Will this retracement mark the beginning of the altcoin season?

If this retracement is significant and does not break down, it could actually present an opportunity for altcoins.

From the perspective of others.d, the altcoin season has not yet arrived; it's just market makers (reluctantly) pushing up the prices along with BTC.

Many altcoins have seen far lower increases compared to Bitcoin.

Bitcoin has retraced from 90,000 to 85,000 (5% drop), others can drop from 290b to 250b (14%).

The real altcoin season is still far from us. Right now, it's just a Bitcoin bull market.

By the way, let me criticize the altcoin promoters and market makers; you really are foolish.

So when does the altcoin season begin?

This was also mentioned in yesterday's article; there is no rush now, the altcoin season is still to come, and currently, we need to hold onto our chips.

But if we have to say when the altcoin season starts, perhaps with the further expectations of interest rate cuts by the Federal Reserve stacking up, and with macro conditions remaining favorable, a large influx of new liquidity into the market is expected to initiate the altcoin season, leading to a new round of growth that may last for a while.

Ambush layout for the following 4 cryptocurrencies to potentially explode 10-100 times in the future!

1, SUI

Sui (SUI) has rapidly become a transformative force in the cryptocurrency space. As a Layer 1 blockchain, Sui's technical framework prioritizes scalability, security, and user accessibility, qualities that have driven its price to a historic high of 3.30 dollars.

Although the token value has slightly retreated, SUI has risen 29.25% in the past seven days, marking a steady climb and increasing investor interest. With innovations like zkLogin and programmable trading blocks, Sui offers users a rare simplified experience in the Web3 space.

With a market cap of 8.41 billion dollars and strong community support, Sui stands out as a foundational blockchain project, providing substantial returns for early investors.

2, BONK

BONK has just broken out of a significant triangular consolidation zone that has lasted nearly a year. If it confirms a retest, this could be a bold opportunity to layout.

BONK's next steps will be quite aggressive, especially with the following catalysts stacking up, it will stand out among meme coins:

1, Rumors of listings on Robinhood and Webull are approaching, which will unlock liquidity for American retail investors.

2, The only memecoin with ETP

3, The only newly listed memecoin on Coinbase

4, Strong buyback/burn pressure from BonkBot

5, Upbit USDT trading pair is now online, and the KRW (Korean Won) trading pair is coming soon, which may spark enthusiasm in the Korean market.

These catalysts make BONK impossible to ignore.

3, POPCAT

The meme coin Popcat (SOL) on the Solana network has gained tremendous attention in the cryptocurrency market. Popcat (SOL) started at a price of 0.07 dollars; although its ascending wedge pattern is generally considered a bearish signal, it has surged along a strong upward trajectory, showing impressive growth.

However, it continues to exceed expectations, rising with each wave. Considering the current momentum and community interest, the market cap of $POPCAT could reach 2 billion dollars.

The token has been on an upward trend, with increasing value; if it capitalizes on the euphoric market sentiment, it could further grow, with the relative strength index (RSI) hovering around the neutral level of 50.

If the RSI reaches overbought levels again, the market cap could soar further, making POPCAT one of the most promising meme tokens in the field. With the Solana network gaining attention, Popcat (SOL) stands out as a high-potential token worthy of close monitoring for its future price trends.

4, PEPE

Pepe Coin is currently one of the largest meme coins by market cap, with active market activity in recent weeks. Although its market cap has fallen from a historic high of 7 billion dollars, it rebounded from 3.35 billion to 5.6 billion dollars, indicating strong investor interest.

This new momentum suggests that the market cap could reach between 10 billion to 15 billion dollars, which could drive prices up significantly. Additionally, PEPE has a large following of over 670,000, making it a well-known name in the meme coin space and also a token based on Ethereum.

Its recent price trends show a good bullish trend, analysts believe that as Bitcoin's dominance weakens, the altcoin and meme coin markets may gain greater appeal.

The resistance level is at 0.0000015 dollars; if this resistance is broken, the token is expected to grow, potentially even re-testing previous highs.

Although $PEPE may not yield massive returns like smaller meme coins, it is seen as a more stable and valuable investment in the meme coin space, especially as retail investors re-enter the market.