While Bitcoin consolidates in a sideways pattern, the altcoin market shows early signs of a capital rotation. This observation phase is crucial, and analysts are focusing their attention on the Bitcoin dominance metric. A sustained decrease in this indicator could be the catalyst for altcoins to experience a significant rally, breaking a prolonged period of suppression.
In this context, Cardano (ADA) positions itself as a prominent player. Currently trading around $0.85, ADA presents early technical formations reminiscent of previous bullish cycles. In higher timeframes, ADA has managed to reclaim key moving averages and technical indicators have shifted to an upward trend. This confluence of factors has historically preceded robust price movements.
The range between $1.00 and $1.25 is now identified as a critical breakout zone for Cardano. Surpassing this threshold could propel ADA into a long-term bullish trend, opening the door to a larger market share. However, it is pertinent to note that this rally is concentrated in established projects like ADA, with no dominant trend yet observed in emerging sectors such as NFTs or memecoins.
The reactivation of Ethereum and other altcoins, in contrast to the stabilization of Bitcoin, underscores a pivotal moment for the market. The coming weeks will be decisive in discerning whether this rotation is a temporary adjustment or the prelude to a broader structural reconfiguration. Stay informed.$ADA
