- Altcoin market capitalization shows a weekly RSI divergence similar to the 2022 market bottom.
- Michaƫl van de Poppe says altcoins are building bullish divergences near the end of the cycle.
- Binance futures altcoin volume share fell from 63% to 47% in one week.
The Altcoin Market Cap is showing a weekly technical setup that resembles the 2022 bear market bottom. Analyst Michaƫl van de Poppe points to a bullish divergence between price and RSI. Meanwhile, Total3 shows a similar structure while altcoin trading activity falls across Binance futures.
The Altcoin Market Cap tracks a broad group of cryptocurrencies outside Bitcoin and Ethereum. Traders use Total3 to assess whether capital is moving into smaller digital assets. A higher weekly RSI low while prices stay weak can signal improving momentum.
Altcoin Market Cap Forms a Structure Similar to 2022
Van de Poppe says the Altcoin Market Cap is building a bullish divergence that appeared near the 2022 bear market bottom. His analysis places the market in a late stage of the current decline. He expects the divergence to become important if price confirms a reversal.
The Altcoin Market Cap setup centres on weekly RSI behaviour. Price can make lower or similar lows while RSI forms a higher low. That difference shows that downside momentum has weakened even when prices remain under pressure.
A move below recent lows could provide another test of demand. Analysts watching the structure expect a strong reclaim after any such sweep. Price recovery would then provide clearer evidence that the divergence has translated into buying pressure.
ETH BTC Breakout Adds Another Signal for Altcoins
The Altcoin Market Cap is also gaining attention alongside the ETH/BTC ratio. Analyst Moustache said ETH/BTC broke above a descending broadening wedge that had developed over roughly four years.
ETH/BTC measures Ethereum’s performance against Bitcoin. A sustained rise in the ratio can indicate stronger demand for Ethereum relative to Bitcoin. Traders often watch that relationship when assessing broader altcoin rotation.
The Altcoin Market Cap faces a different short-term signal from derivatives markets. Binance futures data show altcoin volume share falling from 63% to 47% within one week. Bitcoin and Ethereum therefore captured a larger portion of futures activity during that period.
That rotation does not invalidate the weekly divergence. It shows that derivatives traders have not broadly moved into altcoins during the current phase. A sustained shift in volume, combined with a Total3 reclaim, would provide a clearer confirmation signal.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
