Altcoin market cap nears $287B; breakout above $250B may trigger rally to $315B.
Bitcoin dominance drops to 52.3%, signaling capital rotation into altcoins.
Ethereum leads gains with 40% weekly rise as altseason index crosses bullish threshold of 29.
Altcoins have started showing strength across the market following Ethereum’s 40% weekly gains and a decline in Bitcoin dominance. With Bitcoin steady near $105,000 and ongoing macro support from easing U.S.-China trade tensions, analysts believe altcoins are entering a phase of renewed interest. The return of capital to alternative cryptocurrencies could shape the next stage of market growth.
Analysts See Key Market Levels Driving Altcoin Recovery
According to analysis prepared by Rekt Capital, a weekly close above $250 billion in total altcoin market cap (excluding the top ten) could signal the start of a strong rally. The analyst added that a breakout from this level could push the market up to $315 billion and confirm the end of the recent correction.
Crypto trader Crypto Feras pointed out that the “Others” index, which reflects a basket of altcoins, is now at $287 billion. He noted this level is still far below its all-time high of $452 billion. A breakout past $450 billion would signal the return of stronger altcoin trends, especially for those outperforming against Bitcoin in BTC pairs.
The BlockchainCenter.net Altseason Index has moved past 29, which many traders consider a signal of increasing altcoin momentum. Ethereum, Cardano, and Binance Coin have already shown strength, with Ethereum leading the move with strong volume on major exchanges.
Investor Sentiment and Technical Patterns Suggest Wider Recovery
Crypto analyst Merlijn The Trader observed a steady decline in Bitcoin dominance, now near 52.3%, suggesting capital is rotating into altcoins. According to CoinMarketCap, this movement coincides with increased volume and rising prices in major altcoins, as seen with ADA and ETH.
https://twitter.com/Washigorira/status/1921495656171966886
On-chain analyst Willy Woo offered a contrasting view, expecting Bitcoin to regain dominance in the long term. He forecasts Bitcoin reaching a $100 trillion market cap while the altcoin market remains below $11 trillion by 2030. Despite this, short-term sentiment remains in favor of altcoins, supported by rising RSI levels and strong buying interest across key tokens.
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