Altcoins are the most oversold in crypto history at the moment.
Analysts see several bullish patterns, signaling a major altcoin price pump.
As liquidity rotates, the altcoin market is set to explode in prices.
With Bitcoin Dominance showing signs of a steep decline soon, altcoins are showing strong pump signals. Another bullish indicator is that currently, altcoins are most oversold in crypto history, signaling a possibility of a rapid crypto price pump, especially for altcoins. In fact, most altcoins have yet to even set a new ATH price this bull cycle; perhaps the coming months will finally see a surge in altcoin prices.
Altcoins Are Most Oversold in Crypto History
This crypto bull market has been moving in a slightly different pattern compared to previous bull cycles. In detail, the price of Bitcoin (BTC), for the first time ever, set a new ATH price before the Bitcoin Halving event. In turn, BTC went on to set a string of new ATHs over the following few months, when altcoins saw almost no activity. Then in Q1, when altcoins were expected to pump, the market went into a correction.
Every bull cycle so far saw altseason’s peak phase arrive in Q1 following a Bitcoin Halving year. For the first time ever, this pattern was broken when the crypto market experienced a heavy market correction in the expected Q1 phase instead. While the correction was unexpected to many traders, most agreed that the correction allowed the crypto market to settle into a much healthier state.
Ever since the correction, ETH bottomed and went on to reclaim higher highs until it finally set a new ATH price in the $4,900 pric erange just a few days ago. This allowed other altcoins to take the lead and follow Ethereum’s pump as well. Now, all altcoins, including legacy altcoins like Ethereum (ETH), are expected to make explosive new ATHs in the coming altseason phase soon.
https://twitter.com/AltcoinGordon/status/1960734448984408355
Amidst the many bullish signals indicating a glorious altcoin market pump, one is that the BTC Dominance has been declining rapidly and is set to collapse, allowing Ethereum and altcoin dominance to take over soon. As we can see from the post above, another signal comes in the form of the chart shared. Based on the data, the analyst concludes that altcoins are now the most oversold in crypto history, including the COVID and tariff crash.
Bullish Altseason Pump Signals Rise
https://twitter.com/MerlijnTrader/status/1960749150129074312
Additionally, the post above shows that the altcoin market is set to explode, and USDT Dominance just cracked and broke the double top pattern. The posts conclude saying that liquidity rotation is already in play and will start pouring into altcoins soon, leading to an explosive crypto market pump, and possible 10x pumps for the most promising altcoins in the crypto market this bull cycle.
