$ALT COINS may finally be waking up.
After nearly 2 years under a major downtrend, the altcoin market has broken above the long-term trendline, with the broader altcoin market cap jumping over 10% this week.
But confirmation matters: the Altcoin Season Index was still around 46, below the 75 level generally used to define altseason.
If this breakout holds and capital keeps rotating into alts, this could be the early stage of a much bigger move.
The next few weekly closes could tell the story.
#QNTRises39% #BitwiseFilesToListNEARETFOnNYSEArca #StrategyProposesDailyDividendsForPreferreds #CoinMarketCapCompletesCoinglassAcquisition
After nearly 2 years under a major downtrend, the altcoin market has broken above the long-term trendline, with the broader altcoin market cap jumping over 10% this week.
But confirmation matters: the Altcoin Season Index was still around 46, below the 75 level generally used to define altseason.
If this breakout holds and capital keeps rotating into alts, this could be the early stage of a much bigger move.
The next few weekly closes could tell the story.
#QNTRises39% #BitwiseFilesToListNEARETFOnNYSEArca #StrategyProposesDailyDividendsForPreferreds #CoinMarketCapCompletesCoinglassAcquisition