Altcoin Market Shows Strong Accumulation —What Could be Next?
By: bitcoin ethereum news|2025/05/08 00:00:06
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According to prominent analyst Michaël van de Poppe, the altcoin market is currently in a strong accumulation phase, signaling potential upside ahead. In his latest update , he points to a clear support zone that is attracting dip buyers — an area he labels as “area to hold” on the chart. The chart, which tracks the crypto total market cap excluding BTC and ETH , shows that after a sharp correction earlier this year, altcoins have found renewed strength around the 700–800B market cap range. This level previously acted as resistance in mid-2024 and now appears to be flipping into solid support — a classic bullish sign. Volume indicators show elevated activity during this consolidation phase, suggesting institutional or large-scale investor accumulation. Van de Poppe identifies this as a strategic “dip buying” opportunity, hinting at a potential next leg higher in the altcoin cycle. With Bitcoin consolidating and macro conditions stabilizing, altcoins could soon reclaim the spotlight if this support holds. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/altcoin-market-shows-strong-accumulation-what-could-be-next/
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