$OTHERS holds above 21 and 50 week SMAs despite a 6.39 percent weekly decline.
August 2023 and December 2024 crossovers produced rallies before resistance rejection.
RSI remains compressed beneath long term barrier resembling pre breakout conditions.
Altcoin sentiment has soured across social platforms, yet market structure data tells a different story. According to analyst CryptoFlow, the Crypto Total Market Cap excluding the top 10 assets, commonly referenced as $OTHERS, has formed another bullish crossover between the 21 week and 50 week simple moving averages.
The same setup led to upward expansions in August 2023 and December 2024, although the latter failed after rejection at all-time high resistance. However, the current configuration appears structurally cleaner, with price still progressing inside a multi month ascending channel.
Weekly Structure and Historic Patterns
CryptoFlow noted that $OTHERS continue to print higher highs and higher lows despite the latest 6.39% decline. The market is at $298.01 billion, notably above both the 21 week SMA at $277.38 billion and the 50 week SMA at $278.3 billion.
Source: CryptoFlow on X
This level acted as a launching zone in previous cycles. The analyst pointed to 2021’s peak near $448.97 billion, which remains the primary resistance area. A move back toward that level would align with how prior crossovers behaved.
However, a failure to maintain support above the SMA cluster could expose price to mid channel demand near $240–250 billion.
Monthly Compression Tightens Momentum
While the weekly setup shows gradual recovery, the monthly view adds further conviction, according to CryptoFlow. He compared the current structure to previous altcoin cycles marked by bear market bleeding, followed by extended consolidation, then accelerated breakouts once prior highs cleared.
Price has climbed persistently since the 2022 structural low, yet has not surpassed the 2021 peak, keeping the market in its compression stage. Notably, Relative Strength Index values have coiled beneath long term resistance, historically preceding expansion once values crossed above 80.
Resistance Retest
The upcoming interaction with the 2021 resistance zone holds historical relevance. CryptoFlow noted that during the August 2023 crossover, market cap rallied until early 2024, while the December 2024 crossover failed after rejection at all-time high resistance.
Now, with a third crossover forming above a more defined trend channel, the environment differs. He added that market sentiment is broadly skeptical, which historically aligned with early stage recovery phases rather than exhaustion points. However, resistance must clear before any momentum based assumptions can be validated.
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