Crypto analysts Moustache and Javon Marks are sounding the alarm for an impending altcoin season. According to their analysis, historical patterns are repeating themselves, with a confirmed macro Golden Cross in place.
Marks noted that a second Golden Cross has formed, which has remained intact after forming. This technical signal mirrors previous cycles that led to substantial gains across the altcoin market.
Moustache pointed out that the total cryptocurrency market capitalization continues to hold above the $3 trillion regime level, with price remaining above the 200-week EMA and the 300-week moving average acting as a long-term market bottom. This setup resembles previous bull market formations, including a double-bottom pattern where former resistance has turned into support.
Marks believes that the current Altcoin Season appears to be in its earliest phase, with historical price behavior supporting the possibility of broader market expansion. Moustache cautioned that the opportunity to accumulate before Altcoin Season fully develops may be closing.