Altcoins have made more progress than the high-cap crypto assets over the past few days as markets show further signs of recovery.<\/p>\n
This has led to renewed calls for altseason<\/a> from industry analysts and observers. However, they may be a little premature as the big boys usually peak first.<\/p>\n On Aug. 26, technical analyst \u2018Rekt Capital\u2019 observed<\/a> that there were several \u201cbullish divergences\u201d on altcoins. He added that these were also \u201cfacilitating the development of early-stage market structures\u201d and potential future breakout patterns.\u201d\u00a0A bullish divergence is a technical chart pattern that signals a potential price reversal.<\/p>\n Meanwhile, on Aug. 25, trader and analyst \u2018Mags\u2019 declared that altseason was incoming following several months of downward and sideways action. Similar \u2018chopsolidation\u2019 has preceded altcoin breakouts<\/a> in previous market cycles.<\/p>\n #Altcoins<\/a> season Incoming pic.twitter.com\/mDdYS6Ccai<\/a><\/p>\n \u2014 Mags (@thescalpingpro) August 25, 2024<\/a><\/p>\n\n \u2018Ash Crypto\u2019 explained to his 1.1 million X followers that there were a number of phases to altseason.<\/p>\n He noted that the first phase starts before the halving when altcoins begin to rally<\/a> just before Bitcoin halves. The second phase is a pause and pullback, which is what we have seen since the halving and where things are currently.<\/p>\n Following these two is a parabolic stage, where there are big gains over a short period of time. The analyst predicted altseason to begin later this year.<\/p>\n \u201cWe can\u2019t exactly pinpoint the exact date. But according to previous data, we can assume around Nov to Dec 2024.\u201d<\/p>\n ALTSEASON 2.0 UPDATE<\/p>\n A lot of you guys are asking me Well, here’s my answer\u2026.<\/p>\n ALTSEASON moves in PHASES.<\/p>\n PHASE 1: PHASE 2:\u2026 pic.twitter.com\/ZihWbhyKhw<\/a><\/p>\n \u2014 Ash Crypto (@Ashcryptoreal) August 24, 2024<\/a><\/p>\n\n Several altcoins have outpaced Bitcoin\u2019s growth over the past seven days, notching up double-digit gains. These include Solana (SOL, 12.3%), Tron (TRX, 23%), Cardano (ADA, 15%), Avalanche (AVAX, 30%), and Chainlink (LINK, 21%).<\/p>\n Additionally, artificial intelligence-based assets have also been on fire, posting even greater gains. Some top AI performers over the past week include Near Protocol (NEAR, 26%), Artificial Superintelligence Alliance (FET, 65%), Bittensor (TAO, 25%), and Render (RENDER, 43%).<\/p>\n The big move for AI tokens comes as markets anticipate the second quarterly revenue report from tech and AI giant Nvidia<\/a>, which is due on Wednesday.<\/p>\n Moreover, Bitcoin market<\/a> dominance was recently rejected from a major resistance level, which could mean an altcoin rally is imminent.<\/p>\n BTC dominance is currently 57.43%, according<\/a> to Tradingview, and it has been trending higher since November 2022. However, it hit resistance earlier this month and is approaching similar levels again.<\/p>\n The post Is Altcoin Season Around the Corner? Analysts Weigh In on Market Trends<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Altcoins have made more progress than the high-cap crypto assets over the past few days as markets show further signs of recovery. This has led to renewed calls for altseason from industry analysts and observers. However, they may be a little premature as the big boys usually peak first. When Altseason? On Aug. 26, technical […]<\/p>\n","protected":false},"author":0,"featured_media":943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/942"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=942"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/943"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}When Altseason?<\/h2>\n
if when will be the next ALTSEASON.<\/p>\n
This phase starts before the halving.
It is where the ALTCOINS started to
rally just before the HALVING event.<\/p>\nBitcoin Dominance Resistance<\/h2>\n