🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Is Altcoin Season 2025 Around the Corner? Key Indicators Signal a Potential Breakout
Altcoin Momentum Unbalanced: Whilst Hyperliquid (HYPE) is picking up momentum, stETH, LINK and XLM are showing diverging.
Volume divergence is a sign of opportunity: The higher the trading volume of individual tokens, including HYPE, the more investors seem to be gaining interest.
Altcoin Season Unconfirmed: Technical indicators are once again flashing a possible change, but the continued breaking.
With traders and investors in the crypto market evaluating the possibility of a change of momentum in various directions throughout the crypto space, several significant altcoins are displaying unique behaviours that could provide the initial signs of an altcoin season.
Mixed Performance Among Major Altcoins
Lido Staked ETH (stETH) is holding at the price of $2,765.48, which represents a decrease of 2.53% over the past day. With a fully diluted valuation, the market cap of the asset is $25.01 billion. The circulating supply and total supply of tokens are 9.04 million tokens, and there is no noticeable change in the token distribution. However, the daily volume of trade decreased by 41.90 percent to $14.35 million, an indicator of a slow market.
The stETH price action reveals that the price has been in a steady declining trend throughout the day, starting at around $2,801 and going down. A minor rebound towards the end of the day provided some limited support. The sentiment is cautious, with a moderate profile score of 65% and more than 528,000 holders of this token. Although stETH is a large Ethereum staking derivative, the derivatives exhibit less momentum in the current market behaviour.
Hyperliquid (HYPE) is displaying strength after a decent 1.22% correction to $42.75. On the daily chart, the asset still has a rising trend, and higher highs and higher lows are observed. It has a market capitalization of $14.29 billion, which is facilitated by a 24-hour trading volume of $374.78 million and a circulating supply of about 334 million HYPE.
Source: Tradingview
The token reached an intraday high of $42.978 and subsequently retreated partly. The volume analysis shows that the traders are still present at the market, and this fact testifies to their additional interest and the likelihood of the further price movement. The trend could only be described as a massive event should it continue because it could indicate that HYPE is one of the altcoins with legs ahead of a possible market-wide eruption.
Stellar (XLM): The Declining Momentum Lives On
Stellar (XLM) is exchanged at 0.275224 USD with a in the past 24 hours by 2.71%. The asset has a market capitalization of 8.58 billion dollars and a massive supply of tokens in circulation of 31.19 billion. The daily trade volume is also impressive at 208.29 million US dollars and there is no corresponding price action.
Source: Tradingview
The chart shows extended bearishness, unsuccessful tries to break the resistance at $0.30. The price action has been lackluster in a tight consolidation and the downward volume also kills the bullish sentiment. The current market opinion on XLM is mild, and there are no apparent signs of a reversal to change the direction. Although the asset is useful in cross-border remittance, the market opinion is not showing any sign of optimism to change the path.
Chainlink(LINK): Painting After Unsuccessful Breakout
Chainlink (LINK) is currently priced at $14.429, and it has lost 3.07% in the last 24 hours. The technical indicators depict a market that is having difficulties in sustaining gains on the upside. The Relative Strength Index (RSI) is at 48.34, which is neutral and not wearing any bullish or bearish extremes. A recent fall off of levels above 60 indicates loss of impetus.
Source: Tradingview
The MACD indicator presents a slightly positive histogram, though the MACD line is yet to cross above the signal line. This crossover raises the possibility of a shift, but it is not confirmed. The price action is still locked underneath the resistance at $16, and the asset is yet to leave its consolidation range. However, LINK is yet to break out of its range despite the previous rallies in early 2023, so we may see slower involvement unless new drivers are introduced.
Indicators Suggest Market Rotation May Be Starting
As the major altcoins have different levels of activity, the technical indicators provide an early indication of a sectoral rotation. Tokens such as Hyperliquid are experiencing increasing volume and a constructive price structure, whereas stETH and LINK are accumulating. XLM, in turn, is still underperforming and experiencing decreased buying pressure.
This lopsided performance could be the transition period commonly witnessed ahead of the altcoin seasons when they are fully blown. Altcoin seasons historically come after seasons of Bitcoin dominance or consolidation, where capital flows into smaller-cap or high-growth tokens. In support and resistance, current charts indicate early accumulation of some assets and temporary exhaustion of others, although not conclusively.