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.