- The altcoin season for bullish momentum flashes with a decrease in BTC dominance.
- The BTC season was still per indicator of the Altcoin season, but this might change.
Feelings in May reinforced the Altcoin market, especially after that Bitcoin [BTC] It rose above 100 thousand dollars last week.
In the future, the building momentum may be a sign of the first stage of the Altcoin season, male Swissspllock analysis company.
“The first station from Altseason received. The last time we got this confirmation was February and November of 2024.”
Source: Swissblock
The attached graph shows an increase in the positive altcoin motivation (blue), a direction that is flashing in February and November 2024 in Altcoin installations.
ALTCOIN momentum improves
Benjamin Queen encryption analyst chanted a Swissplock future look.
Queen male This, from the perspective of the price scheme, there were an increasing number of altcoins above the simple moving average for 100 days (SMA).
Source: x
Ampcrypto examined the main Altcoin season indicators to measure emerging traction.
Bitcoin (BTC.D) dominance Top cycle of 65.3 % In early May, April recovery slows down in April.
However, the BTC leap was also distinguished by $ 100,000, also a 4 % decrease in BTC’s dominance to 62 %.
Source: Tradingvief (Altcoin Market performance against BTC, USDT dominance)
Besides, Tether’s USDT Hegemony has decreased from 6 % to 4.5 % in the past three weeks. This means that the altcoin sector has seen some capital rotation from BTC.
This was confirmed by a recovery in the Altcoin (Purple) market, with the exception of BTC and ethereum [ETH]From more than 600 billion dollars to more than 900 billion dollars.
For the context, the Altcoin pump last November was characterized by similar signals – a sharp decrease in the dominance of BTC and USDT. Simply put, Outlook Swissblock may be validated in case of trend.
However, the BTC season was still fixed from the time of writing this report, according to the Altcoin (ASI) season index (ASI). reading From 27.
source: Blockchain Center
It is worth noting that ASI is a late indicator. BTC’s performance against Altcoins over the past ninety days.
despite this , Monero [XMR], [SUI]Ask [TAO]And You see [TRX] It surpassed BTC in the same period.
Since April, the momentum of the Altcoin season has increased. However, not all altcoins equally. Focus on the leaders of the sub -sector with strong basics can improve sites.
