#山寨币季节指数升至24# With the expansion of the US money supply and the TOTAL3 index data pointing to the early stages of the altcoin season, the market capitalization of altcoins, excluding Ether, increased by $126 billion in the second quarter, which has excited analysts who have been waiting for the altcoin boom.

Cryptocurrency analyst Jafong Max pointed out that the recent breakthrough of altcoins could be comparable to the explosive bull market of 2017. In a recent article on X, Max highlighted a chart comparing the total market capitalization of altcoins (excluding Bitcoin and Ether) with the U.S. money supply, indicating that altcoins may be on the verge of a significant rise.
The increase of TOTAL3 relative to the US money supply indicates that altcoins are appreciating in relation to the overall liquidity of the US economy, reflecting an increase in investor interest and capital inflow into altcoins.
Max emphasized that altcoins have recently rebounded from key retest levels after a breakout, stating, "Altcoins have rebounded from a breakthrough retest of the US money supply and may achieve one of the strongest rallies since 2017!"
Similarly, anonymous cryptocurrency trader Moustache shared an analysis on X, highlighting the weekly inverse head and shoulders pattern in the TOTAL3 chart. This chart compares 2021 and 2025, reflecting the trends of the altcoin season in 2021, when the top altcoins surged by 174% in the final stage, while Bitcoin only rose by 20%. This pattern is a bullish reversal indicator, suggesting that the market will experience a rebound, and analysts predict that altcoins will "rise significantly."
The "altcoin season" has sparked complex emotions among analysts. While some analysts are optimistic about the upward momentum of altcoins, others maintain a cautious stance.
Technical analyst Crypto Scient explained that the recent rise in altcoin market capitalization has not yet reflected a bullish trend reversal on the higher time frame (HTF). The analyst pointed out that after reaching the resistance level of $1.25 trillion, the trend of TOTAL2 remains bearish, and stated: "Since BTC and TOTAL are close to the resistance zone, and TOTAL2 still has some space, I tend to believe that we are in the process of distribution."
Similarly, cryptocurrency commentator DonaXBT believes that the significant collapse of the Bitcoin dominance trend line is crucial for the large fluctuations of altcoins. The attached chart shows that Bitcoin's dominance has exceeded 60%, and the weekly upward trend remains intact. Bitcoin's dominance.
According to analysts, dropping below the 60% level and then retesting the support area between 56% and 58% could serve as an initial catalyst for a full altcoin season. The altcoin spot trading volume remains below 10 billion dollars.
CryptoQuant's data shows that altcoin spot trading volume remains sluggish, with an average daily trading volume of 3 billion to 5 billion USD, while in the fourth quarter of 2024 it is projected to be 8 billion to 12 billion USD, indicating that altcoins are in the early stages of a rebound. Despite the low trading volume, market observers believe this is a harbinger of significant growth for altcoins, suggesting that altcoins have not yet reached peak momentum. Bitcoin and altcoin spot trading volume.
As pointed out by Blockchaincenter, the altcoin season index is currently at 24, further confirming that the market is in a Bitcoin season, which supports this viewpoint. Historically, an index below 25 indicates Bitcoin's dominance, but this could be a positive sign for altcoins. When the index rises above 30-40, altcoins typically experience significant increases, mainly due to the rotation of funds from Bitcoin. With trading volume showing early signs of recovery and the altcoin season index pointing towards a shift, investor optimism for a rebound in altcoins is strengthening.
You can pay attention to the following potential altcoins.
1 AAVE AAVE is the leader in the lending space. The recently launched V4 version supports cross-chain collateral, allowing even Bitcoin to be used as collateral. The cash flow is very stable. With strong blue-chip attributes, the demand for lending is high in a bull market, and Aave is currently discussing deployment on Aptos. The market presents an opportunity to break new highs again!
The daily chart of WIF shows a strong recovery and new bullish momentum. After months of decline, it has strongly broken through the 20/50/100-day moving averages, forming a "golden cross," confirming a bull market signal! 1 dollar has become strong support, and the Fibonacci range of 0.75-1.05 dollars has successfully established a bottom! The target is 1.45 dollars (200-day moving average), followed by a sprint to 3 dollars.
3 PEPE The giant bullish line in May has broken through the 20, 50, and 100-day moving averages at once, confirming a trend reversal. The "golden pocket" support is formed at 0.000011-0.000012 USD, and after a healthy pullback, it will continue to rise! The next resistance is at 0.000018 USD, and after breaking through, it will soar to a historic high of 0.000022 USD!