Altcoin Market Cap Triggers Bullish Signal – Is Altseason Imminent?

A golden cross flashes on altcoin charts—just as Wall Street analysts finish their third coffee and dismiss crypto (again).

Key indicators scream accumulation

The 50-day MA just vaulted over the 200-day, a classic bull signal last seen before the 2023 rally. Retail traders are FOMOing into ETH alternatives while institutions quietly stack Bitcoin—because nothing says ’hedge against inflation’ like digital assets outperforming their own legacy portfolios.

Memecoins lead the charge (naturally)

Dog-themed tokens and AI narratives are pumping hardest, proving that fundamentals matter less than Twitter hype cycles. Meanwhile, DeFi bluechips lag—apparently yield farming isn’t sexy enough for this market.

Will it last? Who knows. But watching traditional finance scramble to explain this rally will be entertainment enough.

An Impending Shift Toward The Upside For Altcoins 

After a period of sideways movements, altcoins appear to be gearing up for a positive move. Presently, alts are glimmering with newfound Optimism as the general market cap of altcoins makes a key bullish cross, suggesting a potential rebound.

Ted Pillows, a seasoned market expert and investor, spotted the cross following his examination of alts market cap on the daily time frame chart. The cross identified by the market expert is a Golden Cross, which is an indication of growing upside momentum.

A Golden Cross typically unfolds when a short-term moving average crosses over a long-term moving average. Furthermore, it is a technical signal that suggests a possible shift in market trend, particularly from a negative to a positive trend. 

With the golden cross appearing on the alt market cap, a signal often considered as a potential catalyst for significant price gains, it implies robust resilience from the non-BTC assets during a period of bearish pressure. The emergence of the cross is likely to usher in a fresh wave of rallies for altcoins as they begin to show strength for an upward move.

While a golden cross has emerged, Pillows highlighted that alt market cap has been consolidating above the 50 and 200 Exponential Moving Average (EMA) since May. A consolidation above these EMAs may seem worrying, but it is usually considered a signal for underlying strength that could materialize into a notable upside move in the NEAR future.

According to the expert, alts WOULD witness remarkable bullish movements once this posture starts to move upward, which implies that the ongoing consolidation phase is just a calm before the storm.

Altseason Becoming Highly Probable

As the alt market cap makes a golden cross, this further increases the possibility of an impending altcoin season. On-chain expert and verified author Joao Wedson previously revealed that the market is entering a period where many alts are no longer following Bitcoin’s path. 

This decoupling from Bitcoin’s price trajectory seems to have increased the likelihood of an altseason as the expert foresees a bullish phase for the assets. Despite BTC hovering near record highs, Wedson noted that most alts have little room left to drop, except for some of the top market-cap coins.

 Such a development typically indicates a phase where capital starts shifting into non-BTC assets. Thus far, Wedon has warned investors about holding BTC and stablecoins during this period as he claims that an altcoin season is inevitable this cycle.