The alternative currency market shows strong accumulation — what could be next?
In its latest update, it indicates a clear support area attracting buyers on price dips — an area it calls the "holding zone" on the chart.
The chart, which tracks the total market value of cryptocurrencies excluding Bitcoin and Ethereum, shows that after a sharp correction earlier this year, altcoins have found renewed strength around the market cap range of 700–800 billion.
This level previously acted as resistance in mid-2024 and now appears to be turning into strong support — a classic bullish sign.
Volume indicators suggest high activity during this stage of consolidation, indicating accumulation by institutional investors or large investors. Van de Poppe identifies this as a strategic opportunity to "buy the dips," suggesting the possibility of a new higher phase in the altcoin cycle.
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Bitcoin whales and ETF flows indicate a potential recovery
With Bitcoin stabilizing and macroeconomic conditions, altcoins may soon regain the spotlight if this support holds.