Positive Signals Are Coming for the Altcoin Rally! Here Are the Details!
The TOTAL2 chart, which tracks the total market value of all cryptocurrencies except Bitcoin, gave an important signal by breaking the downtrend that has been going on since January 2025.
The rising bottom structure formed in the chart was confirmed by the upward breakout (BOS) on the daily time frame.
This technical view indicates that a clear uptrend may begin with the breakdown of the $1.25 trillion resistance level. Analysts believe that this movement accelerates the capital migration from Bitcoin to altcoins.
The 4% drop in the BTC.D chart over the last six days was recorded as the sharpest pullback since November 2024.
This decline in #BTC dominance coincides with periods of increased capital flows into altcoins historically.
Analyst Michael Van de Poppe drew attention to the bear divergence observed on a weekly basis in BTC.D and said:
“There has been a strong bear divergence in Bitcoin dominance. This indicates that we are reaching the end of the bear market for altcoins.”
The USDT.D chart, which tracks Tether’s market dominance, fell to 4.59% as of May 13, reaching its lowest value since early February.
The falling triangle formation on the chart indicates that dominance may find support at 3.90%. If this level is broken, a structure similar to the altseason periods in 2021 may be entered.
The decline in #USDT dominance reveals that investors are exiting stablecoins and moving to Bitcoin and altcoins.
Over the last seven days:
#Ethereum (ETH) 44.3%
#XRP 20.6%
#Solana (SOL) 22%
topping BTC’s 10% gain over the same period by a wide margin. This performance gap suggests that capital migration is accelerating in the altcoin’s favor.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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$BTC $XRP $SOL