Cryptocurrency analysis company Alphractal has made a new prediction about the altcoin season. Here’s what you need to know.
Cryptocurrency analysis firm Alphractal has published a remarkable assessment of the altcoin markets. The company stated that altcoin dominance has reached historical support levels and warned that high volatility could be on the way in the coming days.
Alphractal made the following statement in its statement:
“Something big is about to happen in altcoins! Altcoin Dominance has reached historical support levels. We are on the verge of a wave of volatility in the coming days. Whether Bitcoin rises or falls, many altcoins are likely to outperform BTC in the coming months, so it is critical to be prepared.”
Focusing on two important metrics in its analysis, Alphractal argued that these were the harbingers of serious rallies in the altcoin market in the past.
Altcoin Dominance (excluding Stablecoins):
It was stated that this metric found strong support at the 25% level and this level is often tested before major altcoin rallies.
Altcoin Dominance (excluding ETH and Stablecoins):
It was stated that this indicator has a critical support area around 18%. Falling below this level has historically triggered periods when altcoins gained significant market share against Bitcoin.
The company noted that the levels in question do not directly guarantee an “altcoin season,” but that such technical signals have appeared before major market moves in the past.
