Cryptocurrency analysts noted that altcoins showed positive dynamics for the first time in a long time

CryptoQuant analysts have recorded the first signs of a recovery in the altcoin market. The share of coins on Binance trading above their 200-day moving average has increased from 2% in February to 21% as of now.

According to experts, the market may be gradually moving into an early accumulation phase, a harbinger of a potential alt-season. This is not a single signal, but a combination of several factors that indicate a change in market sentiment.

Among the key indicators, analysts highlight the consolidation of bitcoin around the $ 80,000 mark. The stability of the main cryptocurrency traditionally creates conditions for the flow of capital into alternative assets.

In addition, the accumulation of altcoins by the so-called «smart money» — large players who usually act ahead of retail investors — is recorded. At the same time, there is a gradual return of interest in the sector from a wider audience of investors.

However, analysts urge not to rush to optimistic conclusions. Liquidity in the market remains low, so it is premature to talk about a full-fledged alt-season, as the recovery is still cautious and gradual.