Altcoin Markets Showing Signs of Strength, Mirroring Previous Crypto Bull Runs
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Altcoin markets are strengthening, mirroring previous crypto bull cycles according to analysts. The total altcoin market cap is still in an accumulation range though.
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The "Supertrend Indicator" has flipped to a buy signal for altcoins, which it did prior to previous bull markets.
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Bitcoin typically leads market cycles, followed by Ethereum and other top altcoins before the rest of the market moves.
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Altcoin capitalization retreated Friday with the total down to $1.43 trillion, but some like DOGE, AVAX and KAS bucked the downward trend.
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Analysts say it's still early days for the altcoin market, but momentum is building with technical indicators flashing bullish signals.