The cryptocurrency market, which has been experiencing a downward trend in recent weeks, is once again attracting investors' attention. In particular, as the altcoin market capitalization has dropped from its January high of $1.64 trillion (approximately 2,396 trillion to the current level of $931 billion ( 1,359 trillion won some market experts have diagnosed this as as an excellent opportunity to purchase altcoins.
According to cryptocurrency analyst Darkfost, the fact that altcvolume has notsignificantly lower than the the annual average is a typical signal of a spanope="market accumulation phase">marketulation>through major charts that 30-volume onStable coin pairs has entered a section below the average annual average and evaluated that now is a good time to implement a 'Dollar-Cost Averaging (DCA)' strategy.
Bitcoin (BTC) dominance is is also noteworthy. According to trading data platform TTradingView, Bitcoin's current dominance is around 63.5%, maintaining an upwardend trend. However, another analyst, Mister Crypto, stated that this ratio is drawing a pattern similar to span the past, a 'rising wedge', is interpreted as a bearreversal signal.
This perspective is similar to the case in 2021. At that time, after Bitcoin's dominance sharply declined, the market staged a rally that of over 30 times., experts suggested that if this pattern repeats, the possibility of the altcoin market transitioning to a 'true bull market' cannot be ruled out.
However,,, are signals about the possibility of an altcoin season. The Blockchainchain Center's Altcoin Season Index is currently at 18 indicating, and this figure needs to exceed 75 to be the considered-cmarket. This indicator shows that Bitcoin is currently currently leading most of the market.
In summary, the current market suggests a 'buying zone' through various indicators such as market capitalization reduction, low trading volume, and approaching Bitcoin dominance resistance. However, since the Altcoin Season Index remains at a low level,, level, carefully investors need observe the overall market trend.
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