When Will Altseason Begin? Which Altcoins Should You Be Paying Attention To?
The altcoin season is believed to have kicked off after this month’s bull market began, reclaiming 3.5-year resistance levels. At the same time, they have failed to gain momentum even in difficult economic times. bitcoin price Consolidation after sharp rise. This suggests that market participants are currently focused on the star cryptocurrency and may remain so until the coin does not reach the peak of the current bull run.
Not all altcoins currently perform in a similar way. While tokens like LINK, AAVE, etc. are pushing higher, other tokens like MANA, ETH, ADA, etc. are consolidating and biding their time. The altcoin market cap was testing key resistance at $1.64 trillion, but subsequent resistance sparked a bearish wave that raised fears of a long-term price correction below $1.5 trillion.
Does this suggest the wait for a strong copycat season might take more time than expected?
As shown in the chart above, market cap excluding Bitcoin faces rejection at just under $1.71 trillion in ATH. A minor pullback was expected, but the second straight week of bearishness raised many concerns. Mainly because volume has reached 2021 levels, a similar rejection could validate the bearish possibility. However, the RSI, which is showing bearish divergence, has not reached its highs yet and may be close to 85.
Altseason has experienced a golden cross over the past few days, which appears to be very similar to the 2020-21 cycle. Therefore, the first quarter of 2025 is expected to be quite explosive, given similar impacts in the coming days. While Bitcoin’s dominance has taken a beating and attempted to rise, it is expected to eventually decline, leading the market to witness one of the strongest altcoin seasons in history.
Therefore, there is a need to stay away from memecoin FOMO and focus more on projects with strong fundamentals. For example, Uniswap, a world currency that serves identity and finance, is known as DEX OG with staying power. At the same time, AAVE, known as the DeFi giant, and Chianlink, known as the backbone of DEX oracles and the Maker-A key in stable coins.
Beyond that, Ondo is working on tokenizing real-world assets, Solana is focused on speed, scalability, and a thriving ecosystem, and BinanceCoin is a native token for large exchanges with broad utility.
