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Highlights
- The Golden Cross, where the 100-week MA crosses above the 200-week MA, signals bullish momentum for altcoins.
- Consolidation phases in 2024 and 2025 charts suggest potential rallies.
- Ali Martinez highlights that 36M+ altcoins in supply reduce the likelihood of a traditional altseason rally.
The altcoin market is witnessing a critical technical development with the impending formation of a “Golden Cross” on the weekly timeframe. This occurs when the shorter-term 100-week moving average crosses above the longer-term 200-week moving average. Historically, this crossover is regarded as a positive signal, often preceding strong upward price movements.
Golden Cross Indicator Signal Altseason
A Golden Cross, a widely recognized bullish signal, occurs when a shorter-term moving average crosses above a longer-term moving average. In the case of the altcoin market, the 100-week moving average is nearing a crossover above the 200-week moving average. Historically, this technical pattern has been linked to periods of sustained upward momentum.
According to analyst ‘Titans’, the last Golden Cross coincided with the start of a major altseason, suggesting that a similar scenario may unfold.
This technical alignment points to growing strength within the market and reflects a potential shift in sentiment. Previous occurrences of the Golden Cross in the altcoin market have led to substantial rallies, driven by increased investor confidence.
Repeating Market Cycles: A Look at Historical Trends
Analysts have also observed recurring patterns in the altcoin market. The charts for 2024 and 2025 exhibit clear consolidation phases followed by breakout rallies. These consolidation periods are characterized by price accumulation within defined channels. As seen in past cycles, these breakouts have historically led to an altseason.
The projections for 2024 and 2025 align closely with previous bullish trends, lending weight to the argument for a potential altseason. The marked “Altseason” area on the charts highlights the tendency for altcoins to outperform following such technical setups.
However, despite the bullish sentiments, some analysts have expressed skepticism about an altcoin rally. One expert raised concerns over the massive supply of altcoins diluting market interest.
Ali Martinez argued that the number of altcoins—now exceeding 36 million— reduces the likelihood of a traditional altcoin rally. He highlighted that the limited supply in earlier years allowed altcoins to gain momentum
Long-Term Market Outlook
The overall trendline on the charts suggests a long-term upward trajectory for the altcoin market. This trendline, coupled with the impending Golden Cross, provides further evidence of building bullish momentum. Therefore, while skepticism remains regarding an immediate altseason, the technical strength visible in the charts cannot be ignored.
More so, a recent CoinGape report highlighted five promising altcoins poised to lead the anticipated 2025 altseason. These include Chainlink (LINK), Minotaurus (MTAUR), Polkadot (DOT), Aptos (APT), and Render Network (RNDR). Each of these altcoins presents strategic opportunities for growth and innovation during this bullish phase.
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