Expectations for an altcoin season have increased on the latest decline in the dominance of bitcoin. This decline is notable because the last time dominance saw a fall in a similer, the Altcoin market used to touch the sky, leading to the current green phase. Crypto analyst Marilyigen the Trader has also indicated a major devil on the Altcoin Market Cap Chart, brightening a similer signal that has returned to Altcoin Market Rally 2024.
MACD Crossover says Altcoin season is coming
In an X post, the Crypto analyst identified the emergence of a major MACD crossover, which has been before the previous altcoin season. This was seen back at the MACD Crossover 2017 before the Altcoin market flew. Again, the MACD crossover appeared back in 2020, leading its legendary Rali just before the Altcoin market led to the 2021 bull season.
The most recent major MACD Crossover, which led the Altcoin season, returned in early 2024. The market was ready to launch the price of an atherium, which triggered the price of Rali Rali Rali Rali Rali Rali Rali Rali Rali Rali and then the Altcrine Market Altogether was triggered.
Once again, a rapid crossover on the MACD is moving, moving from negative to positive field in the month of July. If historical performance is known anyway, this couple means the beginning of another ‘vertical expansion’. In this case, the Altcoin market could quickly balloons and started a new bull.
In the chart, Murliz shared that every market has killed the trendline, which has now been completed. In the same vein, every breakout has begun with the MACD crossover, and is expected to be the same as this time.
Bitcoin dominance again crashes
As things like trendline marks down and MACD crossover, there is also vigorous growth that is re -dominated by bitcoin to 60%. Dominance has remlined above 60% for a five -month strag, such as February to start the Altcoin season.
In the month of July, Altcoin Bulls has now tried to maintain this February without success. However, if the current trend continues, this bitcoin dominance first acquired blue 60% for severe February 2025.
The AltCoin season index is also increasing, growing up to 44, accounts for data from coinmarketcap. This means that 44 of the top 100 altcoins are now performing better than the price of bitcoin in the last 90 days. If this index is possible to increase to 75, it means that the season of Altcoin has started officially.
Specially displayed image from Dall.E, chart from traudingView.com
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