- Altcoins form a triple bottom pattern, signaling a potential bullish breakout setup.
- Bitcoin dominance drops as the altcoin market cap rises, hinting at capital rotation.
- Analysts and influencers predict altseason kickoff, supported by rising volumes and inflows.
Altcoins may be approaching a breakout zone after forming a triple bottom pattern across multiple charts. This technical setup, often interpreted as a strong base, is fueling speculation of a potential rally. As traders eye market cues, support holds and volume surges suggest a change in momentum could be underway.
Technical Setup Aligns with Triple Bottom Formation
According to an observation by Merlijn The Trader on June 18, 2025, “Altcoins just printed a Triple Bottom. That’s not just support. That’s a launchpad.” The repeated test of a support zone without a breakdown is being seen by traders as a bullish signal.
The triple bottom formation suggests that selling pressure has weakened. As per TradingView data, Bitcoin dominance stands at 54.3% as of June 18, 2025, which has declined from 57.1% recorded on June 10.
This decreasing dominance may signal early signs of capital rotation from Bitcoin into altcoins. The total altcoin market cap has increased to $1.18 trillion, showing renewed accumulation pressure.
Altseason Momentum Builds Amid Bullish Sentiment
Crypto Rover, a market influencer, posted on X that “Altseason will start soon. Be patient!” on June 18 at 10:30 AM UTC. On-chain metrics support this narrative. CoinGecko reported a 3.2% weekly gain in the altcoin market cap, while ETH/BTC and ADA/BTC trading volumes rose 12.5% and 9.8%, respectively.
Ethereum’s RSI stands at 62 on the daily chart, indicating upward momentum without overbought conditions. Meanwhile, institutional inflows also point to confidence in altcoins, with Grayscale’s Ethereum Trust receiving $45 million in net inflows on June 17.
Mister Crypto commented that altseason “has not been cancelled, only delayed,” attributing the delay to Bitcoin’s dominance and global liquidity trends. Additionally, Lofty stated via X, “Altseason Phase kicks off on June 20,” hinting at possible upcoming volatility.
