Altcoin Season Index signals a potential rebound as altcoins lag behind Bitcoin.
AI and meme coins lead altcoin narratives, capturing traders’ attention and growth.
Breaking $644B resistance could trigger a powerful altcoin rally up to $740B.
The altcoin market may be gearing up for a significant rally, with signs pointing to the potential start of a new altcoin season. After a period of lagging performance, several indicators suggest that altcoins are poised for a resurgence. Traders and investors are watching closely as the Altcoin Season Index reaches its lowest point since early September, signaling a possible shift in momentum.
Moreover, the rising popularity of narratives around artificial intelligence (AI) and memes and the potential breakout of key resistance levels in the total crypto market cap excluding Bitcoin (BTC) and Ethereum (ETH) further fuel optimism about the altcoin market.
Altcoin Season Index Nears a Rebound
The Altcoin Season Index, which measures the percentage of altcoins outperforming BTC, has dropped to a low not seen since early September. This decline, despite Bitcoin’s recent rally from $60,000 to $68,000, creates an opp…
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