#AltcoinBreakout
* Ethereum Dominance and "Altcoin Season" Signals: Ethereum (ETH) continues to be the main driver of altcoin movements. Some analyses suggest that ETH is reflecting the price movements seen in May 2025, which triggered a 40% increase in 30 days. After breaking the $3,000 level, ETH is expected to continue its rise, which could trigger the next altcoin season. Technical indicators also show that the altcoin market cap (TOTAL2) has breached $1.42 trillion, the highest level since March 2025, indicating broad strength in the altcoin market.
* Shift in Focus from Bitcoin to Altcoins: After Bitcoin (BTC) reached an all-time high, the focus seems to have shifted to altcoins. Bitcoin's dominance has declined, which often serves as an early signal for altcoin season. Traders are quickly shifting their attention to Ethereum and altcoins, with an influx of institutional funds and increased retail interest.
* Rise of Certain Altcoins:
* XRP: XRP has seen significant gains, rising over 37% this week and reaching a new ATH around $3.64 following news regarding pro-crypto policy plans from President Donald Trump.
* Stellar (XLM): XLM surged 60% in the last 7 days, breaking through significant resistance at $0.47, supported by institutional signals and broader altcoin momentum.
* Dogecoin (DOGE): DOGE also showed an increase of about 23% this week, indicating that the meme coin season is still active.
* Solana (SOL): Solana also shows recovery and is expected to follow the patterns of XRP and Bitcoin.
* Breakout Indicators: Analysts use various technical indicators such as Moving Averages (SMA and EMA), Relative Strength Index (RSI), Bollinger Bands, and Volume to identify breakout signals. A sudden increase in volume often confirms breakout strength.
*The image is for illustration only