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Altcoin Season Ahead? Key Dominance Metrics Hit Historic Support Zones

  • Altcoin dominance metrics, excluding Ethereum and stablecoins, have reached historic support zones which have historically marked the beginning of major altcoin rallies in past cycles.
  • Altcoin dominance, excluding stablecoins, has dropped to 28.4%, just above its support zone between 24% and 25.3%, which acted as a launchpad for strong altcoin rallies in previous cycles.
  • The dominance of altcoins excluding Ethereum is at 18.92%, slightly above the critical threshold of 18%, which historically precedes periods where Bitcoin loses market share to altcoins.
  • While these support levels do not guarantee a breakout, they signal that altcoins could be approaching a turning point, potentially offering investment opportunities for traders looking to explore undervalued altcoins.

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