
Jakarta, Pintu News – Altcoin season is back on the table after analysts observed the emergence of new signals in the market. Their remarks come amid a situation where traders are keeping a close eye on Bitcoin’s movements, chart patterns, as well as the latest developments of major altcoins such as Ethereum , XRP , and Cardano .
Michael van de Poppe stated that the next movement of the market largely depends on how altcoins move against Bitcoin .
Read also: Altcoin Season Not Coming? Crypto Analyst Reveals the Real Reason!
According to him, altcoins usually start to show strength when Bitcoin starts to slow down. He also emphasized that traders tend to wait for Bitcoin to be in a consolidation phase or stable movement before shifting their funds to altcoins.
Van de Poppe explains that this pattern has been repeated in previous market cycles, and the current chart looks similar to those periods.
He also added that traders are currently monitoring pairs like ETH/BTC, XRP/BTC, and ADA/BTC to see if they can hold up. These pairs often provide early signals before the overall market reacts.
In addition, Van de Poppe highlighted the importance of market confidence. He said that traders need clearer signs before they are willing to take bigger risks.
He also noted that liquidity in recent months has been concentrated in Bitcoin, leaving altcoins with more limited room to maneuver. However, he believes this situation could change if Bitcoin remains calm and stable.
It is important to note that his views remain cautious. He does not state that the altcoin season has begun, but judges that market conditions are starting to approach the situation that usually favors the occurrence of an altcoin season.
Dan Gambardello gave a detailed response to claims that altcoin season will not happen. He said that he has seen many comments like, “There will be no altcoin season. There are 36 million tokens. Liquidity is too dispersed. There will be no rotation.”
But after reviewing the current market data, Gambardello came to a different conclusion. According to him, current market conditions do not reflect these claims. He emphasized that the cyclical structure still follows a clear and regular pattern.
He also added that altcoins often go through a weak phase for a long time before finally starting to strengthen. According to him, this phase is a normal part of the market cycle, not a sign that the market has failed.
Gambardello describes the current market conditions as “difficult mode.” He recognizes that traders are facing a long consolidation phase and slow price movements.
Read also: Whale’s XRP Sell-off Reaches $4 Billion in November – Highest Since March 2023!
However, he emphasized that this phase does not mean that the market has broken down. According to him, the existing pattern is still on track. The discussion also mentioned that the true altcoin season has yet to begin, and the current phase is likely to end soon if the cycle stays on track.
In addition, Gambardello noted that the early signs of increased volume are starting to show. He mentioned that an increase in volume is often the first signal of a shift in market direction.
Based on data from CoinMarketCap when this article was written, the price of ETH was recorded at around $3,035.11, XRP was around $2.19, and ADA was at $0.4315. These three assets often get early attention as they usually reflect changes in market interest.
Ethereum still dominates activity in the crypto market and is often used as a benchmark to see if capital is starting to flow into riskier assets. Meanwhile, XRP remains in a stable range, and ADA shows consistent movement around its support levels.
These prices are giving mixed signals. ETH is still holding above the support level, XRP is flat, and Cardano (ADA) is also still in a narrow range. Nonetheless, traders see this as normal in times of sluggish markets. They also see it as a potential early signal if market conditions start to change.
Market observers believe that the next few weeks will determine the direction of market movements. It was also stated that the performance of these three assets could help traders understand whether market interest in altcoins is starting to pick up again.
The debate on altcoin seasonality is still ongoing, but now the market has more data to monitor while waiting for clearer confirmation.
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