- The EMA200/SMA200 golden cross has been confirmed for total market cap.
- A similar signal in 2021 led to one of the biggest altseasons.
- Analysts predict a potential rally for altcoins in the coming months.
A major technical signal has just flashed for the cryptocurrency Market . The weekly golden cross of the 200-day Exponential Moving Average (EMA200) and the 200-day Simple Moving Average (SMA200) has been confirmed for the total market cap. Historically, this pattern has indicated strong bullish momentum, particularly for altcoins.
The last time this signal appeared was in 2021, leading to one of the most significant altseasons in crypto history. Many altcoins saw exponential gains, with some reaching all-time highs. Now that the golden cross has reappeared, traders and investors are watching closely to see if history will repeat itself.
Why This Signal Matters
The golden cross occurs when a short-term moving average crosses above a long-term moving average, signaling a potential bullish trend. The fact that this crossover has happened on the total market cap chart suggests that the broader crypto market , including altcoins, could be entering a strong upward phase.
In past cycles, altseasons have followed similar technical signals, where Bitcoin consolidates or moves steadily while altcoins outperform. This is because increased market confidence leads to capital flowing into smaller, high-potential assets.
What’s Next for Altcoins?
While the golden cross is a strong indicator, it is essential to consider other factors such as macroeconomic conditions, regulatory developments, and Bitcoin’s price movements. If Bitcoin remains stable or trends upward, altcoins could see significant gains in the coming months.
Traders should keep an eye on key resistance levels, trading volume, and market sentiment to confirm an upcoming altseason. If momentum builds, we may witness a repeat of 2021’s historic rally.
