The post Altcoin Flash First Bullish Candle in 5.8 Years, February Key for Altcoin Season appeared first on Coinpedia Fintech News
After years of weak performance, altcoins may finally be showing their first real sign of recovery. A rare bullish candle has now appeared on the ALT/BTC chart for the first time in 5.8 years.
This signal is not just a small move, but something that has historically marked the beginning of major altcoin season rallies.
ALT/BTC Chart Flashes Major Bullish Breakout
Popular crypto trader Ash Crypto said altcoins have printed their first strong bullish candle against Bitcoin in 5.8 years. This is a big change, as altcoins have been falling since their 2021 peak.
However, the ATL/BTC chart shows a clear resistance line that pushed altcoins lower for years. Now, altcoins are testing this level again while holding support, showing the downtrend may be ending.
At the same time, the MACD indicator has stayed green for two months and has given a bullish crossover. This is a key sign that selling pressure is fading and buyers are slowly returning to the altcoin market.
Historically, such signals usually appear during the early stage of an altcoin season cycle.
Altcoin Season Index Shows Market Is Still Early
Another key signal is the Altcoin Season Index, which is now around 51. This shows the market is starting to recover, but a full altcoin season has not begun yet.
In past bear markets like 2018 and 2022, the index fell below 25 and even reached 5, showing strong fear and heavy selling. During bull runs, it rose to 95 in 2017 and 85 in 2021.
The move back to 51 now suggests altcoins may be slowly gaining strength again.
February Monthly Close Could Confirm Altcoin Rally
One of the most important factors now is how February closes. If February finishes with a green monthly candle, it could confirm that altcoins are entering a new growth phase.
The last time this type of bullish signal appeared, the altcoin market saw explosive growth. Altcoin market cap expanded by nearly 1,000% to 1,500% during the following cycle.
Many top altcoins delivered gains of 10x to 100x as capital rotated away from Bitcoin into smaller assets.
If this trend continues, it could mark the beginning of a new altcoin season.