Here is Why Analysts say the Altseason is Not Coming Back
The post Here is Why Analysts say the Altseason is Not Coming Back appeared on BitcoinEthereumNews.com.
Most altcoins are currently displaying bearish patterns that suggest “altcoin season” is not coming, according to numerous analysts, as Bitcoin dominance begins to rise again. Key takeaways: The Supertrend indicator flashes “sell,” which previously led to a 66% drop in the altcoin total market cap. Rising BTC dominance and a low altcoin season index show no signs of reversal. Altcoin total market cap turns bearish The ongoing sell-off in altcoins is reflected by the correction in TOTAL2, the total market cap of all cryptocurrencies excluding Bitcoin (BTC), that began on Oct. 10. Data from TradingView shows that TOTAL2 has decreased by 32% to $1.19 trillion in December from its all-time high of $1.77 trillion reached on Oct. 10. This drop has seen TOTAL2 lose above key support levels, including the 50-week exponential moving average (EMA) currently at $1.3 trillion, as shown in the chart below. Related: Crypto altseason unlikely in 2026 as ‘blue-chip survivors’ to win out: Analyst The SuperTrend indicator also flashed a bearish signal when it reversed from red to green and moved above the price in mid-November. This indicator overlays the chart while tracking TOTAL2’s trend, like the moving averages. It incorporates the average true range in its calculations, which helps traders identify market trends. Previous confirmations from these two indicators were followed by 85.5% and 66% drawdowns during the 2018 and 2022 bear markets, as shown in the chart below. Total crypto market cap excluding BTC. Source: TradingView Altcoins are still stuck in the downtrend as TOTAL2 consolidates within an ascending triangle. “Altcoin market cap is coiling into a brutal downtrend,” Merlijn The Trader wrote in an X post analysis. Support at $1.15 trillion is holding for now, but “if this triangle breaks, we could see a -30% flush” to $830 billion, the analyst wrote, adding…
Filed under: News - @ December 24, 2025 10:26 am