Analysts Predict Imminent Altcoin Season: Key Insights on Top Coins Like Ethereum (ETH) and Cardano (ADA)

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  <li>Analysts are speculating about the potential start of an alt season following the recent surge in the total altcoin market cap, including Ether, which is approaching a significant resistance level.</li>
  <li>Crypto traders and analysts are closely monitoring altcoins after Ether's 27% gain over the past seven days. According to TradingView, the total market cap of altcoins is currently around $1.16 trillion, having increased by 15% over the past two weeks and approaching resistance levels seen in mid-March when it surpassed $1.2 trillion.</li>
  <li>On May 26, 'Trader Tardigrade' told his 50,000 followers on X that the total market cap of altcoins could triple if the market manages to break out of the "inverse head-and-shoulders pattern." He added, "A breakout is expected within a few weeks based on this structure."</li>
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<p><strong>Speculations rise as altcoin market cap surges, with experts predicting a potential alt season. Stay updated with the latest insights and trends in the crypto world.</strong></p>
<h2><strong>Crypto Experts Optimistic About Altcoin Market!</strong></h2>
<p>On May 26, trader and analyst 'Rekt Capital' observed that the altcoin market cap is set to achieve its highest weekly close since early April 2024. Meanwhile, technical analyst 'Yoddha' stated on X, "We expect a massive rally in altcoins once it breaks above the weekly resistance."</p>
<h3><strong>Historical Trends and Market Movements</strong></h3>
<p>Analyst 'Moustache' shared a similar chart with his 120,000 followers on X, stating, "Alt season is very near." Analysts have also noted that in previous cycles, capital tends to flow from Bitcoin to Ether and then to lower-valued altcoins. Bitcoin's market dominance has dropped by 3.7% over the past two weeks to 53.9%, indicating a strengthening altcoin market.</p>
<h3><strong>Conclusion</strong></h3>
<p>The recent surge in the altcoin market cap and Ether's significant gains have led to renewed speculations about the onset of an alt season. Analysts are optimistic, citing historical trends and current market movements. However, investors should conduct their own research and exercise caution, as the crypto market remains highly volatile.</p>