Altcoin Market Cap Faces Resistance at $425 Billion Amid Recovery Signs

Altcoins are displaying strength as the cryptocurrency market recovers from a February correction, pushing the total market cap above $3 trillion. The altcoin market cap faced rejection at $425 billion but exhibited a shallower pullback compared to previous downturns.

Key Points on Altcoin Market Behavior

Altcoin market cap dipped after rejecting $425 billion resistance.
Current pullback is around 50%, less severe than past corrections of 69% and 85%.
Resistance at $425 billion shows weakening, indicating less bearish momentum.
Market resilience suggests potential for an upcoming altcoin season.

Implications for Altcoin Season

Analysis supports expectations for an altcoin season driven by profits moving from Bitcoin to altcoins.
Bitcoin dominance remains high; analysts suggest a rally may be on hold until clearer reversal signals appear.
Rejections of Bitcoin dominance around 64% could precede significant altcoin activity at 71% dominance levels.