The post Altcoin Season Incoming: Key Indicators Point to June Breakout? appeared first on Coinpedia Fintech News
The crypto market is entering a new phase, and it’s becoming increasingly clear that an Altcoin Season is not only underway but is about to amplify in June. Historical patterns, strong technical indicators, and shifting market dynamics all hint at a period of accelerated altcoin performance.
Altcoins Build Momentum for Bull Run
An analysis from Joao Wedson shows that 31 out of 57 altcoins have outperformed Bitcoin over the past 2 months, a critical metric in identifying early-stage Altcoin Seasons. As per CoinMarketCap, the Altcoin Season Index is currently 25/100, but this relatively low reading suggests there’s plenty of room to grow, and a sharp surge may be imminent.
Bitcoin dominance has climbed to 61.8%, approaching what many analysts believe could be a final test near the 67% level before a reversal. Historically, such a reversal is often accompanied by capital moving out of Bitcoin and into altcoins, especially mid- and low-cap digital assets with strong community and fundamental backing.
Meanwhile, several altcoins have posted explosive gains in recent weeks. PEPE surged over 120%, with EOS, RUNE, SUI, and RENDER all rising between 70% and 90%. They signal a broader market appetite shifting toward higher-risk, higher-reward opportunities outside of the market leader, Bitcoin.
Institutional Backing to Add Fuel to the Altseason?
Adding a new layer of momentum is the growing institutional interest in Altcoin ETFs. With the success of spot Bitcoin ETFs, Ethereum ETFs, firms are now lobbying for broader altcoin-based exchange-traded products. This move would introduce regulatory clarity and drive significant new capital into altcoins like SOL, XRP, SUI, and AVAX.
Altcoins also recently experienced a golden cross, a bullish technical indicator where the 50-day moving average crosses above the 200-day moving average. This pattern often precedes major upward moves, especially when confirmed by increasing trading volumes and strong fundamentals.
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FAQs
According to indicators and historical patterns, the altseason is already underway and is expected to shoot up in June.
Altcoin season occurs when the majority of altcoins outperform Bitcoin over a 60-day period.
