According to Ash Crypto, the long-anticipated altseason narrative remains intact, with the broader altcoin market showing strong resilience after the October 10 crash. Data from TradingView charts reveals that the OTHERS market cap (excluding Bitcoin and top 10 assets) has reclaimed its multi-year trendline support, a level historically tied to major rallies in 2017 and 2021.
“Altseason is not cancelled, it’s brewing,” Ash noted, emphasizing that despite volatility and uncertainty, altcoins continue to hold above key structural levels. The monthly close above this multi-year channel suggests that capital rotation into risk assets is quietly resuming, often a precursor to explosive upside phases.
Analyst Michaël van de Poppe echoed a similar sentiment, pointing to SEI as one of the most technically favorable altcoins at present. “$SEI is back to the higher timeframe support level,” he wrote, describing the zone as a “great entry point” before a potential new run.
His chart highlights SEI testing its long-term accumulation range, with a clear upside target near 0.000011 BTC, implying nearly a 70% potential recovery if market sentiment improves.
Together, these analyses suggest that while Bitcoin remains in consolidation, altcoins are quietly rebuilding strength from historically reliable levels. If the pattern mirrors past cycles, the coming months could mark the beginning of a new phase of capital rotation, setting the stage for a possible 2025 altseason breakout.
