Signs Altcoin Buying Begins

An altcoin season is a period of time when altcoins experience significant price increases and market capitalization increases relative to Bitcoin (BTC). Here are some common signs that may indicate the start of an altcoin season:

Market Indicators

1. Declining BTC dominance:

A decline in Bitcoin's market dominance, typically below 40%, may indicate a shift in investor interest in altcoins.

2. Rising altcoin market capitalization:

An increase in the total altcoin market capitalization may signal increased interest and investment in alternative cryptocurrencies.

3. Rising trading volume:

Rising trading volume across altcoin markets may indicate increased activity and interest.

Price Action

1. Altcoin Price Breakouts:

A sudden, significant increase in the price of an individual altcoin or group of altcoins can be a sign of increased interest and investment.

2. Relative Strength Index (RSI):

Altcoins with high RSI values ​​(above 70) can indicate overbought conditions, while low RSI values ​​(below 30) can indicate oversold conditions.

3. Moving Averages:

Altcoins with rising moving averages (e.g. 50-day, 200-day) can indicate bullish momentum.

(do your own research, set clear goals, and manage risk).

DYOR! #Write&Earn #AltcoinMomentum