Altcoin Season Index Stalls at 43: Critical Shift in Crypto Market Trends
- Market Dynamics Analysis: The current Altcoin Season Index stands at 43, indicating that only 43% of the top 100 cryptocurrencies outperformed Bitcoin over the past 90 days, suggesting a market leaning more towards Bitcoin season than altcoin season, which investors closely monitor for trend confirmation.
- Historical Data Reference: The index has accurately identified four major altcoin seasons since 2018, each lasting between 60 to 120 days, with the current score of 43 falling within a historical middle ground, where readings between 30 and 60 often precede significant trend shifts.
- Bitcoin Dominance: Bitcoin's market dominance is approximately 52%, up from 48% three months ago, aligning with the current index reading and reflecting regulatory uncertainties and institutional preferences for Bitcoin, which further drive its market performance.
- Impact on Trading Strategies: The current score of 43 influences trading decisions, with active traders typically allocating 60% of their funds to Bitcoin and 40% to altcoins to hedge against market volatility, while long-term holders use the index to time entry points for accumulating altcoins.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT). As of , Altlayer (ALT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ALT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ALT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00649 | 0.00692 | 0.0073 | 0.00773 | 0.00811 | 0.00854 | 0.00892 |
| Fibonacci | 0.00692 | 0.00723 | 0.00742 | 0.00773 | 0.00804 | 0.00823 | 0.00854 |
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