Altcoin Season About to Explode? Analyst Says $315B Breakout Is Key!

The post Altcoin Season About to Explode? Analyst Says $315B Breakout Is Key! appeared first on Coinpedia Fintech News

Despite Bitcoin surging back to the $88K level , altcoins have yet to see their big breakout. However, prominent crypto analyst Rekt Capital noted, the altcoin market cap is showing early signs of a potential rally. If it pushes toward the $315 billion mark, a short-term surge could set the stage for the beginning of Altcoin season.

Altcoins Hold Strong as Market Eyes $315 Billion

Altcoins are showing signs of strength as their market cap successfully retests a key support level. Earlier, the altcoin market faced a sharp decline, dropping nearly 55% from its peak. However, it has since regained strength by bouncing back from crucial support zones.

According to Rekt Capital analysis , the altcoin market has rebounded from the black macro wedge and is now testing the $250 billion level, which has historically played a crucial role in determining future price movements.

In the past, similar breakouts have led to significant price surges, making this a key moment for investors to watch closely. If the market sustains momentum above $250 billion, the next target could be $315 billion, a level that has previously acted as a strong resistance point.

Altcoin Season Tells a Different Story

Perhaps reports from Blockchain Center indicate that last year saw brief altcoin peaks but no true altcoin season. Typically, an altcoin season occurs when 75% of the top 50 altcoins outperform Bitcoin over 90 days, usually following a BTC rally.

Blockchain Center’s Altseason Index recorded short bull runs in January, March, and December 2024, but they were too brief to be considered a full season. Unlike past cycles from 2015-2018 and 2019-2022, the current 2023-2025 cycle has yet to see a clear altcoin season.

As of now, the Altcoin Season Index stands at 20 , indicating a strong Bitcoin season, suggesting that an altcoin season is still far away.