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Altcoins Maintain Strength: Market Cap Targets $315 Billion

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by Giorgi Kostiuk

3 days ago

Despite Bitcoin's surge to $88K, altcoins have yet to experience a significant breakout. However, analysts observe early signs of a potential rally.

Current Altcoin Trends

Altcoins are holding strong after recovering from a significant decline. Their market cap is rebounding as key support levels are successfully retested.

Rekt Capital's Analysis

According to analyst Rekt Capital, the altcoin market is testing the $250 billion level after bouncing from the black macro wedge. If momentum is sustained, the next target could be $315 billion.

The altcoin market rebounds from the black macro wedge.

Absence of a Full Altcoin Season

Blockchain Center reports indicate brief altcoin peaks last year, but no true season. The current Altcoin Season Index stands at 20, which suggests a strong Bitcoin season.

Altcoins show early signs of growth, potentially setting the stage for a future season. However, a full season has yet to manifest.

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