Altcoin season has arrived

Check out these moves!

Altcoins are being heavily promoted and showing strength across the board.

$RIO and $NAKA above $1

$FET and $TAO in their own zone

$RENDER and $TRIAS above $5

$PROPS and $PROPC above key support

Zooming in on the market cap dominance of altcoins outside the top 10, we are around 9.78%, which is historically a critical level.

This area has acted as a support zone several times over the past few years, with each bounce triggering significant gains.

The market is gearing up for another strong rally that could potentially push altcoin dominance to 12-14%, as seen in previous cycles.

Projected trajectory?

Expect altcoins to surge to new highs in the coming months, especially as liquidity and market interest shift back from Bitcoin to the broader altcoin market.

The chart suggests that we could see a parabolic rise into 2025, with dominance increasing dramatically.

With key levels holding and market sentiment turning more bullish, opportunities for altcoins are now huge.

This could be the start of a new altcoin rally, and the charts are giving us all the signals.

The overall market momentum was strong, with multiple altcoins receiving strong buying.

Which altcoins will be promoted next?

👇

Both $BTC and TOTAL3 are at key breakout levels.

If a breakout occurs (which is of course not guaranteed), these are the 5 altcoins I’m most interested in seeing – not just this week, but in the short to medium term.

1.$Render

Artificial intelligence is one of the strongest narratives out there, and TAO is emerging as the clear leader. If the market momentum continues, I think it will continue to outperform.

Although TAO is in the lead, Render is also ready to break out.

Render is a decentralized network that provides GPU power for compute-intensive tasks such as training AI models and rendering graphics.

It’s worth noting that the Render website was recently upgraded and is now ready for mass adoption, with pricing and a “how to get started” section.

2. $DONE

I also see this as another AI agent.

FET broke through its $1.65 resistance level. The price has more than halved compared to a month ago, but is still down about 40% from six months ago.

The $1.85 level (10% upside from now) should be tested in the coming days, and a breakout above this area could see further gains towards the previous range high.

3. $SAGA

SAGA has completed an inverted head and shoulders pattern, which often signals a trend reversal. SAGA is one of the best structured mid-cap coins with a market cap of $200 million and has yet to experience its first major up move. SAGA’s technical indicators and volume action create a favorable environment for upward momentum, and I believe this breakout can easily continue.

Altcoins with low float/high FDV have been gaining momentum recently, with SAGA being one of the strongest performing altcoins over the past week.

Since no tokens will be unlocked in the next 6 months, SAGA is likely to continue its outperformance.

4. $EVERYTHING

AltLayer is a decentralized protocol designed to enhance the security, performance, and interoperability of blockchain rollups. It uses "Restaked Rollups" to combine existing rollup stacks such as OP Stack and Arbitrum Orbit with EigenLayer's re-staking mechanism to improve security and decentralization.

This low float/high FDV altcoin is starting to reclaim the key HTF level (weekly chart shown below). There is also no way to unlock it in the next 4 months.

5. $BEAM

One of the key factors driving Beam (BEAM)'s growth is its integration with the Web3 gaming sector. Beam (BEAM) has partnered with WAGMI Games to bring its privacy-centric technology to the gaming industry. The partnership is expected to boost demand for Beam (BEAM), especially as the gaming industry continues to grow. As more developers and players seek secure, decentralized gaming platforms, Beam (BEAM) is expected to capture a significant market share.

This chart does look good.

It just broke through the weekly resistance level, but it is still hit hard.

I think this is a good choice for long-term investment.