Altcoins show signs of strength when the cryptocurrency market begins to recover after a significant correction in February. This reflection pushed the total limit of the cryptocurrency market up after the $ 3 trillion is broken on February 2.

Regardless of the fact that this amendment saw Altcoin Market Cap Dip massively after rejection of $ 425 billion. However, the key observation of the Crypto Rekkt Capital analyst has noticed that despite the rejection of this significant level of resistance, the withdrawal of the capitalization of the Altcoin market is much shallower than in previous slowdowns. This observation shows that Bulls can slowly take control Among the Altcoins.

Altcoins: Market capitalization is in the face of a rejection of $ 425 billion, but Altcoins is gaining strength

Capital Technical analysis emphasizes The significance of the resistance level $ 425 billion for the Altcoin market, especially focusing on the total market capitalization of the Altcoins beyond the top ten. This analysis appears among a wider slowdown in the Altcoin sector over the past week, which is a continuation of a longer correction, which began at the beginning of January, when market capitalization reached the highest level of many years of about $ 440 billion.

Despite the mighty rejection at this key level, the depth of the last withdrawal remains much shallower than the previous correction. The current withdrawal measures about 50% compared to the resistance of $ 425 billion, while in the last two significant contacts caused steep declines to be 69% and 85%. This milder withdrawal is a change that can affect the Altcoin market trajectory.

The key extermination from this trend is the apparent weakening of resistance at $ 425 billion, which indicates that the bears drive after the withdrawal on the Altcoin market is not as mighty as in previous cycles. Unlike previous cycles, in which high sales led to deeper payments, the current price campaign signals growing market resistance.

What does this mean for the Altcoin season?

Rekt Capital analysis is in line with expectations Investors are eagerly expecting The arrival of the Altcoin season. The relatively shallow withdrawal from the level of resistance worth $ 425 billion strengthens the argument that this Altcoin season can develop better than in the last two cycles.

Analysts of cryptocurrencies, such as Rekt Capital, fervently predict that the Altcoin season has got into the action in which Bitcoin profits begin to enter Altcoins, and the Altcoin market exceeds Bitcoin.

In another analysis, Rekt Capital noticed recently Rejection of the domination of bitcoins About 64%. He noticed, however, that history shows that rejection of about 64% are mostly temporarily, and the real rejection is about 71%. When the dominance of the Bitcoins reaches here, the repetition of the story could be very severely rejected to the season defining the cycle.

For now, the domination of Bitcoins remains mighty, and the full -fledged Altcoin season has not yet materialized. Analysts such as Benjamin Cowen suggest that the expected Altcoin The rally may be stopped, Bitcoin still absorbs most market fluidity. Until the dominance shows a more pronounced reversal, Altcoin investors may have to wait a little longer.

A distinguished picture from Pexels, chart from TradingView