Altcoin Market Shows Signs of Recovery in March

The altcoin market has been showing signs of improvement in late February, with some analysts predicting a potential recovery in March.

According to data from CryptoQuant, only 5% of altcoins listed on Binance are trading above their 200-day simple moving average (SMA). This is a relatively low percentage compared to historical patterns, which have typically seen this ratio stay below 15% for no more than five months before rebounding.

Historically, when the ratio has reached its fifth month of decline, it has often marked the beginning of an uptrend in altcoin prices. This pattern appeared during the June-October 2024 period and again from February to June 2025.

In addition to this signal, analysts have also pointed out early positive signs on the OTHERS/BTC chart in February. The MACD indicator has crossed above the signal line and formed its first green histogram bar since early 2024, which is often seen as a reversal sign before major altcoin rallies.