Altcoin Market Shows Strong Accumulation —What Could be Next?

By: coindoo|2025/05/07 23:45:01
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In his latest update, he points to a clear support zone that is attracting dip buyers — an area he labels as “area to hold” on the chart.The chart, which tracks the crypto total market cap excluding BTC and ETH, shows that after a sharp correction earlier this year, altcoins have found renewed strength around the 700–800B market cap range.This level previously acted as resistance in mid-2024 and now appears to be flipping into solid support — a classic bullish sign.Volume indicators show elevated activity during this consolidation phase, suggesting institutional or large-scale investor accumulation. Van de Poppe identifies this as a strategic “dip buying” opportunity, hinting at a potential next leg higher in the altcoin cycle. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bitcoin Whales and ETF Inflows Signal a Potential Rally With Bitcoin consolidating and macro conditions stabilizing, altcoins could soon reclaim the spotlight if this support holds.The post Altcoin Market Shows Strong Accumulation —What Could be Next? appeared first on Coindoo.

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