Altcoin Market Cap Surges 15% as Bullish Divergence Signals Uptrend

After months of stagnation and bearish sentiment, the crypto market is showing signs of a potential shift in favor of altcoins. Expert analysts have identified key chart patterns that suggest the long-awaited “altcoin season” could be approaching.

Renowned crypto analyst Michaël van de Poppe recently highlighted a massive bullish divergence on the altcoin market capitalization against Bitcoin. This divergence, which remains valid, is part of a multi-year falling wedge pattern. This pattern is often seen as a signal for a bullish price reversal. The last time such a bullish divergence occurred, it was followed by a significant surge in 2020, marking the beginning of one of the biggest altcoin bull runs in history.

The current market features the longest bullish divergence in altcoin history. The Relative Strength Index (RSI) has consistently formed higher lows while the price has made lower lows, a classic setup hinting at a potential price reversal. A breakout has already taken place, with the price reclaiming the wedge resistance and retesting it as support. This retest seems to be holding, which could be a confirmation of a new uptrend in the altcoin market.

The total crypto market cap chart, excluding Bitcoin, shows that as of April 14, the market cap has bounced from the $830 billion zone and is now hovering near the $960 billion mark. This price action has reclaimed the 0.382 Fibonacci retracement level and is attempting to push above the key 0.5 and 0.618 levels, which are commonly watched for trend reversals. The Moving Average Convergence Divergence (MACD) has also crossed bullish, with histogram bars flipping green and momentum shifting upward, indicating a potential continuation if follow-through volume enters the market.

If the total crypto market cap can decisively break and hold above the $1.02 trillion mark, analysts see potential for a rally toward $1.27 trillion. This scenario becomes more likely if Bitcoin’s price stabilizes or consolidates. In a bullish case, the total crypto market cap could retest all-time highs near $1.6–2 trillion in the next 6–12 months. On the other hand, a bearish case would involve another rejection at the 0.618 Fibonacci level, sending prices back toward the $830 billion support.