🧐 Is the spring coming for altcoins? Analysts predict the end of "elimination" and bullish sentiment in the market
On Friday, the market recovered from the previous adjustment, Bitcoin returned to the $100,000 mark, and Ethereum returned to the $3,400 range after breaking through key support earlier. Leading altcoins such as Solana and XRP also have bullish momentum, with Solana returning to key levels and XRP approaching all-time highs.
Altcoins broke out of a three-year downward trend in the November-December rebound, and the market value soared to $1.1 trillion, a new high since 2021. But after the year-end adjustment, the industry's growth was weak, down about 25% from the post-election high. Despite this, many analysts predict that altcoins will usher in a bull market this year.
Analyst Titan of Crypto believes that from the current performance, "the final reshuffle seems to have been completed", which seems to suggest that altcoins are about to explode!
Analyst @venturefounder mentioned that the altcoin chart is about to enter a golden cross, and "it's only a matter of time before FOMO (fear of missing out) arrives" because the golden cross in early 2021 kicked off a massive altcoin season. At the same time, early 2025 "may echo the explosive rebound of altcoins in early 2021" because the current cryptocurrency market performance is similar to that of four years ago. Investor Miky Bull observed that altcoins seem to be repeating the trend of the first quarter of 2024, which may trigger a "familiar rebound." The chart shows that the industry broke the trend line for several months at the end of 2023, and after a brief correction, it re-established a new price level. Subsequently, altcoins ushered in an outbreak in early 2024, and continued to rise until March, providing strong evidence that "the altcoin season may continue until March." Analyst Jelle also said that altcoins are now forming a bullish triangle pattern below the historical highest resistance level. Once it breaks through, it will be a signal of a massive rebound. After the recent surge, altcoins have broken out of a bullish pattern and the market is now close to “price discovery”.
💬 Do you agree with analysts that the alt season is coming? Which altcoins do you think have the most potential?
