Altseason Index Surges: Is the Altcoin Breakout Phase Here?

Altseason index hits a high, altcoin market cap nears all-time highs. Is phase 3 of altseason upon us?

Altseason Index Surges: Is the Altcoin Breakout Phase Here?

Altseason is heating up! With the altcoin index flashing strong signals and market caps approaching record levels, traders are eyeing a potential breakout. Is phase 3 of altseason officially here?

Altseason Index: The Highest Reading Since December 2024

The altseason index has surged to 76, according to Blockchain Center and CoinGlass, signaling strong altcoin outperformance relative to Bitcoin. This is the highest reading since December 2024, indicating a potential shift in market dynamics. CoinMarketCap's reading is at 67, also at its highest levels since December 2024. Typically, altseason is said to begin when 75% of the top 50 crypto assets outperform Bitcoin over 90 days.

Altcoin Market Cap Approaching All-Time Highs

The total altcoin market capitalization (excluding Bitcoin and stablecoins) has reached $1.63 trillion, inching closer to its all-time high of $1.7 trillion from November 2021. A breakout above the $1.64 trillion level seen in November 2024 could trigger wider excitement and new participation, according to Daan Crypto Trades.

The Compression Phase: A Make-or-Break Moment

TOTAL3, the combined market capitalization of altcoins (excluding Bitcoin and Ethereum), has been in a compression phase for nearly four years. This extended consolidation leaves altcoins at a decisive point. A successful breakout above resistance could unleash significant upside momentum.

Phase 3 of Altseason: What to Expect

Trader Ash Crypto has declared this the start of "phase 3 of altseason," predicting parabolic moves. Altcoins like Dogecoin, Avalanche, Hyperliquid, Stellar, Litecoin, and Toncoin have been leading the charge, fueled by speculation around altcoin ETFs, scaling solutions, and memecoin-led retail inflows.

Final Thoughts

Are we on the cusp of a full-blown altseason? The indicators are certainly pointing that way. Keep your eyes peeled, folks – it could be a wild ride!