Josh Olszewicz takes a deep dive into the current state of altcoins, emphasizing that the overall trend remains bearish, with only a few assets showing signs of strength. He highlights Bitcoin dominance as a major factor suppressing altcoin performance.
1. Bitcoin Dominance is Crushing Altcoins
Key Highlights:
- Bitcoin dominance remains at 61%, showing no signs of rolling over.
- Many traders have been trying to pre-position for an altcoin breakout, but BTC’s strength continues to suppress alts.
- Unless dominance reverses, altcoins will likely continue bleeding in the short term.
2. Altcoins Are Struggling – SOL Down 44%
Key Highlights:
- Most altcoins are down heavily, with Solana dropping 44% in a month due to meme coin speculation and sell-offs.
- Ethereum has failed to break out of its range, stuck below key resistance at $3,100.
- Meme coin-driven ecosystems, like Solana and Base, are experiencing major sell pressure.
3. Technicals Show No Clear Signs of a Bottom
Key Highlights:
- Across the board, altcoin charts remain bearish, trading below key trend indicators like the Ichimoku Cloud.
- Many assets, including DOT, ADA, and LINK, are far below their November 2023 breakout levels, signaling heavy sell pressure.
- The only viable long-term altcoin setups are those that break above the daily cloud, but few are close to doing so.
4. A Few Altcoins Show Promise
Key Highlights:
- Litecoin (LTC) is one of the few alts holding up well, trading above the daily cloud due to ETF speculation.
- Monero (XMR) remains strong, but its limited availability on exchanges makes it an outlier.
- Render (RNDR) and SUI have shown relative strength, but need more confirmation before becoming solid trade setups.
5. How to Navigate the Altcoin Market Right Now
Key Highlights:
- Altcoins are not a "buy and hold" strategy—they require momentum to perform well.
- Investors should wait for clear trend reversals, rather than trying to time bottoms.
- The best setups will come when BTC stabilizes and Bitcoin dominance declines.
- The most likely time for altcoin strength is Q2 2025, but until then, most alts are better to avoid.
🔥 Final Take: Altcoins remain in a bearish phase, with Bitcoin dominance continuing to suppress them. While some assets like Litecoin and Monero show relative strength, most alts are bleeding with no clear bottom in sight. Traders should wait for clearer breakout signals before taking positions, as it may take months for altcoins to turn around.
