CandleFocus Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here?
2024-09-27
Author: Content Editor
Several indicators suggest that an altcoin season may be on the horizon. The OTHERS index, which tracks the market cap of cryptocurrencies excluding the top 10, has surged past key moving averages. Crypto analysts believe the altcoin market cap breaking out of a downtrend is a positive sign, but Bitcoin dominance needs to drop significantly for a full altcoin season to occur. The market is also waiting for Ethereum to rebound against Bitcoin before seeing capital flow into mid-cap and small-cap altcoins.
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