Bitcoin reached a peak of 111,970 USD, rekindling hopes for a long-awaited altcoin season. Although Bitcoin leads the trend, the altcoin market is still not entirely ready to break out. The key point for the remaining bullish phase depends on an important sign: a decline in Bitcoin Dominance – Bitcoin's market dominance ratio. Currently, Bitcoin Dominance is approaching the peak area; if broken, it could trigger a significant capital shift into altcoins, marking the beginning of a true altseason. The article below will analyze in detail the factors affecting Bitcoin Dominance and the potential altcoins that are beginning to show growth signs, helping investors gain insights and the right strategies in the volatile cryptocurrency market.
Bitcoin Dominance – The Deciding Factor for Altcoin Season
Bitcoin Dominance is an index reflecting the % market value of Bitcoin compared to the entire cryptocurrency market. The volatility of this index often directly affects the trend of altcoins. According to analyst Kyledoops, the current Bitcoin market cycle has completed about 75–80%, with the remaining 20% promising to bring about a strong price jump. He predicts Bitcoin could rise to the 125,000–130,000 USD region in September, based on positive indicators such as Market Cipher B, increasing cash flow, and green signals on the weekly chart.
In the context of the S&P 500 index and many large stocks continuously reaching new highs, Bitcoin is also expected to maintain its upward momentum. However, for altcoins to break out strongly, a clear decline in Bitcoin Dominance – currently fluctuating at 66%–69%, near the peak of the ascending wedge pattern – is necessary. Analysts believe that a rejection of Bitcoin Dominance at this level could signal the start of a real altcoin season, as capital flows strongly into altcoins.
Which Altcoins Are Showing Early Signs of Growth?
Although the overall strength of altcoins is still waiting for a breakout moment, some Tokens have started to record clear bullish patterns, promising potential breakthroughs in the next phase.
SUI: Has strongly recovered at the 0.618 Fibonacci level, currently in a profitable state with a significant risk of decline.
Solana (SOL): Has bounced back from the fair value gap, with a possibility of retesting the 145 USD zone, although a complete reversal has not yet been confirmed.
Fantom (FTM): Broke the previous downtrend and is heading towards above 0.38 USD – the first positive sign.
ONDO: Although it is in the bottom range of the trading range, it may increase volatility if Bitcoin Dominance starts to decline.
Meme Coin Is Heating Up
In addition to mainstream altcoins, some Meme Coins are also attracting attention with strong fluctuations:
Nobody Sausage: Up 130%, maintaining a positive trend waiting for confirmation at the resistance level.
FartCoin: Oscillating near the 50% recovery level, unclear on the next trend.
Popcat: Currently in a re-accumulation phase between 0.20–0.24 USD.
PEPE: Needs to regain the 50% Fibonacci level to avoid falling deeper.
Other Notable Altcoin Patterns
NEAR: Showing signs of forming a double bottom pattern, potential for the next upward trend.
GokuCoin: Continues to maintain performance thanks to a solid fundamental.
Chainlink: Currently still in a 'gray area' with an unclear trend.
USELESS: Has not sent any notable market signals.
Altcoin Market Outlook – Patience Will Bring Success
Expert Kyledoops emphasizes that the majority of altcoins are still in the accumulation phase, with no real widespread price increase yet. The altcoin season can only be clearly defined when Bitcoin Dominance declines and the S&P 500 index maintains a stable upward trend. While the opportunity for a breakout is forming, investors need to be cautious and patiently observe accurate signals before entering trades. The coming months could be favorable for long-term investment strategies if capital flow shifts intelligently and proactively.
Source: https://tintucbitcoin.com/altcoin-season-bung-no-dan-dau-xu-huong/
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