Altcoin Dominance Poised for Major Bull Run: 2024-2025 Cycle Set
The altcoin dominance chart presented signals a strong bullish setup for the next wave, potentially stretching into 2024-2025. By analyzing the cyclical behavior from previous altcoin seasons (notably 2016-2017 and 2020-2021), we observe a repeating pattern where altcoin dominance sharply rises after a period of consolidation.
Historically, after each retracement (highlighted in red), a notable surge in altcoin dominance has followed. The chart suggests that the current phase is positioning for another breakout, similar to previous cycles. The parallel channel indicates that we may expect the dominance to climb toward the 20% range, correlating with the previous bull market peaks.
With altcoins forming a stable base, this is a prime time for bullish accumulation, as the next phase could bring substantial gains during 2024-2025, positioning this setup as a prime opportunity for those preparing for the next altcoin season.
Historically, after each retracement (highlighted in red), a notable surge in altcoin dominance has followed. The chart suggests that the current phase is positioning for another breakout, similar to previous cycles. The parallel channel indicates that we may expect the dominance to climb toward the 20% range, correlating with the previous bull market peaks.
With altcoins forming a stable base, this is a prime time for bullish accumulation, as the next phase could bring substantial gains during 2024-2025, positioning this setup as a prime opportunity for those preparing for the next altcoin season.
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