The next director of the cryptom market has spent the last few weeks with uncertainty Bitcoin trading under $ 112,000 and large old coins with great market capitalization move in unclear directions. Under the short-term swings, a great technical shift unfolds on the Altcoin market.
According to the analysis of the crypto analyst Crypflow, the overall market capitalization of old coins (without Bitcoin) has just completed the highest monthly final financial statements. This conclusion could change the conversation about whether A new old season is roughly begin.
Breakout beyond earlier cycle tops
Although August ended with Many cryptocurrencies that close under their highs for this month shows that the Altcoin market managed to register the highest monthly conclusion ever.
Interestingly, the crypto analyst cryflow on the Long-term monthly table in the Altcoin market, which shows how the current rally builds on historical cycle patterns. After the cycle top in 2018 and another in 2021, followed by the soil 2022, the diagram now shows a closure over a breakout line. The Breakout line in the table is the highlight of an upward trend that has been formed since the floor in 2022, which is connected by a series of higher lows.
The latest monthly conclusion is also an outbreak over the cycle top in 2021, and the Altcoin market now has an overall rating of around 1.6 trillion dollars. This highest monthly degree in addition to some bullish divergence indicators shows that the Altcoin market capitalization may be prepared for a strong rally As after it was closed Above the cycle from 2018 in 2020.
One of the most remarkable confirmations comes from the MACD, which has been entered into the bullish territory in the monthly time frame. As Crypflow states, this type of signal is rare and often takes great effort. Interestingly, the RSI is just above the center, which means that the Altcoin market capitalization still has a long way to overcome it.
What does this mean for the old season
The Altcoin market is about to determine the rest of the year. Last cycles have shown that many old coins usually deliver their strongest performance between October and December. As shown in the above diagram, the Altcoin market capitalization also closed over 2018 at the end of 2020.
If this trend is repeated in the late year, the current outbreak could be the trigger for one of the most crucial Altcoin rally. After the previous performance in 2020 and 2021, the Altcoin market could register several bullish candles in the first months of 2026. This could in turn lead to an adult old coin season for old coins around the board. But All of this depends on it How large market capitalization of old coins such as Ethereum and XRP occur in the rest of the year.
Selected picture of Adobe Stock, diagram of tradingview.com
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