The crypto market has ushered in a major turning point! On May 9, the altcoin market may be officially launched:
The key node of technical breakthrough: The altcoin comprehensive index has successfully broken through important pressure levels recently.
Looking back at history, the index completed similar breakthroughs in October 2023 and November 2024, both triggering a collective surge in altcoins, and with a significant decline in Bitcoin market share.
It is worth noting that this breakthrough appeared in advance compared to the previous two rounds before Bitcoin hit a new high, suggesting that market sentiment is more radical.
The oversold rebound is ready to go: altcoins generally experienced deep corrections in the early stage, with some currencies falling by 90%, and the market panic has been released to its extreme.
According to the cyclical laws, extreme market conditions are often accompanied by strong repair increases.
Hot sectors lead the explosion: From the perspective of market dynamics, SUI ecological projects, AI concept currencies and MEME tokens are expected to become the leading pioneers in the next 2-3 months, driving the full explosion of the altcoin market.
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