Trader Says Altseason Is Just Around the Corner, Updates Outlook on Dogecoin and Solana
Crypto analyst Ali Martinez says that the time for altcoins to outperform Bitcoin (BTC) is fast approaching, with Dogecoin (DOGE) perhaps set to benefit. Martinez tells his 71,900 followers on the social media platform X that Bitcoin dominance – which tracks the market cap of BTC versus the rest of crypto assets – is currently nearing the end of a rising wedge, traditionally viewed as a bearish setup if price breaks below the support line. Simultaneously, Martinez says the OTHERS chart – which tracks all crypto assets excluding stablecoins and the top 10 coins – is breaking out of a falling wedge pattern. The OTHERS chart is a widely used index to track the performance of altcoins. Says Martinez, “Things are getting interesting! Bitcoin dominance is showing signs of a potential breakdown from a rising wedge, while the altcoin market cap is breaking out of a falling wedge. Altcoin Season is just around the corner!” Source: Ali Martinez/X At time of ...