- A Golden Cross is forming on the altcoins market cap daily chart.
- A similar signal triggered a 41% altcoin market surge in two weeks last year.
- Analysts are optimistic about an upcoming altseason.
A crucial signal has appeared on the altcoins market cap chart, and crypto analysts consider it a sign of what could happen in the altcoin market soon. If fulfilled, the outcome of the analysts’ prediction could trigger volatility among altcoins and lead to the next phase of a notable bull run.
What is a Golden Cross Signal?
In a recent post on X, a crypto analysis platform shared a screenshot of the altcoins’ market cap chart on TradingView, showing how two significant moving averages are about to intercross each other. The setup, which is known as the Golden Cross, typically suggests a bullish move that signals a switch from a bearish to a bullish market.
Related: Altseason Momentum Builds: Are 10x–100x Altcoin Gains on the Horizon in 2025?
For context, a Golden Cross occurs when a short-term moving average (typically the 50-day moving average) crosses over a long-term moving average (usually the 200-day moving average) on a price chart. The crypto analysis platform highlighted the event on the altcoins market cap daily chart while explaining the historical implications.
A Crucial Indicator With Massive Impact
According to the analysis platform’s post, the altcoins market experienced the Gold Cross signal last in Q4 2024, following which the altcoins market cap pumped 41% in two weeks to reach $1.64 trillion for the first time in three years. That move saw many altcoins surge significantly, returning massive gains in what was the last significant surge after the latest Bitcoin halving.
Related: The Biggest Altseason Is Coming. Here’s Why
Data from TradingView reveals that the altcoins market cap was $1.29 trillion at the time of writing. It surged 16.5% during last week’s crypto market rally, reaching a $1.33 trillion local high before retracing slightly. The identified golden cross could trigger an influx of funds from technical traders into the altcoins market. That could cause the market cap to rally higher, potentially retesting the previous highs around the $1.6 trillion region.
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