Altcoins are largely in retreat mode again today while Bitcoin holds steady around $109,000, and their lackluster performance has not gone unnoticed among traders and analysts.
Crypto YouTuber Lark Davis highlighted that altcoins “don’t really do anything” while Bitcoin hits a peak, retreats, and recovers. “That’s the state of the crypto market right now,” he stated on X on May 26.
Indeed, the majority of altcoins remain significantly down from their peak prices during the last bull market in 2021. So, when is altseason coming?
Anticipating Altseason
Many analysts and crypto traders are optimistic that it won’t be long before altseason arrives, given the current market conditions.
On May 27, Bitcoin OG Kyle Chassé predicted that this altseason will be “epic,” but noted that it won’t mirror previous altseasons due to the sheer volume of tokens on the market.
Currently, CoinGecko lists over 17,000 tokens, while CoinMarketCap tracks an astonishing 16 million crypto tokens. However, most of these are largely seen as non-viable options, especially many meme coins on Solana and Base.
Altseason will be EPIC.
But it won’t be like previous altseasons.
There are just too many alts for everything to go up.
Pay attention to what’s getting attention.
That’s where the money is. pic.twitter.com/RvzJ2zwJDk
— Kyle Chassé / DD (@kyle_chasse) May 27, 2025
In the meantime, trader Merlijn The Trader shared with his 385,000 followers that “this altseason will make 2021 look tiny,” asserting that the current charts indicate a strong potential for growth.
Some dissenting voices suggest that there is little interest in altcoins currently. However, Merlijn emphasized that “institutions are coming for them,” particularly those with tangible utility.
Unpopular opinion:
This altseason will make 2021 look tiny.
The charts are screaming it.
The patterns are perfect.Your only question should be: How big? pic.twitter.com/eVa5JeKN3G
— Merlijn The Trader (@MerlijnTrader) May 25, 2025
“BTC dominance is about to dump hard,” indicated crypto investor “Sensei,” predicting that “altseason is coming.”
A major signal for altseason is the decline in Bitcoin’s market dominance, which currently stands at 64.25%, according to TradingView. It reached its highest level since January 2021 on May 7 at 65.4% but has experienced a slight decline since then. Nevertheless, this metric has shown a clear upward trend since early 2023.
Are Altcoins Prepared for a Breakout?
Crypto trader “Moustache” reflected the sentiment that altcoins are on the brink of a parabolic rally reminiscent of 2017 or 2021, due to major chart pattern similarities from previous market cycles.
Imagine you’re only in the early stages of an altseason.
Imagine you’re on the verge of a parabolic rally like in 2017 or 2021.
That’s where we are imo.
Numerous charts confirm this. pic.twitter.com/Rhu6PIxHV5
— ⓗ (@el_crypto_prof) May 26, 2025
Despite current chart patterns and growing indicators suggesting a possible rise, altcoins are predominantly in the red today, experiencing larger daily losses for cryptocurrencies such as XRP, Solana, Hyperliquid, and Sui.
Ultimately, although there are several signals indicating the potential for an impending altseason, it seems that altcoins are not quite ready to pop just yet.
The post Crypto Traders, Analysts Build Stronger Case For Altseason originally appeared on CryptoPotato.
