All signs are pointing to the start of a new altcoin season, and the market could be gearing up for a massive price explosion! Both technical and fundamental indicators this week suggest that altcoins are on the brink of a major rally. Weâve already seen the first phase of this bull cycle from June 2023 to March 2024, but now weâre entering the second and more aggressive phase that typically drives the most substantial gains.
Taking a close look at the Crypto Total Market Cap (excluding the Top 10), on the 2-week time-frame, we can observe that prices have consistently found support on the MA50 (blue trend-line) over the last four candles. With higher closes, the market looks primed for a decisive breakout. The current set-up mirrors the previous two bull cycles, with prices sitting at the critical 0.382 Fibonacci retracement levelâthe same point where past altcoin parabolic rallies began. Indicators like the RSI and MACD are also showing similarities to the conditions of December 2016, with a MACD Bullish Cross being the final confirmation needed for the rally to ignite.
Historically, these rallies have reached the -1.5 Fibonacci extension, and thereâs no reason to expect a different outcome this time around. As we approach the end of 2025, a 3T target seems entirely within reach.
