Altcoins are gaining momentum after reclaiming an 8-year trendline, signaling a major bullish shift in the crypto market.
A rare crossover in Glassnode’s indicator shows altseason could be starting as altcoin market cap spikes and investor confidence returns.
Bitcoin dominance weakens as traders rotate funds into altcoins, a pattern seen in previous surges during high-risk market phases.
The altcoin market is heating up as fresh technical indicators point to a major shift in market dynamics. Analysts now suggest a potential altseason is unfolding. Two key charts—one from el_crypto_prof and another from Merlijn The Trader—highlight a surge in altcoin strength not seen in years.
The TOTAL2 index, which excludes Bitcoin, just reclaimed a eight-year trendline. At the same time, a proven Glassnode indicator has triggered a crossover that historically signals the beginning of altseason.
Altcoins Reclaim Long-Term Trendline
According to el_crypto_prof, the altcoin market has regained a trendline that has held firm since 2017. This line has acted as a strong base during multiple market cycles, notably in 2020 and 2023. Recently, the TOTAL2 chart closed a bi-weekly candle above this level. That’s a strong sign that buyers are stepping back in.
Source: Moustache
As a result, the market capitalization of all altcoins increased by almost 30% to approximately $1.49 trillion. A change in investor attitude is represented by this breakout. It also indicates that long-term support is still in place, which provides bulls with new motivation to rejoin the market.
Glassnode Flashes Rare Altseason Signal
Meanwhile, analyst Merlijn The Trader noted that Glassnode’s altseason indicator has flipped bullish. This tool compares the altcoin market's short-term and long-term trends. The pink 7-day moving average just crossed above the 30-day blue line. Historically, this has aligned with explosive altcoin rallies.
Source: Merlijn The Trader
Moreover, the recent crossover was confirmed with a sudden spike in total altcoin capitalization, nearing $700 billion. Bitcoin still holds firm above $110,000. However, the momentum appears to be shifting toward altcoins.
This same setup predicted prior altcoin surges in late 2024 and early 2025. Hence, many traders now believe another wave is likely forming.
Altcoins tend to outperform when risk appetite increases. This pattern often emerges when investors rotate profits from Bitcoin into smaller assets. With multiple signals aligning again, analysts suggest the next big rotation may already be underway.
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