Ethereum

Cardano

Solana

Bitcoin

Dogecoin

Altcoins, despite the <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> pullback, may offer investors the last chance to buy at the bottom before the anticipated altcoin season. Solana, Cardano, and Dogecoin, among other high-volume altcoins, are currently in retreat, while crypto analysts closely monitor signs of a breakout from the accumulation zone.
<h2 id="expectation-of-altcoin-season-amid-market-correction">Expectation of Altcoin Season Amid Market Correction</h2>
Discussions about the altcoin season continue to dominate crypto conversations, even amid the ongoing market correction. However, analysts agree that a full-fledged altcoin season has not yet arrived. There is also a division of opinion on whether this could be the last buying opportunity.
While altcoins experience a temporary retracement, market observers view this as a potential phase for investors to accumulate positions before the much-awaited altcoin season. Analyst Jacob Canfield points out that despite most altcoins lagging behind <a href="https://en.coin-turk.com/bitcoin-analyst-predicts-last-opportunity-for-btc-investment/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, their performance against the dollar has been notably positive, given the current decline in Bitcoin dominance.
<img decoding="async" class="wp-image-281822 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/altcoin-cointurk-2.webp" alt="" width="2560" height="1297">
Canfield notes that a real altcoin season could be discussed when a drop in Bitcoin dominance begins. Bitcoin’s dominance is currently at 52.8%. The dominance has decreased this month as altcoins show resistance and gain momentum against the market giant.
<h2 id="altcoins-teetering-on-the-brink">Altcoins Teetering on the Brink</h2>
Analysts are closely watching altcoins as the last rally brought the total value of the crypto market to its highest level in 18 months, $1.5 trillion. Especially since altcoins are on the verge of a potential breakout, as indicated by the rarely seen monthly golden cross. This technical indicator, combined with the last rally, suggests an upcoming bullish trend.
<img decoding="async" class="wp-image-281823 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/altcoin-sezonu-cointurk.webp" alt="" width="2560" height="1364">
Analyst “Muro” predicts a slight correction for Ethereum in particular, but maintains a positive outlook for altcoins. Despite encountering short-term resistance, the sentiment suggests that support levels are nearby, and a brief correction could pave the way for a rise.
Crypto trader “Jelle” agrees, stating, “After a few weeks of consolidation, altcoins are starting to look good again.”
Today’s market dynamics reveal a deeper pullback with the total market value declining by 1% to $1.45 trillion. Throughout November, the market has been relatively flat, while high-volume altcoins like Solana (SOL), Cardano (<a href="https://en.coin-turk.com/cardano-ada-faces-value-losses-as-crypto-market-continues-to-decline/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>), Dogecoin (DOGE), and Tron (TRX) have experienced drops ranging from 3% to 5%.
<ul class="summary">
 <li>Altcoins may offer a final buying chance.</li>
 <li>Crypto market value reached a peak recently.</li>
 <li>Analysts watch for an upcoming altcoin season.</li>
</ul> Continue Reading: <a href="https://en.coin-turk.com/exploring-the-potential-last-buying-opportunity-before-the-altcoin-season/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/exploring-the-potential-last-buying-opportunity-before-the-altcoin-season/</a>

Exploring the Potential Last Buying Opportunity Before the Altcoin Season

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