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We show you an analysis of the crypto market capitalization. Everyone is concerned about the question of when the altseason will be.

This picture shows the market movement scheme. The accumulation zone of adjacent growth phases and the expected market peak.

The market goes through different stages before setting the maximum price. The main points are:

  1. Accumulation zone

  2. Impulse breakout of accumulation

  3. Testing the highs of past growth (serious resistance for prices)

  4. Altseason starts immediately after resistance is broken

  5. Extreme Greed Peak Market

In more detail in the image below we see how the capitalization of altcoins changes after leaving the accumulation zone.

The market always has a "play" area that we pass very quickly. The empty zone is passed quickly. Then it is very important where the first resistance appears.

This cycle has one important difference from the previous one:

The only difference is a pause after growth - a correction. In 2020, there was none.

Correction is not a negative factor. Market participants in 2020 - 2022 remember how quickly the price rushed. Despite the huge positive, the market did not justify itself. Rapid growth provoked the formation of a double top. There was a sharp drop in price in 1 month by 51% after which $BTC rewrote the maximum by only 6%. All this is the result of rapid growth without corrections.

Let's look at the market capitalization without $ETH and #BTC :

After a sharp rise, we see the formation of a descending channel. In which the price has already tested the broken accumulation.

Conclusions: the market looks much more adequate than 4 years ago. We see a pause after growth, which fits into all parameters of the analysis.

#Ethereum #crypto #altcoins