CandleFocus Altcoins Dominate December 2024: Season Index at Yearly High
2024-12-10
Author: Content Editor
The altcoin market is currently experiencing a surge, with the Altcoin Season Index reaching 66, indicating strong performance compared to Bitcoin. This trend has been ongoing since late September and is approaching a market capitalization of $1 trillion. Crypto analyst MikybullCrypto emphasizes the importance of this altcoin season, advising traders to carefully watch accumulation zones and resistance levels. The total market cap of altcoins (excluding the top 10) currently stands at $373.78 billion, with potential resistance near $550 billion. Technical indicators suggest a potential slowdown in momentum, and a failure to break the resistance could result in consolidation or correction.
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