The Altcoin market cap fell 44% after reaching a cycle high of $1.64 trillion in December 2024, culminating in a low of $923 billion in March 2025.
ALTCAP bounced afterward (green icon), confirming a 532-day ascending support trend line. While the prevention of the breakdown is a positive sign, ALTCAP has yet to initiate a significant rally.
Moreover, ALTCAP still trades below the $1.25 trillion horizontal resistance area, which is critical for the future trend.
The bullish divergences in the RSI and MACD (orange) legitimize the breakout and suggest the rally will continue.
While the wave count indicates a bearish long-term trend, it also predicts a relief rally of at least 17% toward $1.27 trillion.
What About Bitcoin Dominance?
The Bitcoin Dominance (BTCD) has increased inside an ascending parallel channel for 931 days. Even though such channels often contain corrections, the BTCD has maintained its upward trend.
In February, the channel’s resistance trend line rejected the BTCD (red icon). However, this did not cause a downward movement.
Rather, BTCD trades above the channel’s midline and the 0.618 Fibonacci retracement resistance level of 59.70%.
While the RSI and MACD have generated bearish divergences (orange), similar divergences have not played out repeatedly in the current cycle. So, the indicators cannot be confidently used to predict the future BTCD movement.
Therefore, BTCD could continue trading inside this channel, bouncing between the channel’s resistance and support trend line.
As long as BTCD trades in the channel’s upper portion and vice versa, an increase toward the resistance is likely.
2025 Altseason?
The crypto market has not had a proper altseason this cycle. While the ALTCAP shows bearish long-term signs, it also suggests a short-term rally could happen.
The BTCD readings align with a diminished altseason since they suggest the price will continue trading inside its existing pattern.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
