This article discusses a technical analysis suggesting that the crypto market, including altcoins like Ethereum (ETH) and Dogecoin (DOGE), is on the verge of experiencing a major altcoin season that could last 217 days. The analyst emphasizes the importance of maintaining critical support levels for this anticipated altcoin season to begin.
The article highlights that cryptocurrencies like Ethereum and Dogecoin could benefit from this market shift, especially with current market conditions aligning with Fibonacci time sequences indicating a potential inflection point for altcoin prices.
The analyst, Sporia, shares a price chart that has consistently indicated significant bottoms whenever the market encountered resistance at a crucial point. The chart has recorded a bottom, marking the fourth hit around the critical resistance zone, reinforcing the possibility of a strong altcoin season.
Sporia predicts that the altcoin market could rally for 217 days, peaking by October 13, 2025, roughly 20 to 30 days after Bitcoin reaches its projected cycle top. The article also mentions historical patterns where Bitcoin typically hits a cycle top before altcoins, providing insights into the potential market movements.
Overall, the article suggests a positive outlook for the altcoin market, with Sporia indicating a 99% certainty of a market bottom as long as key diagonal support holds, leading to a V-shaped recovery and an uptrend lasting for 217 days.