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Is an Altseason Coming? Key Technical Signals Suggest Bullish Momentum

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3 hours ago

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The altcoin market is witnessing a critical technical development with the impending formation of a “Golden Cross” on the weekly timeframe. This occurs when the shorter-term 100-week moving average crosses above the longer-term 200-week moving average. Historically, this crossover is regarded as a positive signal, often preceding strong upward price movements.

Golden Cross Indicator Signal Altseason

A Golden Cross, a widely recognized bullish signal, occurs when a shorter-term moving average crosses above a longer-term moving average. In the case of the altcoin market, the 100-week moving average is nearing a crossover above the 200-week moving average. Historically, this technical pattern has been linked to periods of sustained upward momentum. 

According to analyst ‘Titans’, the last Golden Cross coincided with the start of a major altseason, suggesting that a similar scenario may unfold.

AltseasonAltseason
Source: X

This technical alignment points to growing strength within the market and reflects a potential shift in sentiment. Previous occurrences of the Golden Cross in the altcoin market have led to substantial rallies, driven by increased investor confidence.

Repeating Market Cycles: A Look at Historical Trends

Analysts have also observed recurring patterns in the altcoin market. The charts for 2024 and 2025 exhibit clear consolidation phases followed by breakout rallies. These consolidation periods are characterized by price accumulation within defined channels. As seen in past cycles, these breakouts have historically led to an altseason.

The projections for 2024 and 2025 align closely with previous bullish trends, lending weight to the argument for a potential altseason. The marked “Altseason” area on the charts highlights the tendency for altcoins to outperform following such technical setups.

AltseasonAltseason
Source: X

However, despite the bullish sentiments, some analysts have expressed skepticism about an altcoin rally. One expert raised concerns over the massive supply of altcoins diluting market interest. 

Ali Martinez argued that the sheer number of altcoins—now exceeding 36 million— reduces the likelihood of a traditional altcoin rally. He highlighted that the limited supply in earlier years allowed altcoins to gain momentum

Long-Term Market Outlook

The overall trendline on the charts suggests a long-term upward trajectory for the altcoin market. This trendline, coupled with the impending Golden Cross, provides further evidence of building bullish momentum. Therefore, while skepticism remains regarding an immediate altseason, the technical strength visible in the charts cannot be ignored.

More so, a recent CoinGape report highlighted five promising altcoins poised to lead the anticipated 2025 altseason. These include Chainlink (LINK), Minotaurus (MTAUR), Polkadot (DOT), Aptos (APT), and Render Network (RNDR). Each of these altcoins presents strategic opportunities for growth and innovation during this bullish phase.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Altcoin

Can Binance Coin Reach $2,000 In This Bull Run?

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2 hours ago

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February 8, 2025

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Defying the broader crypto market trends, Binance Coin (BNB) is exhibiting a remarkable rally. While top cryptocurrencies, including Bitcoin, Ether, XRP, and Solana are experiencing massive dips, BNB Chain’s token is showing significant strength.

Binance Coin Explodes: $2000 in Sight

While the crypto winter rages on, Binance Coin is bucking the trend with a remarkable rally. In an X post, expert Crypto Patel puts forward a daring prediction that BNB will reach an incredible $2000 in this bullish ascendance. In addition, the analyst forecasts that the token eyes a more breathtaking target of $4000 during the next bull run.

According to Crypto King, BNB is on the cusp of forming a god candle, with a decisive move above $630 set to trigger the formation. Another expert, Max Brown, believes a $1000 target for BNB is well within reach in 2025. The analyst wrote, “BNB is finally exploding.”

Will Binance Coin Lead the Altcoin Season?

Despite the prevailing crypto market crash, analysts foresee a possible altcoin rally ahead. Considering Binance Coin’s current performance, market experts like Ash Crypto envision BNB’s dominance in the upcoming altcoin season.

Commenting on Binance Coin’s notable trajectory, investor and trader Val Me stated, “$BNB today does not really care what the rest of the market is doing – sideways uppish.”

Meanwhile, crypto enthusiast Eliz urged the community to exercise caution before making investment decisions. Many boldly await the BNB season with its price predicted to surge past $5,000. However, Eliz sounded a note of caution, urging investors to wait for price deviation confirmation before jumping into the anticipated price.

9% Uptick in 24 Hours: What Awaits Ahead?

At press time, Binance Coin is trading at $630.56, marking a notable surge of 8.89% over the last 24 hours. However, over the past week and month, the token has registered declines of 4.40% and 6.9%, respectively.

BNB’s resilience in the face of a declining market has sparked celebration within the crypto community, as reflected in the growing investor sentiment. In a single day, Binance Coin has seen $2.03 billion in trading volume, up 30.05%. The token’s market cap has also secured a surge of 9.07%, currently at $89.89 billion.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Why Ethereum Price is Crashing?

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5 hours ago

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February 8, 2025

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The Ethereum price is continuing its downward trend, aligning with the broader negative market sentiment. As Bitcoin hovers around the $95k level, Ethereum (ETH) is struggling to regain momentum. However, market experts remain optimistic about the Ethereum price’s potential bullish rally, destined to reach new all-time highs.

Notably, the crypto market is once again on a bearish track, with the total market cap sliding to $3.13 trillion, down by 2.26%. Top 15 cryptocurrencies, including Ethereum, XRP, Solana, and BNB have experienced massive declines over the last seven days.

Ethereum Price Continues to Fall: What’s Next?

According to an X post shared by crypto enthusiast Crypto Fella, Ethereum is “heavily undervalued.” Despite the Ethereum price’s continuous descending journey, Crypto Fella remains confident about the token’s hike. The analyst stated, “Patience will be rewarded.” The daily chart presented by Crypto Fella indicated that Ethereum’s surge past $3,500 is imminent.

CryptoHotep, a crypto trader, noted Ethereum’s possible growth to around $3200 in the short term. Meanwhile, Moralis, an analytics platform, has made a bold prediction that Ethereum’s price could skyrocket to the highly anticipated $7k level. According to the platform, Ethereum will hit $7,340 or even higher in 2025.

Is Ethereum’s Journey to $20k Possible?

In a recent analysis, the crypto influencer known as X as Cryptosahintas shared an ambitious target for the Ethereum price. The analyst identified ETH’s key support and resistance levels since 2017. While the analyst highlighted ETH’s current price level as a critical support zone, the rally past the mark could boost Ether to a breathtaking high of $20,000.

Ethereum’s bullish prediction is further bolstered by Michael van de Poppe’s analysis of the crypto market. As per van de Poppe, altcoins including Ethereum could witness a remarkable upswing, primarily driven by Trump’s ETH acquisition.

Hong Kong Recognizes BTC and ETH as Valid Assets

Reportedly, Hong Kong has accepted Bitcoin and Ethereum as valid proof of assets for investment immigration applications. While the development underscores the city’s increasing affinity towards cryptocurrencies, it signals both tokens’ significant market moves.

Despite the prevailing crash, both Bitcoin and Ethereum have shown signs of recovery following the pivotal moment. Though ETH is trapped in a low-point zone, there are speculations that the token will have a 3x increase in the year.

2024 vs 2025: Will History Repeat?

The Ethereum price currently stands at $2,619.57, having dropped 2.85% over the past 24 hours. Looking at the broader picture, ETH has experienced a significant decline of 19.4% over the past week and 22% over the past month.

Entrepreneur Ted drew a parallel between Ethereum’s trajectory in 2024 and its projected path in 2025. At the onset of 2024, ETH stood at $2.1k. After retesting major levels, Ethereum pumped 100% just within six weeks. This comparison signals the Ethereum price’s possible jump in the coming weeks.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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What Does Donald Trump’s ‘Reciprocal Tariffs’ Mean For The Crypto Market?

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8 hours ago

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February 8, 2025

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US President Trump is set to impose ‘reciprocal tariffs’ next week on certain countries. This is significant considering the impact such a move could have on the crypto market, with a potential crash a possibility.

What Trump’s Reciprocal Tariffs Mean For The Crypto Market

According to a Bloomberg report, US President Donald Trump has revealed that he plans to unveil reciprocal tariffs next week in a move that could further escalate his trade war with the country’s allies.

The President has also suggested that he plans to implement a global tariff, which will especially target the European Union. These proposed moves from Trump have brought about economic uncertainty, which is negatively impacting the crypto market and could affect it further.

It is worth mentioning that the market crashed earlier this week amid Trump’s tariffs on Mexico, Canada, and China, with over $2 billion liquidated as Bitcoin, XRP, Dogecoin, Solana, and other major caps dropped. Although the market rebounded following an agreement between the US, Mexico, and China to pause these tariffs for one month, the proposed reciprocal tariffs have again sparked a bearish sentiment among traders.

The Bitcoin price continues to swing below and above $96,000, while the broader crypto market has also stagnated amid this economic uncertainty. Considering the current outlook in the market, prices could further crash as Trump announces these reciprocal tariffs next week.

Amid this development, the market continues to suffer millions of dollars in losses. Coinglass data shows that over $250 million has left the market in the last 24 hours, with both long and short traders taking a hit.

Whales Remain Bullish On The Market

Despite the crypto market still at risk of suffering a significant crash, crypto whales remain bullish and are using this downtrend as an opportunity to accumulate more coins.

In an X post, crypto analyst Ali Martinez revealed that these investors have withdrawn over 70,000 BTC from exchanges in the past week, signaling long-term confidence in the market.

As CoinGape reported, there is the possibility of the Bitcoin price dropping to $90,000. However, crypto experts remain bullish on the market and suggested that this was the perfect buying opportunity.

The Cardano founder Charles Hoskinson also recently asserted that 2025 is crypto’s year despite the recent crypto market crash. He alluded to how the market showed strength following the $2 billion liquidation event earlier this week.

Other Factors To Consider

Besides Donald Trump’s policies, there are certain factors which could impact the crypto market. One is the US Federal Reserve’s economic policies. At the moment, the Fed look to be hawskish and are tilting towards quantitative tightening rather than quantitative easing policies.

A positive for the market was the recent release of the US job data, which showed that growth in the US labor market is slowing. This is bullish for crypto as it could force the Fed to pivot.

However, the US Central Bank will need more than that to adopt a different stance, which is why the US CPI inflation data which will be released next week is one to keep an eye on. Signs of inflation cooling off is bullish and could convince the Fed about adopting a dovish stance towards the economic’s outlook.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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