Investor sentiment is shifting in the crypto market, with a clear focus turning toward altcoins. With the altcoin market cap pushing past $1.5 trillion, many analysts now believe a true “alt season” is in motion.
Investor sentiment is shifting in the crypto market, with a clear focus turning toward altcoins. With the altcoin market cap pushing past $1.5 trillion, many analysts now believe a true “alt season” is in motion.
According to analyst Dan Gambardello, Ethereum, XRP, and Cardano are all showing strong technical setups, suggesting a true “alt season” may finally be in motion. This upward trend is being fueled by a mix of bullish technical signals and favorable policy changes.
Meanwhile, XRP has surged 11.19% and now trades above . This momentum follows the final resolution of the SEC vs. Ripple case, which has lingered over the asset since 2020.
With legal clarity restored, XRP has reignited its bull case, aiming for technical targets like $5.30 and even $8.30 in longer projections. The move mirrors its 2017 trajectory, where sideways consolidation led to a sharp vertical rally.
Ethereum is currently trading around , showing a 5.67% daily increase. However, analysts are closely watching the $4,100 resistance level.
Dan Gambardello suggests that a confirmed breakout above this level could trigger a larger altcoin rally. While the current chart formation suggests potential consolidation, a move beyond $4,100 with strong volume could confirm market-wide bullish sentiment.
Cardano (ADA), priced at , is steadily approaching a multi-year trendline resistance, which aligns with the $1.80 to $2.00 range.
Dan Gambardello’s analysis suggests a possible inverse head-and-shoulders pattern, indicating that ADA may soon test these upper levels. The long-term target for Cardano is estimated between $5 and $10, contingent upon breaking through its historical “bull market doors.”
Significantly, Cardano’s current position mirrors its pre-bull market levels from October 2020. Though its price has increased, the risk level remains low, suggesting potential for exponential upside. Investors are now watching how ADA reacts near its 20-day moving average in the short term.
The broader market is showing steady strength. The global crypto market cap has risen to $3.87 trillion, with a 24-hour trading volume of $180.8 billion. The CoinMarketCap 100 Index is also up by 3.23%, further validating ongoing upward momentum.
However, the Altcoin Season Index remains at 38, signaling that Bitcoin dominance is still in play. Market watchers are keeping a close eye on Bitcoin dominance trends. A drop below 60.8% could confirm the beginning of a full-scale altcoin season.
