After a bullish start in the month, Altseason is said to have begun, reclaiming 3.5 years of resistance. Meanwhile, they are not gaining momentum even as the BTC price consolidates after a significant increase. This suggests that market participants are currently focusing on star cryptocurrencies and may remain until the tokens reach the peak of the current bull run.

Not all altcoins behave similarly at the moment. While tokens like LINK, AAVE, etc., are rising higher, other tokens like MANA, ETH, ADA, etc., are consolidating and waiting for their moment. The market capitalization of Altcoins is testing a significant resistance level at $1.64 trillion, but the subsequent rejection has created bearish waves with fears of a prolonged pullback below $1.5 trillion.

Does this suggest that waiting for a strong replacement season may take longer than expected?

As seen in the chart above, the market capitalization excluding Bitcoin faced rejection just below its ATH at $1.71 trillion. It is expected that this will be a minor pullback, but the second consecutive week affected by bearish trends has raised many concerns. Mainly because the volume has reached levels of 2021, and a similar rejection could confirm the potential for a downturn. However, the RSI, which has shown bearish divergence, has yet to reach the highest level, which could be near 85.

Altseason has experienced a Golden Cross in the past few days, looking quite similar to the 2020-21 cycle. Therefore, considering the similar impact in the upcoming days, Q1 2025 is expected to be quite explosive. Although Bitcoin's dominance has been heavily affected and is trying to rise, it is ultimately expected to decline, leading the market to witness one of the strongest Altseasons in history.

With this, it is necessary to stay away from memecoin FOMO and focus more on projects with solid foundations. For example, Worldcoin works for identity & finance, Uniswap, known as the OG of DEX with enduring strength. Meanwhile, AAVE, recognized as a DeFi powerhouse, Chainlink, regarded as the backbone of DEX oracles, and Maker – a key in stablecoins.

Alongside this, Ondo is developing real-world assets that are tokenized, Solana focuses on speed, scalability, and a robust development ecosystem, while Binance Coin is the native token of a large exchange with many utilities.

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