- Altcoins break major resistance as Total3 chart signals bullish trend reversal
- Bitcoin dominance drops below 64.2%, hinting at capital rotation into altcoins
- Despite market dip, technical signals suggest early phase of altcoin season
The cryptocurrency market appears to be approaching a major turning point. Despite recent price corrections, several analysts are forecasting a powerful altcoin rally stretching from August through December. With key technical signals flashing green, many investors are shifting focus from Bitcoin to smaller, high-potential assets.
According to current data and expert insights, this may mark the early stages of an extended altcoin season, where alternative cryptocurrencies significantly outperform Bitcoin in terms of growth and returns.
Altcoins Show Technical Strength Amid BTC Weakness
CryptoELlTES, a respected analyst, highlighted a crucial breakout on the Total3 chart representing the total market cap of altcoins excluding Bitcoin and Ethereum. The chart shows a long-term downtrend line finally giving way to bullish momentum. This breakout, supported by a rounded bottom formation, signals a reversal from bearish conditions that have lasted over a year.
Key resistance zones lie ahead, particularly around $235 billion and $375 billion. These levels will be closely watched, as breaking past them could unlock further upside.
This shift suggests that investors may be positioning early for a major altcoin run-up. Significantly, the timing coincides with a period traditionally favorable for crypto rallies late summer through the end of the year.
An incredible #altcoinseason will unfold in August, September, October, November, and December.
— @CryptoELlTES (@CryptooELITES) July 15, 2025
Shut your ears to negativity!#Altcoins pic.twitter.com/PNVmaEIjAR
BTC Dominance Breaks Down, Favoring Altcoins
Supporting this narrative, analyst Mihir pointed out that Bitcoin dominance has recently fallen below a key ascending trendline. A large red candle confirmed this drop, accompanied by a noticeable spike in trading volume. This breakdown weakens Bitcoin’s grip on the market and typically signals capital flow into altcoins.
Currently, the dominance level has slipped below 64.20%, heading toward the next support at 61.80%. A consistent drop in dominance indicates altcoins are outperforming Bitcoin. Besides, the market structure shows a clear lower high, adding further weight to a potential shift in momentum.
BTC dominance has broken an immediate trend support.
— Mihir (@RhythmicAnalyst) July 15, 2025
We can see some of the Alts are doing better than BTC as a result of it.#Bitcoin #BTC $BTC #AltcoinSeason #Altseason2025 pic.twitter.com/8GwWvLVT0W
Current Conditions: Prices Drop, But Signs Are Bullish
Despite these technical indicators, the Altcoin Season Index sits at 32 out of 100, still signaling a Bitcoin-dominant environment. Moreover, the market continues to experience price declines. Bitcoin trades at $116,970.97, down by 3.97%. Ethereum, BNB, Solana, and XRP have also dropped by similar margins.
