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Altcoin Dominance Breakout Signals Potential Altseason

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Altcoin dominance breakout nears confirmation after five years of downtrend compression and strengthening higher-low structure across the macro chart.
  • A bullish MACD crossover on the higher timeframe reflects improving momentum conditions previously seen before major altcoin expansion cycles.
  • ALTS token price jumped to $0.00001147 after a sudden spike, stabilizing above earlier consolidation near $0.00001002.
  • Altcoin dominance approaching long-term resistance with bullish MACD crossover suggests growing momentum, potentially signaling the start of a new altcoin market expansion phase.

Altcoin dominance breakout signals are forming as long-term market compression approaches a critical resistance area.

Analysts tracking macro charts note improving momentum while altcoin liquidity conditions gradually shift across the broader cryptocurrency market.

Five-Year Downtrend Structure Approaches Critical Resistance

The macro chart shows altcoin dominance trending lower since the previous market peak. A descending resistance line connects several lower highs across multiple years. This pattern has defined the extended consolidation period within the broader crypto market.

Recent price movement now compresses directly beneath that long-term resistance line. The structure also shows gradually forming higher lows. Such compression patterns often appear before major volatility expansions.

The tightening range suggests weakening selling pressure across the altcoin market. Liquidity conditions appear to be stabilizing after several years of contraction. Market participants are closely monitoring the resistance level for potential breakout signals.

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A post shared by Crypto Patel on X described the setup. The analyst noted that a five-year downtrend on altcoin dominance approaches structural breakout conditions. The message also referenced improving higher-timeframe momentum indicators.

Momentum Indicators Reflect Possible Market Cycle Transition

The chart includes a momentum indicator panel positioned below the dominance structure. The MACD line currently approaches a bullish crossover on the higher timeframe. Such signals often precede broader shifts in market momentum.

Historical observations show similar crossover patterns during earlier altcoin expansion phases. When those signals were confirmed, altcoins produced large valuation increases. Liquidity rotated away from larger assets into smaller digital tokens.

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The chart also marks a previous phase labeled “Altseason Start.” That period coincided with expanding altcoin market share.

Traders commonly associate those phases with strong performance across alternative cryptocurrencies.

The current MACD configuration suggests improving market conditions once again. Momentum appears to be gradually strengthening after prolonged consolidation. Market confirmation, however, still depends on a clear breakout above resistance.

ALTS Token Price Surges After Intraday Liquidity Spike

Short-term market activity also reflects volatility within smaller tokens. The ALTS token traded near $0.00001147 following a sharp intraday surge. Data displayed through CoinMarketCap recorded a 24-hour increase near 14.5%.

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Earlier trading activity showed the token consolidating near $0.00001002. Price remained largely unchanged during most of the session. Such behavior often indicates limited liquidity and subdued participation.

Later in the session, a sudden vertical price movement occurred. The token briefly approached levels near $0.000016 before retracing part of the move. Rapid spikes like this typically emerge within thin order books.

After the surge, the price stabilized above the earlier consolidation range. Maintaining levels above $0.000010 now forms a short-term reference zone. Future sessions will determine whether the movement represents sustained demand or temporary volatility.

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Pyth soars 9% following Polymarket integration. Will it rally higher?

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Pyth soars 9% following Polymarket integration. Will it rally higher?

Key takeaways

  • PYTH is up 9% in the last 24 hours, outperforming other major cryptocurrencies.
  • The rally comes following Pyth Network’s integration with Polymarket.

PYTH, the native coin of the Pyth Network, is one of the best performers in the crypto market over the past 24 hours. It could rally higher in the near term as the broader market recovers from Thursday’s slump.

PYTH rallies on Polymarket integration

On Thursday, Pyth Network revealed in a blog post that Polymarket, the world’s largest prediction market platform, has integrated Pyth Pro as its data source for a new suite of traditional asset contracts.

The initial offerings include gold, silver, and major equity index ETFs. Polymarket now relies on Pyth Pro’s data to power its daily up/down and daily close markets, with live price charts updated every second to ensure full transparency.

The integration has seen PYTH rally by 9% in the last 24 hours and now trades at $0.0420 per coin. 

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Pyth Pro provides real-time price data through WebSocket, which Polymarket samples every second to display as a live “price to beat” chart. This allows traders to monitor the market’s status relative to their position in real-time.

The selected assets span a wide range of traditional finance, including major equity indices, commodities like gold, silver, WTI crude, and natural gas, along with over a dozen high-profile U.S. equities such as TSLA, COIN, and PLTR.

Polymarket has integrated this real-time data as a key component of its perpetual futures trading platform. Pyth Pro delivers institutional-grade market data directly from top firms, ensuring it is accurate, transparent, and affordable across all asset classes and regions.

To enhance this, Pyth has partnered with industry leaders and government agencies like Cboe, Jane Street, Revolut, and the U.S. Department of Commerce. This collaboration has helped establish a new model to make market data more accessible, accurate, and transparent.

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PYTH eyes $0.050 as bulls step in

The PYTH/USD 4-hour chart is bearish and efficient despite the coin adding 9% to its value in the last 24 hours.

The technical indicators have flipped bullish, indicating that the bulls are now in control of the market. The RSI of 63 is well above the neutral 50 and would enter the overbought territory if the rally persists.

PYTH/USDT 4H Chart

The MACD lines are also within the positive region, indicating a strong bullish bias. If the rally continues, PYTH could retest the $0.050 psychological level for the first time since March 17.

However, if the bears regain control, PYTH could retest the Thursday low of $0.038 over the next few hours or days.

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Drift Seeks Contact With The Hacker After $280M Exploit

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Drift Seeks Contact With The Hacker After $280M Exploit

Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that outside firms have estimated at roughly $280 million to $286 million.

Drift said on X that it had initiated onchain contact with wallets holding the stolen Ether (ETH), seeking to open a line of communication.

The team sent onchain messages from its Ethereum address (0x0934faC) to four wallets linked to the exploiter at the time of publication, urging the attacker to reach out via Blockscan chat. “We are ready to speak,” Drift said.

Onchain messaging has become a common tactic in exploit response, allowing protocols to communicate directly with attackers while preserving anonymity. In past cases, such as the Euler Finance hack, similar outreach led to the partial recovery of funds.

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Drift’s onchain message to the Drift Exploiter on Friday. Source: Etherscan

Anonymous sender tries to pressure the attacker

Drift’s communication came hours after an unknown sender using the ENS name readnow.eth also reached out to wallets linked to the attacker on Thursday via onchain messages.

The sender claimed to know the identities behind the attack and demanded a payment of 1,000 ETH in exchange for withholding information.

Source: Etherscan

The claims could not be independently verified and may represent an attempt to mislead or pressure the wallet holder. The incident highlights how, alongside official communications, unverified messages can circulate onchain after crypto exploits.

Solana fallout keeps spreading

According to SolanaFloor, Drift’s exploit has so far affected at least 20 Solana protocols, including the decentralized finance (DeFi) platform Gauntlet, which was estimated to be impacted to the scale of $6.4 million.

Blockchain security platform Cyvers said the impact was still expanding as of Friday morning, with no funds being recovered 48 hours past the attack.

Cyvers said that the attack was likely a “weeks-long, staged operation,” noting that the attacker set up durable nonces, a Solana feature allowing users to pre-sign transactions for future execution, days before the exploit.

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Related: Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama

“This closely mirrors the Bybit hack, different technique, same root issue: signers unknowingly approving malicious transactions,” Cyvers added.

Some industry observers, including Ledger chief technology officer Charles Guillemet, suggested the exploit may involve North Korea-linked actors, though details remain unconfirmed.

Magazine: Nobody knows if quantum secure cryptography will even work

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