- Others Dominance chart remains at 7.32%, a key historical low, with altcoins showing no sign of trend reversal yet.
- Current accumulation structure strongly resembles the summer of 2019, where altcoins quietly bottomed before a major rally.
- RSI and volume patterns support the accumulation narrative as altcoins build a base under the radar without breakout activity.
Altcoins continue trading within a consolidation range as the Others Dominance chart signals persistent accumulation. Market conditions remain comparable to the 2019 cycle lows.
Altcoins Hover at Cycle Lows With No Confirmed Trend Shift
Michaël van de Poppe recently commented that altcoins remain in an accumulation phase. This observation is supported by the Others.D chart, currently sitting near 7.32%—a zone historically linked to market cycle bottoms. Similar market behavior occurred during the summer of 2019 before a shift in trend.
According to van de Poppe, there has been no indication of a confirmed breakout. The current price action continues to trade within a long-term support box. This area has previously served as a base for major upward price movements across various altcoins.
Technical indicators also reflect accumulation activity. The RSI remains low, while trading volume shows signs of growth. These patterns are often associated with institutional or long-term investor interest entering the market quietly.
Altcoin Season Index Supports Continued Bitcoin Dominance
The Altcoin Season Index currently sits at 47 out of 100; confirming that we are not quite in altseason territory yet. Historically, the index has to move above 75 to indicate substantial movement toward altcoins. As of now, this confirms we are still in the phase of Bitcoin dominance.
During periods of low altcoin strength, Bitcoin usually consolidates or moves upward while altcoins trail behind. This dynamic often changes once capital rotation begins to flow toward smaller-cap digital assets. At the moment, the index suggests that the shift has yet to occur.
This environment often leads to patient accumulation. Investors monitoring these cycles may view this phase as a setup for future positioning rather than immediate price surges. Historically, a prolonged flat trend in this index has preceded robust altcoin rallies.
Market Behavior Resembles Pre-Rally Phase of 2019
Van de Poppe compared the current structure to mid-2019, where altcoins quietly bottomed before a strong rally. The similarity lies in the gradual formation of a base without any major trend shift or aggressive market sentiment. The present structure follows this historical roadmap.
The absence of hype aligns with typical early-stage accumulation. Momentum often builds under the surface before wider participation begins. Price action within the support range further confirms the potential for an emerging trend when sentiment eventually shifts.
As long as the Others Dominance chart remains around these levels and trend confirmation is absent, the market continues to build its foundation. Breakout opportunities, if they emerge, will likely occur after this consolidation fully matures.
