Analysts predict a possible major breakout in the altcoin market in the coming months, with expectations of daily gains up to 40%. Crypto commentator Mister Crypto highlighted chart indicators suggesting a shift away from Bitcoin dominance, signaling that altcoins may gain significant momentum. Currently, the market index indicates a transition from 'Bitcoin Season' to potential 'Altcoin Season.' While some analysts see the rally as promising, others point out differing market dynamics compared to the past, particularly the lack of retail investor confidence. Technical trader Moustache is optimistic, noting that the current market structure mirrors past successful accumulation phases from 2016 and 2020. However, skepticism remains with concerns that many altcoins have dropped significantly since last December, leading some to question the sustainability of any recent recoveries. The broader crypto market was buoyed by positive news regarding global trade and regional tensions, boosting investor appetite for risk assets.

Source 🔗