullback was merely a “trailer” for the main event, with February potentially marking the start of the next rally. Bull Pennant Signals Altcoin Season Boom In a recent X (formerly Twitter) post, Captain Faibik suggested that the altcoin season may be well on its way, as market indicators like a recently formed Bull Pennant show positive signals that support this prediction. The analyst revealed that in early December 2024, the crypto market had experienced a significant uptrend before entering a deep correction phase. Related Reading: Altcoin Season Enters 140-Day Golden Window, What Does Bitcoin Dominance Have To Do With It? Captain Faibik said this decline was necessary as it allowed the market to cool off after significant gains. Usually, when a cryptocurrency experiences strong growth and a subsequent price drop, it tends to flush out weak hands in the market and reset overheated indicators. In the case of the crypto market, the pullback is seen as a healthy market reset that could set the stage for an even stronger uptrend. Moving on, the crypto analyst noted that the market’s correction is almost over, paving the way for the next bullish wave. He shared a chart representing the total crypto market capitalization excluding Bitcoin (BTC) and Ethereum (ETH) on a 1-day time frame. Currently, the crypto market’s price action is forming a Bull Pennant characterized by converging trendlines. A breakout from this bull pattern is anticipated, potentially leading to a $1.4 trillion market capitalization target for the broader crypto market. The analyst has indicated that February could be a bullish month for altcoins if the Bull Pennant pattern breaks upwards. He warns investors to buy and hold their bags while waiting for this supposedly explosive altcoin season. Historically, the altcoin season has seen cryptocurrencies other than Bitcoin surge dramatically as investors’ interest and demand from BTC to other alternative coins. Ethereum typically leads this trend, as its growth often sparks rallies across the altcoin market. However, with ETH underperforming against all expectations, the possibility of a full-fledged altcoin season remains uncertain. February To KickStart AltSeason Sharing a similar sentiment with the timeline of Captain Faibik’s prediction for the altcoin season, many analysts have speculated that this bullish trend is set to occur in February. Specifically, Crypto Rover, a prominent crypto analyst on X, announced that the altcoin season will begin in the next two days. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 The analyst shared a chart highlighting Ethereum’s historical monthly returns from 2016 to 2024. The column for February shows that ETH has performed massively during this time almost every year, with 2017 recording its most significant return of 48.09%. Based on this analysis, Crypto Rover suggests that February could signal a bullish period for altcoins, triggering the start of the highly anticipated altcoin season. Featured image from Unsplash, chart from Tradingview.com
Bitcoin has yet to relinquish its dominance in this market cycle, leaving many investors still holding onto hopes for the arrival of an altcoin season. Still, there remains a possibility that an altcoin rally might never come to fruition this season, given the recent market trends this cycle. Crypto analyst Ali Martinez echoed this perspective in a recent post on X, claiming that an altcoin season may never return. His observation sheds light on the change in market dynamics and the significant shifts that have occurred since previous alt seasons. Why AltSeason Might Never Happen An altcoin season is defined by a period of rapid price surges across a wide range of altcoins. Furthermore, an altcoin season is characterized by investors cashing out their Bitcoin profits and pouring them into altcoins. This period is always accompanied by social media hype and FOMO from crypto investors as they rush in to get in on the action. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 However, current market conditions have seen the crypto industry grow from its early days into a new market with a close relationship with investors in the traditional finance sector. Additionally, the altcoin market has expanded dramatically since the last major bull run in 2021, and you could argue that it has become somewhat oversaturated. Martinez highlighted a startling statistic: over 36.4 million altcoins are now in circulation. This is a dramatic increase compared to fewer than 3,000 altcoins during the 2017-2018 altcoin season and an even smaller pool of fewer than 500 in the 2013-2014 bull market cycle. The sheer scale of this supply explosion has fundamentally altered the cryptocurrency landscape, diluting attention and capital among an overwhelming number of assets. This oversaturation means that achieving widespread price surges across altcoins has become a far more challenging proposition than in previous market cycles. Furthermore, many of these altcoins have unclear use cases or poor fundamentals and only divert attention from specific altcoins with strong utility. Could The Era Of Altcoin Seasons Be Over? The concept of an altcoin season may be a relic of a less crowded market. Ethereum, the largest altcoin, has largely failed to perform up to expectations this cycle. Known as the primary driver of past altcoin seasons, Ethereum has struggled to gain momentum for over a year, even as other altcoins like Solana, XRP, Cardano, and Dogecoin continue to push to multi-year highs. Related Reading: Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market If Ethereum, with its established dominance and utility, cannot deliver, it raises serious questions about the potential of other altcoins to rally. Instead, individual altcoins with strong fundamentals or unique propositions could continue to thrive while the rest of the market remains stagnant. At the time of writing, Coinmarketcap’s dominance data shows that Bitcoin commands 57.9% of the total crypto market cap, increasing by 0.69% in the past 24 hours. Meanwhile, Ethereum is steadily losing ground, with its dominance dropping by 1.07% over the same period, now accounting for just 11.1% of the overall market. Featured image from iStock, chart from Tradingview.com
As the cryptocurrency market experiences a notable resurgence, Bitcoin (BTC) continues to lead the charge, while altcoins—especially Cardano (ADA)—are making significant gains. Altcoins Market On The Cusp Of Change: Will Bullish Momentum Prevail? Market expert Patrick H recently shared insights on social media, stating, “The altcoins market is attempting to build a new bullish structure. Are we heading for higher levels, or is another rejection more likely?” This query shared among market players signifies the careful optimism present in the altcoin realm as it contemplates the possibilities of a trend reversal. Related Reading: XRP Eyes $11 Breakout, But A Correction Might Come First—Analyst On this matter, the expert unveiled in a recent analysis that the daily chart of the total altcoin market cap (excluding the top 10 cryptocurrencies) reveals important developments. After enduring a prolonged bearish phase characterized by a descending channel—marked by lower highs (LH) and lower lows (LL)—the market appears to be on the verge of a significant shift. In addition, recent activity indicates a breakout from this descending channel, suggesting that bearish momentum may be waning. Importantly, a higher low (HL) has formed around the $330 billion mark, establishing a critical support level, serving as the first indication of a possible bullish shift in the market’s trajectory. Currently, the altcoin market is facing resistance at the $375 billion level, where it is consolidating following the breakout. For a full confirmation of a bullish market structure shift, the market must achieve a clear higher high (HH) at approximately $400 billion. Successfully breaking this level would solidify the reversal and could lead to a rally targeting $600 billion as the next local stop. Conversely, if the market experiences a failed breakout—failing to reclaim the $400 billion mark and subsequently reversing—investors should closely monitor key support levels at $330 billion and $317 billion. A retest of the descending channel breakout could occur, and a breakdown below $317 billion would invalidate the bullish setup, signaling a potential return to the downtrend. Can Cardano Continue Its Impressive Price Climb? Over the past week, Cardano has emerged as a standout performer, experiencing a substantial price increase of 31%. This surge has enabled the ninth-largest cryptocurrency by market capitalization to regain the critical $1.11 level. In stark contrast, Bitcoin (BTC), the leading cryptocurrency, recently achieved a new all-time high of $108,000. Despite this, Cardano’s current price remains over 64% below its all-time high of $3.09, which was reached in September 2021. However, with the bullish scenarios outlined by market expert Patrick H. indicating a potential rally in the altcoin market in the coming months, Cardano and other altcoins may continue to experience upward price momentum. Related Reading: XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10? All around, the altcoins market stands at a crucial juncture. The recent breakout and formation of a higher low are promising signs, yet the path forward remains uncertain. A successful push above the $400 billion threshold is essential to confirm a bullish reversal and unlock further upside potential. Featured image from DALL-E, chart from TradingView.com
The altcoin season could be closer than ever, as the Bitcoin Dominance has entered a historically favorable phase for alternative digital assets. According to a crypto analyst, the altcoin season has officially entered the 140-day Golden Window, a period marked by significant growth for altcoins. This phase is driven by a shift in Bitcoin’s dominance […]
Crypto analyst Master Kenobi has provided extensive analysis, which discusses the Bitcoin price dominance and altcoin season. In his analysis, Master Kenobi also revealed what this sudden volatility means for the market. Where The Bitcoin Price Dominance Is Headed In an X post, Master Kenobi stated that the Bitcoin price dominance was meant to have begun its decline yesterday. However, the drop started 20 days earlier than anticipated. The crypto analyst added that. Having recorded three consecutive red weeks, Bitcoin’s dominance has entered a phase of volatility that could last for some time. Related Reading: XRP Price Flashes Falling Wedge Pattern, Why $2.8 Is A Possible Target From Here The analyst’s accompanying chart showed that the Bitcoin price dominance experienced this volatility phase for 136 days. If history were to repeat itself, this volatility won’t end until April 6 next year. Master Kenobi opined that the market is currently in the first and likely the most critical stage of capital rotation from Bitcoin profits. Once the market moves past this period of capital rotation, Master Kenobi predicts that a massive drop in dominance will follow, which, on the other hand, can be interpreted as the start of the altcoin season. Master Kenobi stated that even if the bull market extends beyond April 6, this period will likely be the most prolific for most altcoins. Master Kenobi noted that the bottom in the Bitcoin price dominance on May 14, 2021, coincided with the first peak of the crypto market during the 2021 bull run. The analyst expects a similar pattern to unfold this time around. Meanwhile, the analyst indicated that the bottom in the dominance could happen at the beginning of March instead of April 6. From The Bitcoin Halving Perspective Master Kenobi also used the Bitcoin halving date as a reference point to prove that the Bitcoin price dominance could move along with these timelines. He noted that in the previous cycle, there was a short interval (four days) between the one-year anniversary of the Bitcoin halving on May 11 and the first major bottom in dominance on May 15. Related Reading: Dogecoin Price On Its Way To $1: Why A Retest Of $0.48 Is More Important Than Anything In line with this, the analyst remarked that the timeline for the bottom in the Bitcoin price dominance (which would also mark the peak for the crypto market) can extend beyond April 20 to April 23, 2025. Master Kenobi cautioned that the exact date for the market peak cannot be pinpointed at this moment. However, as time passes, he believes that there is a likelihood that he will be able to pinpoint with greater accuracy the date when the first phase of the bull market will end. At the time of writing, the Bitcoin price is trading at $100,300, down in the last 24 hours, while its dominance is at 55.13%, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
As the cryptocurrency market experiences a notable uptrend, altcoins have begun to take center stage while Bitcoin (BTC) consolidates just below its recent record high of $99,540. This shift has led to significant capital rotation toward altcoins such as Cardano (ADA) and XRP, both of which have outperformed many of the top ten cryptocurrencies over […]
In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week. The latest weekly report on digital asset investment funds by CoinShares depicts a trend of weaker investment sentiment among institutional investors. After witnessing three consecutive […]
The crypto market is again all shades of green, with Bitcoin and altcoins enjoying significant rallies. Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. “The Best Is Yet To Come” For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the “best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the $60,000 range as support. The crypto analyst added that altcoins also seem to have found their local bottom, meaning they are well-primed for massive rallies to the upside. Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? With Bitcoin also back above $65,000, it seems that it is just a matter of when and not if before the flagship crypto reclaims the $70,000 range. Capo had previously mentioned that reclaiming the $65,000 level would be the next bullish confirmation for the flagship crypto. The analyst added that the market should expect high prices once that happens. As to how Bitcoin could rise, Capo stated that the main target would be the liquidity zone between $74,000 and $76,000. Bitcoin rising to these price levels would mark a new all-time high (ATH) for the flagship crypto. Crypto analyst Rekt Capital shared a similar sentiment with Capo, suggesting that Bitcoin’s successful retest of the $65,000 resistance level would send it back above $70,000. Bitcoin rising back above $70,000 is believed to be where the real fun begins, as crypto analysts like Michael van de Poppe had previously mentioned that the bull run will continue once the flagship crypto is back above this price level. Crypto analyst Crypto Kaleo had also recently advised market participants not to get shaken out. He stated that the market is still heading “way higher” and that a little more patience is needed before the “fun really starts.” “Huge” Altcoin Season Is Brewing Crypto analyst Mkybull Crypto stated in an X post that a huge altcoin season is brewing. He claimed that this cycle might be similar to the explosive altcoin season rally in 2017, as altcoins’ current price action shares a similar price action to that period. Mikyull Crypto added that the fakeout made many believe the altcoin season for this cycle had been written off but suggested that isn’t the case, as something similar happened in the 2016 post-halving cycle. Related Reading: CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date Interstingly, Capo stated that he is most bullish on altcoins. He alluded to the Spot Ethereum ETFs, which are expected to begin trading this week. Crypto analysts predict that these funds could spark a massive rally for Ethereum and altcoins, by extension, which could help usher in the altcoin season as they outperform Bitcoin. Featured image created with Dall.E, chart from Tradingview.com
Jamie Coutts, the chief crypto analyst at crypto firm Real Vision, recently ranked layer-1 networks using their network growth. Interestingly, the networks that topped the list aren’t the usual names that crypto community members might be accustomed to. SUI And Mantle Network Top The List According to the list that Coutts shared on his X […]
The crypto market has entered an undervalued region with market intelligence platform, Santiment, revealing three major altcoins to watch out for. Santiment’s analysis has indicated the potential for these three altcoins to outperform Bitcoin (BTC), Ethereum (ETH) and XRP in this market cycle. Cardano, Shiba Inu, and Dogecoin Are The Altcoins To Watch In an […]
Crypto analyst Altcoin Sherpa recently outlined five altcoins that could provide crypto investors and traders with significant gains. He noted that these coins were looking “pretty strong” at the moment despite a lot of other tokens looking like “crap.” Five Altcoins To Keep An Eye On In an X (formerly Twitter) post, Altcoin Sherpa mentioned Injective, Wormhole, JasmyCoin, Stacks, and Toncoin as the altcoins that are looking strong at the moment. He revealed that he has eyes on these coins and is looking to actively trade them at some point. In a series of other X posts, he explained why he believed some of these coins were strong. Related Reading: Crypto Analyst Predicts 800% Rally To $6,000 For BNB, Here’s The Timeline In one X post, he talked about Wormhole and claimed that it was one of the strongest coins. He advised traders to keep an eye on it if they are actively trading. He further revealed that he would be looking to buy Wormhole if it breaks out. He added that if Wormhole pulls back strongly, it will likely continue to trade within its current range as it is not ready for that “big move.” In another X post, Altcoin Sherpa touched on JasmyCoin and stated that the coin is “extremely strong,” seeing as it didn’t “budge” despite the pullbacks in the crypto market. He claimed that JasmyCoin could rise to as high as $0.067 before it experiences any significant pullback. He added that he wasn’t actively trading it, but it is one to watch. Altcoin also provided insights into Toncoin’s price action, which he claimed was “weird,” with the top end being a supply zone and its price pulling back. However, he remarked that he is still bullish on the coin because it is enjoying a lot of attention, mainly thanks to Notcoin. The analyst views the $6 price range as a level to bid for anyone who believes that Toncoin will still break past its previous highs. Altcoin Sherpa also seems bullish on Notcoin. He recently claimed that he has changed his mind about the token since its price action has calmed down and there is less volatility. He highlighted the consolidation pattern that has formed on Notcoin’s chart, which suggests that it is still primed for major moves to the upside. A Meme Coin To Watch Out For Altcoin Sherpa is also bullish on Dogecoin and suggests that it is a meme coin to watch out for. He noted that Dogecoin is still looking pretty good on the high-time frame charts despite many memes looking choppy in the short term. He added that he expects Dogecoin to still do “big numbers” later in the year. Related Reading: Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish Network Recovery For now, he revealed that he is still expecting more chops for the next stretch and that he won’t be rushing to buy any fresh positions for Dogecoin at its current price level. Altcoin Sherpa had previously predicted that Dogecoin would eventually rise to as high as $1 in this market cycle as it still has a lot of firepower. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Lark Davis recently predicted that this bull run could be more massive than most people imagine. He outlined why this market cycle could stand out from previous ones. Why This Bull Run Will Be “Face Melting” Davis mentioned in an X (formerly Twitter) post that crypto market participants are about to witness a “face-melting bull run.” He alluded to the influence of institutional investors as the reason why this bull run will stand out. For one, he noted how the US Spot Bitcoin ETFs already record hundreds of millions of daily inflows. Related Reading: Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75 Thanks to the impressive demand for these funds, Davis highlighted that fund issuers have purchased 56,150 BTC in the past 18 days of trading. He claims this amount of Bitcoin represents four months’ supply injected into the ecosystem by Bitcoin miners. These fund issuers aren’t only the institutions buying up the flagship crypto. Davis also noted that companies like MicroStrategy, Block, and Semler Scientific have continued to accumulate Bitcoin. The analyst also claimed that wealth managers and pension funds worldwide are “lining up” to invest in Bitcoin. Meanwhile, Davis also made reference to the Spot Ethereum ETFs and the massive impact they could have in this market cycle. These Spot Ethereum ETFs are expected to see massive inflows once they begin trading. JPMorgan predicts these funds could witness $1 billion to $3 billion in inflows, and crypto research firm K33 Research predicts these funds could witness up to $4 billion in inflows in the first five months of trading. Crypto analysts like Michael Van de Poppe have also expressed their bullishness on these Spot Ethereum ETFs, predicting that these funds could be the catalyst for a continuation of the bull run. Specifically, they predict that these Spot Ethereum ETFs could kickstart the altcoin season, with Ethereum and other altcoins experiencing major moves. Other Factors That Could Postively Impact This Run Following Davis’ post, crypto analyst Patric outlined other factors that could positively impact this bull run. First, the analyst mentioned interest rate cuts and noted that Canada and Europe’s Central Bank have already cut interest rates. He believes that the US will likely follow suit soon enough. Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH Secondly, Patric noted that the Fed’s treasury buyback program has started. This development, alongside the interest rate cuts, is expected to lead to quantitative easing (QE), which could boost investors’ confidence in investing in risk assets like Bitcoin and other cryptocurrencies. Lastly, the analyst noted that this is an election year, with the US Presidential election slated for November. Republican Presidential candidate Donald Trump also provided a much-needed boost to the market by affirming his pro-crypto stance. Based on this, Standard Chartered Bank predicts that Bitcoin could rise to $150,000 this year if Trump wins. Featured image created with Dall.E, chart from Tradingview.com
Crypto expert Michael Van de Poppe recently predicted that altcoins would make significant upside moves. The analyst also provided a timeline for when this will happen and how parabolic the move could be for these crypto tokens. Altcoins Will Make A Move In The Summer Van de Poppe mentioned in an X (formerly Twitter) post […]
Altcoins have suffered more in the crypto market following the Bitcoin price crash, leaving a lot of investors in losses. This is not out of the ordinary as these altcoins are known to have a higher volatility compared to Bitcoin, hence, their price swings can be more pronounced. Given the recent decline, the expectation is that the altcoins will recover. However, one analyst does not agree with that assessment. Altcoins Headed For 40% Crash In an analysis posted on X (formerly Twitter), seasoned crypto analyst Benjamin Cowen shocked the crypto community with his expectations for altcoins. According to the analysis, the worst is far from over for the altcoin market, as there are still more crashes to come. Related Reading: Crypto Analyst Reveals Why $59,800 Is An Important Level For Bitcoin Cowen explained that this was analyzed using altcoins versus Bitcoin pairs, and it seems each one looks weak against the apex cryptocurrency. This is due to the expected rate cuts, and historical performance suggests that a decline will follow. The crypto analyst pointed to the 2019 rate cuts and how altcoins had reacted to that development back then. Following the rate cuts, altcoins plunged against Bitcoin, with major players recording up to 40% losses during this time. “Perhaps this time is not different? This would mean ALT/BTC pairs drop another 40% from here over the next few months,” Cowen said. Cowen expects this to place out regardless of what happens in the market in the meantime. He explains that even if the market does recover in the short term, it does not invalidate the thesis. “Short-term countertrends do not invalidate this view,” he stated. If this repeats, then it could turn an already harsh market trend even bloodier. The altcoin market cap has already fallen below $1 trillion as of the time of writing, but a 40% decline from here could send it as low as $600 billion. Bitcoin Crash Drags Down Crypto Market While the Bitcoin crash has been brutal, the impact on altcoins has been much more pronounced. Ethereum has held up nicely with less than a 4% decline during this time, but others such as Stacks (STX), Arweave (AR), Neo (NEO), and Sei (SEI) are down an average of 9% in the last 24 hours. Related Reading: Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin Meme coins were also not left out of the bloodbath, with market leader Dogecoin dropping 6% to $0.126 and Pepe (PEPE) plunging 7.74% to $0.0000063. Bonk (BONK) recorded a 5% decline to eliminate some of its gains from last week, and Shiba Inu fell 4.18%. Amid all of this, though, there have been some market winners, with Optimism (OP) recording 12% gains. Cosmos (ATOM) followed with a 9.8% increase, and Starknet (STRK) rose 9%, making them the top gainers of the day, according to data from Coinmarketcap. Altcoin market cap at $952 billion | Source: Altcoin total market cap from Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com
As Bitcoin (BTC) continues its upward trajectory, regaining its bullish momentum after brief range-bound price action and inching closer to its all-time high (ATH) of $73,700, crypto analyst Miles Deutscher shared insights on several altcoins to watch for potential gains this week. Altcoins With Strong Potential First, Deutscher observes a robust recovery in Bitcoin following its recent dip below the $65,000 level on April 3rd. The analyst notes that Bitcoin’s structure appears positive, with $73,8000 being the critical level to watch as it represents the previous ATH and the cryptocurrency’s last resistance before further gains. According to Deutscher’s analysis, BTC’s ability to break through this level could signal further upward momentum for the market leader. Related Reading: Polygon (MATIC) In Buy Zone That Earlier Led To 112% & 87% Surges Despite recent network congestion issues, Deutscher remains optimistic about Solana’s long-term prospects, as it is the first of several altcoins on the analyst’s radar this week, promising further gains on top of its already 23% uptrend over the past month. The analyst highlights that sentiment around Solana has deteriorated slightly but emphasizes that these issues are unlikely to significantly impact the medium to long term. Next on the list, Deutscher identifies BTC’s equivalent to non-fungible tokens (NFTs), Ordinals, as a strong performer within the BRC-20/BTC narrative ecosystem. With the Bitcoin halving scheduled for the last half of April just days away, Deutscher remains bullish on the ORDI token ahead of the event. While the narrative surrounding the halving remains relatively quiet, Deutscher continues to suggest that Ordinals stands out as a leader in the space. Orion And Altlayer Deutscher has expressed interest in Altlayer, an altcoin closely associated with the EigenLayer protocol, due to recent rumors surrounding the upcoming EigenLayer airdrop. According to the analyst, Altlayer’s proximity to the airdrop and its involvement in the restaking narrative contributes to its appeal. Given these anticipated developments, Deutscher sees a potential boost for the token as the market prepares for the airdrop. The token is up 14% in the last month alone and over 4% in the previous 24 hours. Similarly, Deutscher highlights ORN as the first restaking rollup on EigenLayer and emphasizes the limited opportunities to get exposure to EigenLayer before its official launch. This factor, combined with Orion’s rebranding to LUMIA, has attracted positive market sentiment, the analyst said, noting that recent weeks have demonstrated the market’s positive response to token rebrands, further increasing Orion’s potential. Dogecoin’s ‘Doge Day’ Next on the altcoin watchlist, Deutscher notes the upcoming “Doge Day” on April 20, which has historically seen increased interest and speculation surrounding the dog-themed meme coin. According to the analyst, the possibility of Elon Musk tweeting about the meme-inspired cryptocurrency has fueled expectations for potential price moves. Deutscher suggests monitoring DOGE for strength and considering it as a viable short-term trading opportunity. Related Reading: XRP Price Drops After Massive Whale Dump, Casting Doubt On $1 Target In April Finally, Deutscher points to previous instances where early altcoins airdrop participants experienced initial selling pressure, followed by potential rebounds. Wormhole’s native token, W, is facing a similar scenario as the token has fallen over 30% since trading began on April 3. Deutscher advises watching how the token reacts around the significant support level of $1. Once the initial selling pressure potentially subsides, Deutscher notes that a positive reaction can be expected, but whether the $1 support holds will be key to determining the cryptocurrency’s next moves. Featured image from Shutterstock, chart from TradingView.com